Conocophillips (COP) Acquisitions (2021 - 2024)
Conocophillips (COP) posted quarterly Acquisitions of $73.0 million for Q4 2024, down 97.32% year-over-year from $2.7 billion in Q1 2024, and up 248.98% quarter-over-quarter from -$49.0 million in Q1 2024.
Conocophillips (COP) Acquisitions (2021 - 2024) Analysis & Trends
Conocophillips (COP) has reported Acquisitions for 4 consecutive years, with $73.0 million the latest figure, recorded in Q4 2024.
- In Q4 2024, Acquisitions fell 97.32% year-over-year to $73.0 million; the TTM figure through Sep 2025 stood at $73.0 million (down 97.27% YoY), while the FY2024 annual figure was $24.0 million, down 99.12% from the prior year.
- Acquisitions improved to $73.0 million in Q4 2024 per COP's latest filing, from -$49.0 million in the prior quarter.
- Across five years, Acquisitions topped out at $8.7 billion in Q4 2021 and bottomed at -$764.0 million in Q2 2021.
- Historically, Acquisitions has averaged $1.4 billion across 4 years, with a median of $85.0 million in 2022.
- Annual changes were most pronounced in 2022 — Acquisitions plunged 109.69% — and 2023, when it jumped 2708.25%.
- Conocophillips' Acquisitions stood at $8.7 billion in 2021, then plunged by 98.88% to $97.0 million in 2022, then surged by 2708.25% to $2.7 billion in 2023, then plunged by 97.32% to $73.0 million in 2024.
- Business Quant data shows COP's Acquisitions at $73.0 million in Q4 2024, -$49.0 million in Q1 2024, and $2.7 billion in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Acquisitions (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | - |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | - |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | - |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | - |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 73.00 Mn |
| Mar 31, 2024 | -49.00 Mn |
| Dec 31, 2023 | 2.72 Bn |
| Dec 31, 2022 | 97.00 Mn |
| Mar 31, 2022 | -37.00 Mn |
| Dec 31, 2021 | 8.67 Bn |
| Jun 30, 2021 | -764.00 Mn |
| Mar 31, 2021 | 382.00 Mn |