Conocophillips (COP) Operating Expenses (2009 - 2026)

Conocophillips' Operating Expenses history runs 18 years deep, the most recent figure standing at $2.3 billion for Q1 2026.

• In Q1 2026, Operating Expenses fell 9.18% year-over-year to $2.3 billion; the TTM figure through Mar 2026 stood at $10.1 billion (up 9.29% YoY), while the FY2025 annual figure was $10.3 billion, up 18.06% from the prior year.
• Operating Expenses was $2.3 billion for Q1 2026 at Conocophillips, down from $2.6 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.6 billion in Q3 2025 to a low of $1.6 billion in Q1 2022.
• Historically, Operating Expenses has averaged $2.1 billion across 5 years, with a median of $2.0 billion in 2023.
• The sharpest annual moves came in 2022 and 2026: Operating Expenses rose 29.52% in 2022, then retreated 9.18% in 2026.
• A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then rose by 7.85% to $2.0 billion in 2023, then gained by 13.67% to $2.3 billion in 2024, then grew by 13.41% to $2.6 billion in 2025, then dropped by 13.16% to $2.3 billion in 2026.
• The last three Operating Expenses figures came in at $2.3 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.6 billion (Q3 2025), per Business Quant data.