Conocophillips (COP) Capital Expenditures (2009 - 2026)
Conocophillips' (COP) quarterly Capital Expenditures came in at $3.0 billion in Q2 2026, down 7.97% year-over-year from $3.3 billion in Q2 2025, and up 2.58% quarter-over-quarter from $2.9 billion in Q1 2026.
Analysis
Conocophillips (COP) Capital Expenditures (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Capital Expenditures for 18 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 7.97% year-over-year to $3.0 billion in Q2 2026; TTM through Jun 2026 was $11.9 billion, a 8.03% decrease from a year earlier, with the FY2025 full-year figure at $12.6 billion, up 3.59% from the prior year.
- Capital Expenditures was $3.0 billion for Q2 2026 at Conocophillips, up from $2.9 billion in the prior quarter.
- Over five years, Capital Expenditures peaked at $3.4 billion in Q1 2025 and troughed at $2.0 billion in Q2 2022.
- A 5-year average of $2.9 billion and a median of $2.9 billion in 2023 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures soared 163.42% in 2022 and retreated 12.73% in 2026, its largest moves.
- Over 5 years, Capital Expenditures stood at $2.5 billion in 2022, then climbed by 13.82% to $2.9 billion in 2023, then gained by 15.05% to $3.3 billion in 2024, then decreased by 8.86% to $3.0 billion in 2025, then increased by 0.03% to $3.0 billion in 2026.
- The last three Capital Expenditures figures came in at $3.0 billion (Q2 2026), $2.9 billion (Q1 2026), and $3.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 3.02 Bn |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | -1.72 Bn |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 1.64 Bn |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 996.00 Mn |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 1.32 Bn |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 753.00 Mn |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 521.43 Mn |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 574.00 Mn |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 569.00 Mn |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 307.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.02 Bn |
| Mar 31, 2026 | 2.95 Bn |
| Dec 31, 2025 | 3.02 Bn |
| Sep 30, 2025 | 2.87 Bn |
| Jun 30, 2025 | 3.29 Bn |
| Mar 31, 2025 | 3.38 Bn |
| Dec 31, 2024 | 3.32 Bn |
| Sep 30, 2024 | 2.92 Bn |
| Jun 30, 2024 | 2.97 Bn |
| Mar 31, 2024 | 2.92 Bn |
| Dec 31, 2023 | 2.88 Bn |
| Sep 30, 2023 | 2.55 Bn |
| Jun 30, 2023 | 2.92 Bn |
| Mar 31, 2023 | 2.90 Bn |
| Dec 31, 2022 | 2.53 Bn |
| Sep 30, 2022 | 2.50 Bn |
| Jun 30, 2022 | 1.97 Bn |
| Mar 31, 2022 | 3.16 Bn |
| Dec 31, 2021 | 1.56 Bn |
| Sep 30, 2021 | 1.30 Bn |