COP · Earnings call · 2026Q3T · Full report

Upstream Production Volume

CONOCOPHILLIPS · 2026-11-05 · Importance 65 · Surprise 32

Third-quarter production was 2.302 million barrels of oil equivalent per day. Fourth-quarter production guidance is 2.32 million to 2.36 million barrels of oil equivalent per day, putting expected full-year 2026 production at approximately 2.3 million barrels of oil equivalent per day. Management expects another year of low-single-digit underlying production growth in 2027, driven by the Lower 48.

Key facts

• CONOCOPHILLIPS expected fourth-quarter 2026 production to average between 2.32 million and 2.36 million barrels of oil equivalent per day.
• CONOCOPHILLIPS expected full-year 2026 production to be around 2.3 million barrels of oil equivalent per day.
• CONOCOPHILLIPS expected another year of low-single-digit underlying production growth in 2027, driven by the Lower 48.
• CONOCOPHILLIPS expected sequential growth in Lower 48 production in the fourth quarter of 2026.
• CONOCOPHILLIPS produced 2.302 million barrels of oil equivalent per day in the third quarter of 2026.