COP · 10-Q · 2026Q2 · Full report

Qatar Supply Constraints

CONOCOPHILLIPS · 2026-08-06 · Importance 52 · Surprise 42

ConocoPhillips’ Qatar LNG investments were not damaged by Middle East tensions, but production remained constrained through the second quarter of 2026. The company warned that further escalation could disrupt regional operations, LNG transportation and construction activity. Qatar represented approximately 4% of total company production volumes in 2025, making the constraint material to the company’s global supply portfolio. The company is monitoring the situation while prioritizing personnel safety and operational integrity.

Key facts

• Qatar investments: ConocoPhillips has one producing LNG asset and two projects under construction in Qatar; production remained constrained through the second quarter of 2026 but investments were not damaged and there were no indications of impairment; production from Qatar investments was approximately 4% of total company production volumes in 2025. source