COP · 10-Q · 2026Q2 · Full report
Operating Cash Flow Trends
CONOCOPHILLIPS · 2026-08-06 · Importance 59 · Surprise 48 · From source text
Operating cash provided was $11.7 billion in the six months ended June 30, 2026, up from $9.6 billion in the comparable 2025 period. The $2.1 billion increase was driven by higher commodity prices and partly offset by working-capital timing. Cash flows remain highly sensitive to crude oil, bitumen, natural gas, LNG and NGL prices, while production volume and product-location mix also affect results.
Key facts
- Net cash provided by operating activities for the six months ended June 30, 2026: $11,729 million; for the six months ended June 30, 2025: $9,600 million. source
- Second-quarter 2026 production resulted in $7.4 billion of cash provided by operating activities. source
- Cash provided by operating activities totaled $11.7 billion for the first six months of 2026 compared with $9.6 billion for the corresponding period of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.7% | Net cash provided by operating activities for the six months ended June 30, 2026: $11,729 million; for the six months ended June 30, 2025:… |
| cash | positive | realized | — | Second-quarter 2026 production resulted in $7.4 billion of cash provided by operating activities. |