Conocophillips (COP) Operating Expenses (2009 - 2026)

Conocophillips (COP) has reported Operating Expenses for 18 consecutive years, with $2.4 billion the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses fell 5.48% year-over-year to $2.4 billion in Q2 2026; TTM through Jun 2026 was $10.0 billion, a 3.21% increase from a year earlier, with the FY2025 full-year figure at $10.3 billion, up 18.06% from the prior year.
• Operating Expenses was $2.4 billion for Q2 2026 at Conocophillips, up from $2.3 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $2.6 billion in Q3 2025 and troughed at $1.6 billion in Q1 2022.
• A 5-year average of $2.1 billion and a median of $2.1 billion in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses grew 29.52% in 2022 and declined 9.18% in 2026, its largest moves.
• Over 5 years, Operating Expenses stood at $1.9 billion in 2022, then climbed by 7.85% to $2.0 billion in 2023, then grew by 13.67% to $2.3 billion in 2024, then gained by 13.41% to $2.6 billion in 2025, then declined by 7.25% to $2.4 billion in 2026.
• The last three Operating Expenses figures came in at $2.4 billion (Q2 2026), $2.3 billion (Q1 2026), and $2.6 billion (Q4 2025), per Business Quant data.