Risk factors
ConocoPhillips (COP) risk factors
Item 1A of every ConocoPhillips 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors18 risks1 new3 dropped5 reworded
Dropping Marathon Oil integration risks shows the deal has stabilized. Updating 2025 WTI oil price ranges from $80 to $55 reflects falling commodity values. Removing VROC commentary highlights shifts in capital return strategies.
Filed Feb 17, 2026 - FY2024 10-K risk factors20 risks
ConocoPhillips faces dominant risks from commodity price volatility, reserve replacement challenges, and geopolitical uncertainties. Integration of the Marathon Oil acquisition and environmental compliance introduce significant additional operational complexities.
Filed Feb 18, 2025