COP · 8-K · 20260806PR000030
Guidance and Outlook
CONOCOPHILLIPS · 2026-08-06 · Importance 48 · Surprise 24 · In source text
ConocoPhillips expects third-quarter 2026 production of 2.29 million to 2.32 million barrels of oil equivalent per day. Management reaffirmed that all full-year 2026 guidance items remain unchanged. The company also said it remains on track to achieve a $7 billion free-cash-flow inflection by 2029.
Key facts
- Company is on track to achieve $7 billion free cash flow inflection by 2029. source
- Third-quarter 2026 production is expected to be 2.29 to 2.32 million barrels of oil equivalent per day. source
- All full-year guidance items remain unchanged (reaffirmed full-year guidance). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | — | Company is on track to achieve $7 billion free cash flow inflection by 2029. |
| revenue | positive | probable | — | Third-quarter 2026 production is expected to be 2.29 to 2.32 million barrels of oil equivalent per day. |