Conocophillips (COP) Operating Expenses (2016 - 2026)

Conocophillips has reported Operating Expenses over the past 18 years, most recently at $2.3 billion for Q1 2026.

Quarterly Operating Expenses fell 9.18% to $2.3 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $10.1 billion through Mar 2026, up 9.29% year-over-year, with the annual reading at $10.3 billion for FY2025, 18.06% up from the prior year.
Operating Expenses was $2.3 billion for Q1 2026 at Conocophillips, down from $2.6 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.
The 5-year median for Operating Expenses is $2.0 billion (2023), against an average of $2.1 billion.
Year-over-year, Operating Expenses increased 29.52% in 2022 and then fell 9.18% in 2026.
A 5-year view of Operating Expenses shows it stood at $1.9 billion in 2022, then grew by 7.85% to $2.0 billion in 2023, then increased by 13.67% to $2.3 billion in 2024, then increased by 13.41% to $2.6 billion in 2025, then decreased by 13.16% to $2.3 billion in 2026.
Per Business Quant, the three most recent readings for COP's Operating Expenses are $2.3 billion (Q1 2026), $2.6 billion (Q4 2025), and $2.6 billion (Q3 2025).

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