What is ConocoPhillips's R&D?

ConocoPhillips (COP) reported R&D of $19.5M in Q4 2025.

How has ConocoPhillips's R&D changed year-over-year?

ConocoPhillips's R&D decreased by 3.7% year-over-year, from $20.25M to $19.5M.

What is the long-term trend for ConocoPhillips's R&D?

Over 4 years (2021 to 2025), ConocoPhillips's R&D has grown at a 5.9% compound annual growth rate (CAGR), from $62M to $78M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

ConocoPhillips COP R&D

R&D at other companies

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$30.09M+5.9%

Cabot CorporationCBT

$14M-6.7%

SOL

SOLSSOLS

$28M+27.3%

Envista Holdings CorporationNVST

$30M+18.6%

VontierVNT

$41.4M+3.0%

Archer AviationACHR

$171.7M+65.6%

Other financials

Income statement

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Revenue$15.8B-4.6%

Gross profit$9.5B-8.2%

Net income$2.2B-23.4%

EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.6%

Total debt$23.3B-4.5%

Total equity$64.5B-1.1%

Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%

CapEx$3.0B-75.5%

Free cash flow$1.3B—

Valuation

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Market cap$126.65B+11.2%

Enterprise value$143.71B+8.4%

P/E17.3×+4.9×

P/S2.2×+0.2×

Profitability

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Gross margin61.5%-2.2pp

Net margin12.6%-4.0pp

FCF margin12.3%—

Returns & leverage

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Return on equity11.3%-5.4pp

Debt / equity0.4×0.0×

Current ratio1.3×0.0×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: ConocoPhillips’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ConocoPhillips's R&D?: ConocoPhillips (COP) reported R&D of $19.5M in Q4 2025.
How has ConocoPhillips's R&D changed year-over-year?: ConocoPhillips's R&D decreased by 3.7% year-over-year, from $20.25M to $19.5M.
What is the long-term trend for ConocoPhillips's R&D?: Over 4 years (2021 to 2025), ConocoPhillips's R&D has grown at a 5.9% compound annual growth rate (CAGR), from $62M to $78M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.