Conocophillips (COP) Research & Development (2009 - 2026)

Conocophillips' (COP) quarterly Research & Development came in at $109.0 million in Q1 2026, down 6.84% year-on-year from $117.0 million in Q1 2025, and down 21.01% on a QoQ basis from $138.0 million in Q4 2025.

Conocophillips (COP) Research & Development (2009 - 2026) Analysis & Trends

Conocophillips (COP) has 18 years of Research & Development data on file, last reported at $109.0 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 6.84% year-over-year to $109.0 million in Q1 2026; TTM through Mar 2026 was $399.0 million, a 10.83% increase from a year earlier, with the FY2025 full-year figure at $407.0 million, up 14.65% from the prior year.
  • Research & Development for Q1 2026 stood at $109.0 million, down from $138.0 million in the prior quarter.
  • Over the last five years, Research & Development for COP reached as high as $143.0 million in Q2 2022 and fell as low as $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.
  • Across the five-year window, Research & Development jumped 150.88% in 2022 and tumbled 41.96% in 2023, its largest moves.
  • Year by year, Research & Development stood at $129.0 million in 2022, then slumped by 34.11% to $85.0 million in 2023, then retreated by 16.47% to $71.0 million in 2024, then soared by 94.37% to $138.0 million in 2025, then dropped by 21.01% to $109.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $109.0 million in Q1 2026, $138.0 million in Q4 2025, and $71.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 109.00 Mn
2 Eog Resources 74.61 Bn 70.76 Bn - 45.00 Mn
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn -
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 110.00 Mn
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn -
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 25.00 Mn
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 14.00 Mn
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn -

Historic Data

Download Data
DateValue
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
Jun 30, 2021 57.00 Mn