COP · 10-Q · 2026Q2 · Full report

Geographic Production Performance

CONOCOPHILLIPS · 2026-08-06 · Importance 20 · Surprise 24

Alaska production declined 20 MBOED in the quarter and 17 MBOED for the first six months, primarily from normal field decline, partly offset by new wells. Canada production fell 39 MBOED in the quarter and 29 MBOED year to date because of higher variable royalties at Surmont following a post-payout event and normal decline; Montney wells provided an offset. EMENA production increased 7 MBOED in the quarter due to the absence of Greater Ekofisk Area turnarounds and improved performance in Equatorial Guinea, Libya and Norway. Asia Pacific earnings benefited from higher realized prices, with operations spanning China, Malaysia and Australia.

Key facts

• Lower 48 contributed 69% of consolidated liquids production and 74% of consolidated natural gas production as of June 30, 2026. source
• At June 30, 2026, ConocoPhillips employed approximately 9,600 people worldwide and had total assets of $124 billion. source
• Production decreases were offset in the three-month period and partly offset in the six-month period by development activity in Bohai Bay in China. source
• Alaska segment contributed 11% of consolidated liquids production and 1% of consolidated natural gas production as of June 30, 2026. source
• Canada contributed 8% of consolidated liquids production and 4% of consolidated natural gas production as of June 30, 2026. source
• Asia Pacific contributed 4% of consolidated liquids production and 3% of consolidated natural gas production as of June 30, 2026. source