Question 1

What is ConocoPhillips's total costs & expenses?

Accepted Answer

ConocoPhillips (COP) reported total costs & expenses of $2.43B in Q2 2026.

Question 2

How has ConocoPhillips's total costs & expenses changed year-over-year?

Accepted Answer

ConocoPhillips's total costs & expenses decreased by 5.5% year-over-year, from $2.57B to $2.43B.

Question 3

What is the long-term trend for ConocoPhillips's total costs & expenses?

Accepted Answer

Over 4 years (2021 to 2025), ConocoPhillips's total costs & expenses has grown at a 16.1% compound annual growth rate (CAGR), from $5.69B to $10.33B.

Question 4

What does total costs & expenses mean?

Accepted Answer

The aggregate of all operating and non-operating costs incurred by the company to generate revenue during a specific period, including cost of goods sold, operating expenses, and other charges. Monitoring this metric helps assess the company's overall cost structure and operational efficiency in managing its resource consumption.

Line item	Millions of Dollars / Three Months Ended June 30 / 2026	Millions of Dollars / Three Months Ended June 30 / 2025	Millions of Dollars / Six Months Ended June 30 / 2026	Millions of Dollars / Six Months Ended June 30 / 2025
Total revenues and other income	19,522	14,740	35,576	31,841
Costs and expenses
Purchased commodities	6,712	5,085	12,995	11,273
Production and operating expenses	2,431	2,572	4,707	5,078
Selling, general and administrative expenses	188	250	381	441
Exploration expenses	75	81	184	198
Depreciation, depletion and amortization	2,983	2,838	5,889	5,584
Impairments	2	1	21	2

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ConocoPhillips COP Total costs & expenses