Accumulated Depreciation
ConocoPhillips Accumulated Depreciation increased by 3.4% to $93.46B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.7%, from $82.94B to $93.46B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows an upward trend with a 7.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising balance relative to gross assets indicates an aging asset base, which may necessitate future capital expenditure for maintenance or replacement.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's property, plant, and equipment since...
Peer comparison
High accumulated depreciation is standard for mature energy companies with long-standing production fields.
ppe_accumulated_depreciationHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $64.74B | $64.71B | $65.21B | $64.87B | $66.63B | $67.69B | $69.53B | $71.63B | $74.36B | $75.7B | $77.91B | $79.48B | $81.07B | $82.94B | $86.49B | $87.51B | $90.4B | $93.46B |
| QoQ Change | — | -0.0% | +0.8% | -0.5% | +2.7% | +1.6% | +2.7% | +3.0% | +3.8% | +1.8% | +2.9% | +2.0% | +2.0% | +2.3% | +4.3% | +1.2% | +3.3% | +3.4% |
| YoY Change | — | — | — | — | +2.9% | +4.6% | +6.6% | +10.4% | +11.6% | +11.8% | +12.1% | +11.0% | +9.0% | +9.6% | +11.0% | +10.1% | +11.5% | +12.7% |
| % of PP&E (Net) | 99.7% | 100.1% | 101.9% | 101.9% | 102.7% | 104.0% | 106.2% | 109.3% | 106.2% | 108.3% | 110.9% | 112.4% | 78.7% | 87.9% | 90.8% | 93.6% | 88.6% | — |
| Share Change | — | +0.4pp | +1.8pp | +0.0pp | +0.8pp | +1.3pp | +2.2pp | +3.0pp | -3.1pp | +2.1pp | +2.7pp | +1.4pp | -33.6pp | +9.2pp | +2.9pp | +2.8pp | -5.0pp | — |
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's accumulated depreciation?
- ConocoPhillips (COP) reported accumulated depreciation of $93.46B in Q1 2026.
- How has ConocoPhillips's accumulated depreciation changed year-over-year?
- ConocoPhillips's accumulated depreciation increased by 12.7% year-over-year, from $82.94B to $93.46B.
- What is the long-term trend for ConocoPhillips's accumulated depreciation?
- Over 5 years (2020 to 2025), ConocoPhillips's accumulated depreciation has grown at a 7.8% compound annual growth rate (CAGR), from $62.21B to $90.4B.
- What does accumulated depreciation mean?
- The total depreciation recorded against the company's physical assets over time.