COP · 10-Q · 2026Q2 · Full report

Upstream Production Volume

CONOCOPHILLIPS · 2026-08-06 · Importance 43 · Surprise 32 · In source text

Second-quarter 2026 production declined 143 MBOED, or 6%, year over year to 2,248 MBOED, while six-month production declined 113 MBOED, or 5%, to 2,278 MBOED. After adjusting for closed acquisitions and dispositions, quarterly production decreased 98 MBOED, or 4%, and six-month production decreased 57 MBOED, or 4%. Normal field decline drove the reductions, while new wells in the Lower 48, Canada, Alaska, China, Australia and Libya partly offset the declines. Lower 48 production fell 29 MBOED to 1,479 MBOED in the quarter, and Canada production fell 39 MBOED, while Europe, Middle East and North Africa production increased 7 MBOED.

Key facts

• Production in the second quarter of 2026: 2,248 MBOED, a decrease of 143 MBOED from the same period a year ago. source
• After adjusting for closed acquisitions and dispositions, second-quarter 2026 production decreased by 98 MBOED or four percent from the same period a year ago. source
• Total company production in the six-month period ended June 30, 2026: 2,278 MBOED, a decrease of 113 MBOED or five percent from the same period a year ago. source
• Consolidated total company production delivered in the second quarter of 2026: 2,248 MBOED and Lower 48 production: 1,479 MBOED. source
• Average consolidated production remained flat in the three-month period and decreased three MBOED in the six-month period ended June 30, 2026. source
• Production decreases were primarily due to normal field decline. source

Impact estimates