Conocophillips (COP) Asset Writedowns and Impairment (2009 - 2026)
Conocophillips' (COP) quarterly Asset Writedowns and Impairment came in at $2.0 million in Q2 2026, up 100.0% year-over-year from $1.0 million in Q2 2025, and down 89.47% quarter-over-quarter from $19.0 million in Q1 2026.
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Analysis
Conocophillips (COP) Asset Writedowns and Impairment (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Asset Writedowns and Impairment for 18 consecutive years, with $2.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Asset Writedowns and Impairment rose 100.0% year-over-year to $2.0 million in Q2 2026; TTM through Jun 2026 was $45.0 million, a 6.25% decrease from a year earlier, with the FY2025 full-year figure at $26.0 million, down 67.5% from the prior year.
- Asset Writedowns and Impairment was $2.0 million for Q2 2026 at Conocophillips, down from $19.0 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $46.0 million in Q4 2024 and troughed at -$18.0 million in Q4 2022.
- A 5-year average of $8.6 million and a median of $2.0 million in 2022 frame the typical range for Asset Writedowns and Impairment.
- Across the five-year window, Asset Writedowns and Impairment sank 102.62% in 2022 and surged 2200.0% in 2024, its largest moves.
- Over 5 years, Asset Writedowns and Impairment stood at -$18.0 million in 2022, then surged by 111.11% to $2.0 million in 2023, then surged by 2200.0% to $46.0 million in 2024, then tumbled by 69.57% to $14.0 million in 2025, then sank by 85.71% to $2.0 million in 2026.
- The last three Asset Writedowns and Impairment figures came in at $2.0 million (Q2 2026), $19.0 million (Q1 2026), and $14.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 153.22 Bn | 145.53 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 100.56 Bn | 98.67 Bn | 8.84 Bn |
| 3 | Eog Resources | 74.16 Bn | 69.25 Bn | - |
| 4 | Diamondback Energy | 53.10 Bn | 58.73 Bn | 5.55 Bn |
| 5 | Devon Energy | 52.37 Bn | 51.36 Bn | 6.02 Bn |
| 6 | Expand Energy | 20.29 Bn | 19.03 Bn | 2.33 Bn |
| 7 | Permian Resources | 18.41 Bn | 18.15 Bn | - |
| 8 | Ovintiv | 16.64 Bn | 15.76 Bn | 2.83 Bn |
| 9 | Apa | 15.35 Bn | 15.83 Bn | 2.28 Bn |
| 10 | Antero Resources | 10.48 Bn | 9.91 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.00 Mn |
| Mar 31, 2026 | 19.00 Mn |
| Dec 31, 2025 | 14.00 Mn |
| Sep 30, 2025 | 10.00 Mn |
| Jun 30, 2025 | 1.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | 46.00 Mn |
| Jun 30, 2024 | 34.00 Mn |
| Dec 31, 2023 | 2.00 Mn |
| Sep 30, 2023 | 11.00 Mn |
| Mar 31, 2023 | 1.00 Mn |
| Dec 31, 2022 | -18.00 Mn |
| Sep 30, 2022 | 2.00 Mn |
| Jun 30, 2022 | 2.00 Mn |
| Mar 31, 2022 | 2.00 Mn |
| Dec 31, 2021 | 688.00 Mn |
| Sep 30, 2021 | -89.00 Mn |
| Jun 30, 2021 | 2.00 Mn |
| Mar 31, 2021 | -3.00 Mn |
| Dec 31, 2020 | 287.00 Mn |
API Access
Conocophillips Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "COP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();