Conocophillips (COP) Asset Utilization Ratio (2009 - 2026)
Conocophillips' (COP) quarterly Asset Utilization Ratio came in at 0.53 in Q2 2026, up 8.42% year-over-year from 0.49 in Q2 2025, and up 6.89% quarter-over-quarter from 0.49 in Q1 2026.
Analysis
Conocophillips (COP) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Asset Utilization Ratio for 18 consecutive years, with 0.53 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 8.42% year-over-year to 0.53 in Q2 2026; TTM through Jun 2026 was 0.53, a 8.42% increase from a year earlier, with the FY2025 full-year figure at 0.5, down 3.42% from the prior year.
- Asset Utilization Ratio was 0.53 for Q2 2026 at Conocophillips, up from 0.49 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.87 in Q4 2022 and troughed at 0.44 in Q3 2024.
- A 5-year average of 0.59 and a median of 0.51 in 2024 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio jumped 100.09% in 2022 and plunged 47.11% in 2024, its largest moves.
- Over 5 years, Asset Utilization Ratio stood at 0.87 in 2022, then slumped by 46.9% to 0.46 in 2023, then rose by 12.21% to 0.52 in 2024, then decreased by 2.96% to 0.5 in 2025, then grew by 4.96% to 0.53 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.53 (Q2 2026), 0.49 (Q1 2026), and 0.5 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 0.53 |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 0.50 |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 0.24 |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 0.39 |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 0.47 |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 0.31 |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 0.47 |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 0.48 |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 0.40 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.53 |
| Mar 31, 2026 | 0.49 |
| Dec 31, 2025 | 0.50 |
| Sep 30, 2025 | 0.51 |
| Jun 30, 2025 | 0.49 |
| Mar 31, 2025 | 0.48 |
| Dec 31, 2024 | 0.52 |
| Sep 30, 2024 | 0.44 |
| Jun 30, 2024 | 0.46 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.46 |
| Sep 30, 2023 | 0.68 |
| Jun 30, 2023 | 0.77 |
| Mar 31, 2023 | 0.85 |
| Dec 31, 2022 | 0.87 |
| Sep 30, 2022 | 0.84 |
| Jun 30, 2022 | 0.74 |
| Mar 31, 2022 | 0.62 |
| Dec 31, 2021 | 0.54 |
| Sep 30, 2021 | 0.44 |