COP · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
CONOCOPHILLIPS · 2026-08-06 · Importance 64 · Surprise 56 · From source text
Second-quarter 2026 sales and other operating revenues increased 36.8% year over year to $19.161 billion from $14.004 billion, while six-month revenue increased 14.4% to $34.922 billion from $30.521 billion. Higher crude and bitumen prices contributed $3.730 billion of the quarterly increase and $3.988 billion of the six-month increase, partly offset by lower volumes of $409 million and $835 million, respectively. Crude oil generated $14.271 billion, or 74.5% of quarterly revenue, compared with $9.528 billion in the prior-year quarter, while natural gas revenue fell to $1.149 billion from $1.930 billion. U.S. revenue increased 33.3% to $14.851 billion in the quarter, while international revenue increased 50.3% to $4.310 billion.
Key facts
- Sales and other operating revenues for the three months ended June 30, 2026: $19,161 million; for the three months ended June 30, 2025: $14,004 million; for the six months ended June 30, 2026: $34,922 million; for the six months ended June 30, 2025: $30,521 million. source
- Total revenues and other income for the three months ended June 30, 2026: $19,522 million; for the three months ended June 30, 2025: $14,740 million; for the six months ended June 30, 2026: $35,576 million; for the six months ended June 30, 2025: $31,841 million. source
- Sales and other operating revenues increased $5,157 million for the three months and $4,401 million for the six months ended June 30, 2026, with higher crude and bitumen prices contributing $3,730 million and $3,988 million respectively. source
- Consolidated sales and other operating revenues for the three months ended June 30, 2026: $19,161 million. source
- Consolidated sales and other operating revenues for the six months ended June 30, 2026: $34,922 million. source
- Worldwide consolidated crude oil revenue for the three months ended June 30, 2026: $14,271 million. source
- Sales and other operating revenues by geographic location for the three months ended June 30, 2026: U.S. $14,851 million; International $4,310 million; Worldwide consolidated $19,161 million. source
- Worldwide consolidated natural gas revenue for the three months ended June 30, 2026: $1,149 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +28.5% | Sales and other operating revenues increased $5,157 million for the three months and $4,401 million for the six months ended June 30,… |
| revenue | positive | realized | +26.4% | Total revenues and other income for the three months ended June 30, 2026: $19,522 million; for the three months ended June 30, 2025:… |
| revenue | positive | realized | +24.3% | Sales and other operating revenues increased $5,157 million for the three months and $4,401 million for the six months ended June 30,… |
| revenue | positive | realized | +20.6% | Total revenues and other income for the three months ended June 30, 2026: $19,522 million; for the three months ended June 30, 2025:… |
| revenue | positive | realized | — | Consolidated sales and other operating revenues for the three months ended June 30, 2026: $19,161 million. |
| revenue | positive | realized | — | Consolidated sales and other operating revenues for the six months ended June 30, 2026: $34,922 million. |
| revenue | positive | realized | — | Worldwide consolidated crude oil revenue for the three months ended June 30, 2026: $14,271 million. |
| revenue | mixed | realized | — | Sales and other operating revenues by geographic location for the three months ended June 30, 2026: U.S. $14,851 million; International… |