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ConocoPhillips COP Exploration Expense

Exploration Expense at other companies

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$256M+1.6%
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$37M-55.4%
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$213K-41.3%
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APA CorporationAPA
$26M-13.3%
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$16M-20.0%
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Other financials

Income statement

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Revenue$19.2B+36.8%
Gross profit$12.4B+39.6%
Net income$3.9B+99.4%
EPS (diluted)$3.23+107%

Balance sheet

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Cash & equivalents$7.0B+33.3%
Total debt$23.8B-0.6%
Total equity$65.3B-0.3%
Total assets$124.26B+1.4%

Cash flow

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Operating cash flow$7.4B+113%
CapEx$3.0B-8.9%
Free cash flow$1.3B+13.6%

Valuation

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Market cap$147.8B+26.5%
Enterprise value$164.6B+21.5%
P/E15.9×+3.2×
P/S2.3×+0.3×

Profitability

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Gross margin62%-1.5pp
Net margin14.7%-1.2pp
FCF margin12.3%-2.3pp

Returns & leverage

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Return on equity14.2%-1.8pp
Debt / equity0.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:ExplorationExpense.

The source filing: ConocoPhillips’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:39 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001163165-26-000032
Line itemMillions of Dollars / Three Months Ended June 30 / 2026Millions of Dollars / Three Months Ended June 30 / 2025Millions of Dollars / Six Months Ended June 30 / 2026Millions of Dollars / Six Months Ended June 30 / 2025
Purchased commodities6,7125,08512,99511,273
Production and operating expenses2,4312,5724,7075,078
Selling, general and administrative expenses188250381441
Exploration expenses7581184198
Depreciation, depletion and amortization2,9832,8385,8895,584
Impairments21212
Taxes other than income taxes7935721,4001,123
Accretion on discounted liabilities9995196189

Item 1. Financial Statements

FAQ

What is ConocoPhillips's exploration expense?
ConocoPhillips (COP) reported exploration expense of $75M in Q2 2026.
What does exploration expense mean?
Exploration Expense

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