Discontinued — last reported Q4 '25
Total Operating Expenses
ConocoPhillips Total Operating Expenses decreased by 5.2% to $11.94B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.5%, from $11.77B to $11.94B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 8.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical 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 | $7.13B | $8.03B | $11.63B | $11.39B | $14.33B | $14.17B | $14.03B | $10.96B | $9.52B | $10.77B | $11.04B | $10.67B | $10.48B | $10.37B | $11.77B | $12.64B | $11.72B | $12.59B | $11.94B |
| QoQ Change | — | +12.7% | +44.7% | -2.0% | +25.8% | -1.1% | -1.0% | -21.9% | -13.1% | +13.1% | +2.6% | -3.4% | -1.8% | -1.0% | +13.5% | +7.4% | -7.2% | +7.4% | -5.2% |
| YoY Change | — | — | — | — | +101.0% | +76.4% | +20.6% | -3.8% | -33.6% | -24.0% | -21.3% | -2.6% | +10.0% | -3.7% | +6.6% | +18.4% | +11.9% | +21.5% | +1.5% |
Product Breakdown
| Segment | FY'22 | FY'23 |
|---|---|---|
| Shipping and Handling Costs | $1.60B | $1.70B |
| Total | $53.93B | $42.29B |
All segment values are derived from annual filings.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Alaska Segment | — | — | — | $506.00M | $546.00M | $564.00M | $542.00M | $475.00M |
| EMENA | — | — | — | $224.00M | $232.00M | $213.00M | $293.00M | $257.00M |
| Canada Operating Segment | — | — | — | $201.00M | $216.00M | $218.00M | $198.00M | $189.00M |
| Asia Pacific Operating Segment | — | — | — | $65.00M | $85.00M | $101.00M | $116.00M | $80.00M |
| Corporate | — | — | — | $19.00M | $19.00M | $102.00M | $15.00M | $22.00M |
| Lower 48 | — | — | — | — | — | — | $1.46B | — |
| Other International | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total | $10.48B | $10.37B | $11.77B | $12.64B | $11.72B | $12.59B | $11.94B | — |
Other International was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's total operating expenses?
- ConocoPhillips (COP) reported total operating expenses of $11.94B in Q4 2025.
- How has ConocoPhillips's total operating expenses changed year-over-year?
- ConocoPhillips's total operating expenses increased by 1.5% year-over-year, from $11.77B to $11.94B.
- What is the long-term trend for ConocoPhillips's total operating expenses?
- Over 4 years (2021 to 2025), ConocoPhillips's total operating expenses has grown at a 8.2% compound annual growth rate (CAGR), from $35.64B to $48.89B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.