COP · News · 20261106N
Free Cash Flow Outlook
CONOCOPHILLIPS · 2026-11-06 · Importance 50 · Surprise 24 · In source text
Management reaffirmed its target to improve free cash flow by $7 billion by 2029. For 2027, it expects modestly lower capital expenditures and low-single-digit underlying production growth, driven by the Lower 48. The company also cited a target to return 45% of cash from operations to shareholders.
Key facts
- ConocoPhillips reaffirmed its target to improve free cash flow by $7 billion by 2029. source
- ConocoPhillips generated approximately $4 billion in free cash flow in Q3 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | +4.7% | ConocoPhillips reaffirmed its target to improve free cash flow by $7 billion by 2029. |