COP · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness
CONOCOPHILLIPS · 2026-08-06 · Importance 54 · Surprise 14 · From source text
Total debt was $23.3 billion at June 30, 2026, down from $23.4 billion at December 31, 2025. The current portion of debt, including future finance-lease payments, was $0.5 billion, and the company retired $67 million of 6.875% notes at maturity during the first quarter. ConocoPhillips had $5.5 billion of undrawn revolving-credit capacity through February 2030 and reported investment-grade ratings of Fitch A, S&P A- and Moody’s A2, each with a stable outlook.
Key facts
- We have a revolving credit facility totaling $5.5 billion with a maturity date of February 2030 and letters of credit capacity of $500 million; with no commercial paper outstanding and no direct borrowings or letters of credit, we had access to $5.5 billion in available borrowing capacity under our revolving credit facility at June 30, 2026. source
- On July 1, 2026, we completed a $600 million remarketing of sub-series 2017D bonds that are part of the $1 billion St. John the Baptist Parish—Revenue Refunding Bonds Series 2017; the bonds are subject to an interest rate of 3.0% and a mandatory tender date of July 2, 2029 and are remarketable up to the 2037 maturity date. source
- Our debt balance at June 30, 2026, was $23.3 billion compared with $23.4 billion at December 31, 2025; the current portion of debt, including future payments for finance leases, is $0.5 billion at June 30, 2026. source
- Long-term debt at June 30, 2026: $22,828 million; at December 31, 2025: $22,424 million (balance sheet Long-term debt line). source
- Our debt balance at June 30, 2026, was $23.3 billion, compared with $23.4 billion at December 31, 2025. source
- Total debt was $23,290 million at June 30 and $23,444 million at December 31. source
- Total current liabilities at June 30, 2026: $12,452 million; total liabilities at June 30, 2026: $58,912 million. source
- In the first quarter of 2026, the company retired a principal amount of our 6.875% Notes at maturity (principal amount not specified in excerpt). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +0.1% | Our debt balance at June 30, 2026, was $23.3 billion compared with $23.4 billion at December 31, 2025; the current portion of debt,… |