COP · 8-K · 20260806PR000030

Capital Return Program

CONOCOPHILLIPS · 2026-08-06 · Importance 89 · Surprise 82 · In source text

ConocoPhillips increased second-quarter 2026 shareholder distributions to $3.0 billion, comprising $2.0 billion of share repurchases and $1.0 billion of ordinary dividends. Share repurchases doubled from the prior quarter, and the company remains on track to return 45% of 2026 cash from operations. The company declared a third-quarter ordinary dividend of $0.84 per share, payable Sept. 1, 2026, to shareholders of record Aug. 17, 2026. In the first six months of 2026, the company repurchased $3.0 billion of shares and paid $2.1 billion in ordinary dividends.

Key facts

On track for 45% return of CFO in 2026. source
Repurchased $2.0 billion of shares in the quarter. source
Increased shareholder distributions to $3.0 billion, including $2.0 billion through share repurchases and $1.0 billion through the ordinary dividend. source
Declared third-quarter ordinary dividend of $0.84 per share, payable Sept. 1, 2026 to stockholders of record at the close of business on Aug. 17, 2026. source
Doubled share repurchases in the second quarter. source
Paid $1.0 billion in ordinary dividends in the quarter. source
In the first six months of 2026 the company repurchased $3.0 billion of shares. source
In the first six months of 2026 the company paid $2.1 billion in ordinary dividends. source

Impact estimates

metric	direction	stage	expected	basis
cash	negative	probable	—	On track for 45% return of CFO in 2026.
cash	negative	realized	—	Increased shareholder distributions to $3.0 billion, including $2.0 billion through share repurchases and $1.0 billion through the…
liability	negative	committed	—	Declared third-quarter ordinary dividend of $0.84 per share, payable Sept. 1, 2026 to stockholders of record at the close of business on…
cash	negative	realized	—	In the first six months of 2026 the company paid $2.1 billion in ordinary dividends.