COP · 8-K · 20260806PR000030

Net Income and Profitability

CONOCOPHILLIPS · 2026-08-06 · Importance 62 · Surprise 46 · In source text

Second-quarter 2026 earnings increased to $3.9 billion, or $3.23 per share, from $2.0 billion, or $1.56 per share, in the second quarter of 2025. Adjusted earnings increased to $4.0 billion, or $3.24 per share, from $1.8 billion, or $1.42 per share. Earnings and adjusted earnings increased primarily because the company’s total average realized price rose 36% to $62.33 per BOE from $45.77 per BOE. Six-month 2026 earnings rose to $6.1 billion from $4.8 billion, while adjusted earnings increased to $6.3 billion from $4.5 billion.

Key facts

• Company’s total average realized price for the quarter was $62.33 per BOE, 36% higher than $45.77 per BOE in second-quarter 2025. source
• Total realized price during the first six months was $56.37 per BOE, 14% higher than $49.54 per BOE in the first six months of 2025. source
• Second-quarter 2026 earnings were $3.9 billion, or $3.23 per share. source
• Second-quarter 2026 adjusted earnings were $4.0 billion, or $3.24 per share. source
• Six-month 2026 earnings were $6.1 billion, or $5.00 per share. source
• Six-month 2026 adjusted earnings were $6.3 billion, or $5.13 per share. source
• Earnings and adjusted earnings increased from the second quarter of 2025 primarily due to higher prices. source
• Reported second-quarter 2026 earnings per share of $3.23. source

Impact estimates