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ConocoPhillips COP Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve
Oil and Gas, Capitalized Exploratory Well Cost, Reclassification Based on Determination of Proved Reserve at other companies
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves.
The source filing: ConocoPhillips’s 10-K, filed February 17, 2026.
- Filed
- Feb 17, 2026, 11:32 AM EST
- Fiscal year
- FY2025
- Accession
- 0001163165-26-000009
| Line item | Millions of Dollars / 2025 | Millions of Dollars / 2024 | Millions of Dollars / 2023 |
|---|---|---|---|
| Beginning balance | $196 | 184 | 527 |
| Additions pending the determination of proved reserves | 113 | 32 | — |
| Reclassifications to proved properties | — | (2) | (285) |
| Sales of suspended wells | (30) | — | — |
| Charged to dry hole expense | (36) | (18) | (58) |
| Ending balance | $243 | 196 | 184 |
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ConocoPhillips's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve?
- ConocoPhillips (COP) reported oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve of $0 in Q4 2025.
- How has ConocoPhillips's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve changed year-over-year?
- ConocoPhillips's oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve decreased by 100.0% year-over-year, from $500K to $0.
- What does oil and gas, capitalized exploratory well cost, reclassification based on determination of proved reserve mean?
- This represents the transfer of costs from exploratory well status to property, plant, and equipment once a well is determined to have proved reserves. It marks the transition from exploration to development.
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