Conocophillips (COP) Operating Expenses (2016 - 2025)

Conocophillips (COP) has disclosed Operating Expenses for 17 consecutive years, with $2.6 billion as the latest value for Q4 2025.

On a quarterly basis, Operating Expenses rose 13.41% to $2.6 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $10.3 billion, a 18.06% increase, with the full-year FY2025 number at $10.3 billion, up 18.06% from a year prior.
Operating Expenses was $2.6 billion for Q4 2025 at Conocophillips, roughly flat 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 $1.4 billion in Q2 2021.
A 5-year average of $2.0 billion and a median of $1.9 billion in 2023 define the central range for Operating Expenses.
Peak YoY movement for Operating Expenses: soared 44.24% in 2021, then increased 7.85% in 2023.
Conocophillips' Operating Expenses stood at $1.5 billion in 2021, then rose by 22.16% to $1.9 billion in 2022, then increased by 7.85% to $2.0 billion in 2023, then rose by 13.67% to $2.3 billion in 2024, then rose by 13.41% to $2.6 billion in 2025.
Per Business Quant, the three most recent readings for COP's Operating Expenses are $2.6 billion (Q4 2025), $2.6 billion (Q3 2025), and $2.6 billion (Q2 2025).

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