Capital Expenditures for ConocoPhillips (COP)
According to ConocoPhillips's latest reported financial statements, the company's current capital expenditures (TTM) is $16.35B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$16.35B
YoY change
-75.1%
5Y CAGR
-8.5%
Peak year (2008)
$19.10B
Cumulative capital expenditures
$259.38B
CapEx history chart for ConocoPhillips (COP) from 1989 to 2025
CapEx history table for ConocoPhillips (COP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.02B | -75.1% | ||
| 2024 | $12.12B | +7.7% | ||
| 2023 | $11.25B | +10.7% | ||
| 2022 | $10.16B | +90.8% | ||
| 2021 | $5.32B | +12.9% | ||
| 2020 | $4.71B | -28.9% | ||
| 2019 | $6.64B | -1.7% | ||
| 2018 | $6.75B | +47.0% | ||
| 2017 | $4.59B | -5.7% | ||
| 2016 | $4.87B | -51.6% | ||
| 2015 | $10.05B | -41.2% | ||
| 2014 | $17.09B | +10.0% | ||
| 2013 | $15.54B | +9.6% | ||
| 2012 | $14.17B | +6.8% | ||
| 2011 | $13.27B | +35.9% | ||
| 2010 | $9.76B | -10.1% | ||
| 2009 | $10.86B | -43.1% | ||
| 2008 | $19.10B | +62.0% | ||
| 2007 | $11.79B | -24.4% | ||
| 2006 | $15.60B | +34.2% | ||
| 2005 | $11.62B | +22.4% | ||
| 2004 | $9.50B | +53.9% | ||
| 2003 | $6.17B | +40.6% | ||
| 2002 | $4.39B | +42.2% | ||
| 2001 | $3.08B | +52.6% | ||
| 2000 | $2.02B | +19.6% | ||
| 1999 | $1.69B | -17.6% | ||
| 1998 | $2.05B | +0.4% | ||
| 1997 | $2.04B | +32.3% | ||
| 1996 | $1.54B | +6.0% | ||
| 1995 | $1.46B | +26.2% | ||
| 1994 | $1.15B | -5.1% | ||
| 1993 | $1.22B | +5.6% | ||
| 1992 | $1.15B | -16.8% | ||
| 1991 | $1.39B | +0.1% | ||
| 1990 | $1.38B | +58.6% | ||
| 1989 | $872.00M | — |
CapEx values are taken from ConocoPhillips's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
ConocoPhillips (COP) most recent annual capital expenditures stands at $3.02B (2025) – plunged 75.1% year-over-year.
ConocoPhillips capital expenditures has contracted on net over the period, with a -8.5% compound annual growth rate over 2020–2025 (5 years).
ConocoPhillips capital expenditures plunged from $19.10B in 2008 to $3.02B in 2025, a 84.2% drawdown.
$19.10B stands as the all-time-high annual capital expenditures, posted in 2008, against a low of $872.00M during 1989.
ConocoPhillips (COP) sits 7th of 8 Energy peers we track on this metric, against a peer median of $5.50B.
ConocoPhillips Capital Expenditures by Year
ConocoPhillips Capital Expenditures 2025: $3.02B
ConocoPhillips capital expenditures in 2025 was $3.02B, plunged 75.1% below 2024.
ConocoPhillips Capital Expenditures 2024: $12.12B
ConocoPhillips capital expenditures in 2024 was $12.12B, grew 7.7% from 2023.
ConocoPhillips Capital Expenditures 2023: $11.25B
ConocoPhillips capital expenditures in 2023 was $11.25B, grew 10.7% from 2022.
ConocoPhillips Capital Expenditures 2022: $10.16B
ConocoPhillips capital expenditures in 2022 was $10.16B, surged 90.8% from 2021.
ConocoPhillips Capital Expenditures 2021: $5.32B
ConocoPhillips capital expenditures in 2021 was $5.32B.
See more financial history for ConocoPhillips (COP).
Sector peers — CapEx
Companies in the same sector as ConocoPhillips, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Chevron Corporation (CVX) | $17.35B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| Kinder Morgan, Inc. (KMI) | $3.03B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is ConocoPhillips's capital expenditures?
- Latest reported capital expenditures for ConocoPhillips (COP) is $16.35B (period ending December 31, 2025).
How has ConocoPhillips capital expenditures changed year-over-year?
- ConocoPhillips (COP) capital expenditures changed -75.1% year-over-year on the latest annual filing.
What is the long-term growth rate of ConocoPhillips capital expenditures?
- ConocoPhillips (COP) capital expenditures compound annual growth rate is -8.5% over the most recent 5 years available.
When did ConocoPhillips capital expenditures hit its highest annual value?
- ConocoPhillips capital expenditures reached its highest annual value of $19.10B in 2008.
What was ConocoPhillips capital expenditures in 2024?
- ConocoPhillips (COP) capital expenditures in 2024 was $12.12B.
What was ConocoPhillips capital expenditures in 2025?
- ConocoPhillips (COP) capital expenditures in 2025 was $3.02B.
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