COP · News · 20261106N
Capital Expenditures and Cash Flow
CONOCOPHILLIPS · 2026-11-06 · Importance 50 · Surprise 24 · In source text
ConocoPhillips generated approximately $4 billion of free cash flow and $7.2 billion of cash from operations in Q3 2026, while capital expenditures were $3.1 billion. Management reaffirmed a target to improve free cash flow by $7 billion by 2029. Preliminary expectations call for modestly lower capital expenditures in 2027, alongside low-single-digit underlying production growth driven by the Lower 48.
Key facts
- ConocoPhillips generated $7.2 billion in cash from operations in Q3 2026. source
- ConocoPhillips reported $3.1 billion in capital expenditures in Q3 2026. source
- ConocoPhillips expected modestly lower capital spending in 2027. source
- ConocoPhillips expected lower per-unit operating costs in 2027. source
- ConocoPhillips expected modestly lower capital expenditures in 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.5% | ConocoPhillips reported $3.1 billion in capital expenditures in Q3 2026. |