Discontinued — last reported Q4 '25
PP&E (Net)
ConocoPhillips PP&E (Net) increased by 9.2% to $102.07B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.9%, from $102.97B to $102.07B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 20.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase generally reflects ongoing capital investment in new production capacity, while a decrease may indicate asset depreciation or divestment.
Detailed definition
This represents the book value of tangible long-lived assets, such as drilling rigs, pipelines, and production facilitie...
Peer comparison
This is the largest asset category for most upstream energy companies, with values varying based on the scale of reserves and infrastructure.
property_plant_equipment_netHistorical Data
| Q2 '21 | Q3 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $57.72B | $56.69B | $64.91B | $64.64B | $64.01B | $63.67B | $64.87B | $65.09B | $65.45B | $65.56B | $70.04B | $69.91B | $70.23B | $70.73B | $102.97B | $94.32B | $95.24B | $93.5B | $102.07B |
| QoQ Change | — | -1.8% | +14.5% | -0.4% | -1.0% | -0.5% | +1.9% | +0.3% | +0.6% | +0.2% | +6.8% | -0.2% | +0.5% | +0.7% | +45.6% | -8.4% | +1.0% | -1.8% | +9.2% |
| YoY Change | — | — | — | — | +10.9% | +12.3% | -0.1% | +0.7% | +2.3% | +3.0% | +8.0% | +7.4% | +7.3% | +7.9% | +47.0% | +34.9% | +35.6% | +32.2% | -0.9% |
Geographic Breakdown — Other foreign countries
| Segment | Q4 '23 |
|---|---|
| Other foreign countries | $1.13B |
| Total | $70.04B |
Other foreign countries was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown — U.S.
| Segment | Q4 '21 | Q4 '23 |
|---|---|---|
| U.S. | $50.58B | $53.96B |
| CANADA | $6.61B | $9.67B |
| Australia | $5.58B | $5.43B |
| Norway | $4.68B | $4.49B |
| China | $1.48B | $1.64B |
| Malaysia | $1.25B | $939M |
| Libya | $659M | $703M |
| U.K. | $1M | $2M |
| Equatorial Guinea | — | $0 |
| Indonesia | $28M | $0 |
| Singapore | — | $0 |
| Total | $64.91B | $70.04B |
Australia, CANADA, China, Equatorial Guinea, Indonesia, Libya, Malaysia, Norway, Singapore, U.K. were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown — International
| Segment | Q4 '21 | Q4 '23 |
|---|---|---|
| International | $748M | $23.99B |
| Total | $64.91B | $70.04B |
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's pp&e (net)?
- ConocoPhillips (COP) reported pp&e (net) of $102.07B in Q4 2025.
- How has ConocoPhillips's pp&e (net) changed year-over-year?
- ConocoPhillips's pp&e (net) decreased by 0.9% year-over-year, from $102.97B to $102.07B.
- What is the long-term trend for ConocoPhillips's pp&e (net)?
- Over 5 years (2020 to 2025), ConocoPhillips's pp&e (net) has grown at a 20.7% compound annual growth rate (CAGR), from $39.89B to $102.07B.
- What does pp&e (net) mean?
- The current book value of the company's physical assets after accounting for wear and tear.