COP · 10-Q · 2026Q2 · Full report
Liquidity and Cash Position
CONOCOPHILLIPS · 2026-08-06 · Importance 37 · Surprise 6 · From source text
At June 30, 2026, ConocoPhillips had total liquidity of $13.2 billion, including $6.6 billion of cash and cash equivalents, $1.1 billion of short-term investments, and $5.5 billion of available revolving-credit capacity. During the first six months of 2026, the company used $6.0 billion for capital expenditures and investments, $3.0 billion for share repurchases, and $2.1 billion for ordinary dividends. Management expects cash balances, operating cash flow, and external funding access to cover near- and long-term capital spending, capital returns, and debt payments.
Key facts
- Cash, cash equivalents and restricted cash at end of period (statement of cash flows) at June 30, 2026: $6,965 million; at June 30, 2025: $5,226 million. source
- Trade receivables included in accounts and notes receivable at June 30, 2026: $5,792 million compared with $4,416 million at December 31, 2025. source
- Accounts and notes receivable, net at June 30, 2026: $6,957 million; at December 31, 2025: $5,813 million. source
- At June 30, 2026, we had total liquidity of $13.2 billion, comprised of cash and cash equivalents of $6.6 billion, short-term investments of $1.1 billion and available borrowing capacity under our credit facility of $5.5 billion. source
- At June 30, 2026, investments and long-term receivables totaled $10,345 million and net properties, plants and equipment (net of accumulated DD&A of $95,966 and $90,396, respectively) was $91,248 million. source
- Obligor Group current assets were $8,723 million and noncurrent assets were $137,283 million at June 30, 2026. source
- Obligor Group current liabilities were $5,250 million and noncurrent liabilities were $81,140 million at June 30, 2026. source
- Amounts due from Non-Obligated Subsidiaries, current were $1,495 million and noncurrent were $13,007 million at June 30, 2026; amounts due to Non-Obligated Subsidiaries, current were $1,362 million and noncurrent were $58,915 million at June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.4% | Cash, cash equivalents and restricted cash at end of period (statement of cash flows) at June 30, 2026: $6,965 million; at June 30, 2025:… |
| assets | positive | realized | +1.1% | Trade receivables included in accounts and notes receivable at June 30, 2026: $5,792 million compared with $4,416 million at December 31,… |
| assets | positive | realized | +0.9% | Accounts and notes receivable, net at June 30, 2026: $6,957 million; at December 31, 2025: $5,813 million. |
| cash | positive | realized | — | At June 30, 2026, we had total liquidity of $13.2 billion, comprised of cash and cash equivalents of $6.6 billion, short-term investments… |