Conocophillips (COP) Asset Utilization Ratio (2009 - 2026)
Conocophillips (COP) posted quarterly Asset Utilization Ratio of 0.47 for Q1 2026, up 3.45% year-over-year from 0.46 in Q1 2025, and down 1.4% quarter-over-quarter from 0.48 in Q4 2025.
Conocophillips (COP) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Asset Utilization Ratio for 18 consecutive years, with 0.47 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio rose 3.45% year-over-year to 0.47; the TTM figure through Mar 2026 stood at 0.47 (up 3.45% YoY), while the FY2025 annual figure was 0.48, down 3.78% from the prior year.
- Asset Utilization Ratio slipped to 0.47 in Q1 2026 per COP's latest filing, from 0.48 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.82 in Q4 2022 and bottomed at 0.43 in Q3 2024.
- Historically, Asset Utilization Ratio has averaged 0.57 across 5 years, with a median of 0.48 in 2025.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio jumped 107.65% — and 2023, when it slumped 44.99%.
- Conocophillips' Asset Utilization Ratio stood at 0.82 in 2022, then plunged by 44.99% to 0.45 in 2023, then advanced by 8.59% to 0.49 in 2024, then dropped by 2.14% to 0.48 in 2025, then decreased by 1.4% to 0.47 in 2026.
- Business Quant data shows COP's Asset Utilization Ratio at 0.47 in Q1 2026, 0.48 in Q4 2025, and 0.48 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 0.53 |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 0.50 |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 0.24 |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 0.39 |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 0.27 |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 0.23 |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 0.50 |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 0.47 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.53 |
| Mar 31, 2026 | 0.47 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.48 |
| Jun 30, 2025 | 0.46 |
| Mar 31, 2025 | 0.46 |
| Dec 31, 2024 | 0.49 |
| Sep 30, 2024 | 0.43 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.44 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.63 |
| Jun 30, 2023 | 0.70 |
| Mar 31, 2023 | 0.78 |
| Dec 31, 2022 | 0.82 |
| Sep 30, 2022 | 0.81 |
| Jun 30, 2022 | 0.72 |
| Mar 31, 2022 | 0.60 |
| Dec 31, 2021 | 0.52 |
| Sep 30, 2021 | 0.42 |