COP · 8-K · 20261105PR000043

Guidance and Outlook

CONOCOPHILLIPS · 2026-11-05 · Importance 62 · Surprise 42

Management said it remains on track to deliver a $7 billion free cash flow inflection by 2029 and expects continued CFO and free cash flow growth well into the next decade. Fourth-quarter 2026 production guidance is 2.32 to 2.36 million barrels of oil equivalent per day. Full-year capital expenditure and adjusted operating cost guidance remained unchanged.

Key facts

• ConocoPhillips expected fourth-quarter 2026 production of 2.32 to 2.36 million barrels of oil equivalent per day. source
• ConocoPhillips advanced Willow critical path items, with module fabrication scope over 75% complete, and remained on track for first oil in early 2029. source
• ConocoPhillips’ Surmont Pad 104W-B in Canada achieved first production ahead of schedule and under budget. source
• ConocoPhillips’ full-year capital expenditures and adjusted operating cost guidance remained unchanged. source