Conocophillips (COP) Capital Expenditures (2009 - 2026)

Conocophillips (COP) recorded quarterly Capital Expenditures of $2.9 billion in Q1 2026, down 2.48% quarter-over-quarter from $3.0 billion in Q4 2025, and down 12.73% on a YoY basis from $3.4 billion in Q1 2025.

Conocophillips (COP) Capital Expenditures (2009 - 2026) Analysis & Trends

Conocophillips' Capital Expenditures history runs 18 years deep, the most recent figure standing at $2.9 billion for Q1 2026.

  • In Q1 2026, Capital Expenditures fell 12.73% year-over-year to $2.9 billion; the TTM figure through Mar 2026 stood at $12.1 billion (down 3.63% YoY), while the FY2025 annual figure was $12.6 billion, up 3.59% from the prior year.
  • Capital Expenditures was $2.9 billion for Q1 2026 at Conocophillips, down from $3.0 billion in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $11.9 billion in Q4 2023 to a low of -$6.4 billion in Q3 2023.
  • Historically, Capital Expenditures has averaged $2.9 billion across 5 years, with a median of $2.9 billion in 2026.
  • Biggest YoY gain for Capital Expenditures was 4315.25% in 2022; the steepest drop was 13817.65% in 2022.
  • A 5-year view of Capital Expenditures shows it stood at $2.5 billion in 2022, then surged by 368.26% to $11.9 billion in 2023, then slumped by 72.03% to $3.3 billion in 2024, then declined by 8.86% to $3.0 billion in 2025, then fell by 2.48% to $2.9 billion in 2026.
  • The last three Capital Expenditures figures came in at $2.9 billion (Q1 2026), $3.0 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Woodside Energy 631.53 Bn 625.59 Bn - 1.81 Bn
2 Canadian Natural Resources 402.73 Bn 402.73 Bn 6.72 Bn -1.53 Bn
3 Conocophillips 145.39 Bn 139.02 Bn 9.48 Bn 2.95 Bn
4 Eog Resources 74.61 Bn 70.76 Bn - 153.00 Mn
5 Occidental Petroleum 57.00 Bn 53.82 Bn 4.87 Bn 25.00 Mn
6 Diamondback Energy 56.03 Bn 62.20 Bn 4.22 Bn 933.00 Mn
7 Vista Energy, S.A.B. de C.V 36.26 Bn 35.65 Bn 472.36 Mn -
8 Eqt 33.02 Bn 36.36 Bn 2.98 Bn 598.51 Mn
9 Vermilion Energy 32.76 Bn 32.57 Bn 370.10 Mn 98.14 Bn
10 Devon Energy 27.78 Bn 27.78 Bn 3.61 Bn 839.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.95 Bn
Mar 31, 2026 2.95 Bn
Dec 31, 2025 3.02 Bn
Dec 31, 2025 3.02 Bn
Sep 30, 2025 2.87 Bn
Sep 30, 2025 2.87 Bn
Jun 30, 2025 3.29 Bn
Jun 30, 2025 3.29 Bn
Mar 31, 2025 3.38 Bn
Mar 31, 2025 3.38 Bn
Dec 31, 2024 3.32 Bn
Dec 31, 2024 3.32 Bn
Sep 30, 2024 2.92 Bn
Sep 30, 2024 2.92 Bn
Jun 30, 2024 2.97 Bn
Jun 30, 2024 2.97 Bn
Mar 31, 2024 2.92 Bn
Mar 31, 2024 2.92 Bn
Dec 31, 2023 11.86 Bn
Dec 31, 2023 11.86 Bn