Conocophillips (COP) Research & Development (2009 - 2026)
Conocophillips (COP) posted quarterly Research & Development of $109.0 million for Q1 2026, down 6.84% year-over-year from $117.0 million in Q1 2025, and down 21.01% quarter-over-quarter from $138.0 million in Q4 2025.
Conocophillips (COP) Research & Development (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Research & Development for 18 consecutive years, with $109.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 6.84% year-over-year to $109.0 million; the TTM figure through Mar 2026 stood at $399.0 million (up 10.83% YoY), while the FY2025 annual figure was $407.0 million, up 14.65% from the prior year.
- Research & Development fell to $109.0 million in Q1 2026 per COP's latest filing, from $138.0 million in the prior quarter.
- Across five years, Research & Development topped out at $143.0 million in Q2 2022 and bottomed at $69.0 million in Q1 2022.
- Historically, Research & Development has averaged $99.9 million across 5 years, with a median of $92.0 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development soared 150.88% — and 2023, when it sank 41.96%.
- Conocophillips' Research & Development stood at $129.0 million in 2022, then slumped by 34.11% to $85.0 million in 2023, then declined by 16.47% to $71.0 million in 2024, then jumped by 94.37% to $138.0 million in 2025, then decreased by 21.01% to $109.0 million in 2026.
- Business Quant data shows COP's Research & Development at $109.0 million in Q1 2026, $138.0 million in Q4 2025, and $71.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 37.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | - |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 16.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.00 Mn |
| Mar 31, 2026 | 109.00 Mn |
| Dec 31, 2025 | 138.00 Mn |
| Sep 30, 2025 | 71.00 Mn |
| Jun 30, 2025 | 81.00 Mn |
| Mar 31, 2025 | 117.00 Mn |
| Dec 31, 2024 | 71.00 Mn |
| Sep 30, 2024 | 70.00 Mn |
| Jun 30, 2024 | 102.00 Mn |
| Mar 31, 2024 | 112.00 Mn |
| Dec 31, 2023 | 85.00 Mn |
| Sep 30, 2023 | 92.00 Mn |
| Jun 30, 2023 | 83.00 Mn |
| Mar 31, 2023 | 138.00 Mn |
| Dec 31, 2022 | 129.00 Mn |
| Sep 30, 2022 | 89.00 Mn |
| Jun 30, 2022 | 143.00 Mn |
| Mar 31, 2022 | 69.00 Mn |
| Dec 31, 2021 | 138.00 Mn |
| Sep 30, 2021 | 65.00 Mn |