Conocophillips (COP) Research & Development (2009 - 2026)
Conocophillips' (COP) quarterly Research & Development came in at $75.0 million in Q2 2026, down 7.41% year-over-year from $81.0 million in Q2 2025, and down 31.19% quarter-over-quarter from $109.0 million in Q1 2026.
Analysis
Conocophillips (COP) Research & Development (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Research & Development for 18 consecutive years, with $75.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 7.41% year-over-year to $75.0 million in Q2 2026; TTM through Jun 2026 was $393.0 million, a 15.93% increase from a year earlier, with the FY2025 full-year figure at $407.0 million, up 14.65% from the prior year.
- Research & Development was $75.0 million for Q2 2026 at Conocophillips, down from $109.0 million in the prior quarter.
- Over five years, Research & Development peaked at $143.0 million in Q2 2022 and troughed at $69.0 million in Q1 2022.
- A 5-year average of $98.6 million and a median of $90.5 million in 2022 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 150.88% in 2022 and slumped 41.96% in 2023, its largest moves.
- Over 5 years, Research & Development stood at $129.0 million in 2022, then slumped by 34.11% to $85.0 million in 2023, then slipped by 16.47% to $71.0 million in 2024, then surged by 94.37% to $138.0 million in 2025, then tumbled by 45.65% to $75.0 million in 2026.
- The last three Research & Development figures came in at $75.0 million (Q2 2026), $109.0 million (Q1 2026), and $138.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn | 75.00 Mn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - | 47.00 Mn |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn | - |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn | 16.00 Mn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn | 16.00 Mn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - | 9.77 Mn |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn | - |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn | 58.00 Mn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn | - |
Historic Data
Download Data
Historic 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 |