COP · Earnings call · 2026Q3T · Full report

Norway Portfolio Review

CONOCOPHILLIPS · 2026-11-05 · Importance 46 · Surprise 42

Management confirmed that ConocoPhillips received an unsolicited offer for Norway and is evaluating offers for the asset, with no decision made. It described Norway as a strong cash-generating asset that the company is willing to retain if offers do not exceed expectations. The review is part of its ongoing process of evaluating assets and determining the best long-term value option.

Key facts

• CONOCOPHILLIPS received an unsolicited offer for its Norway asset and was evaluating offers, but had made no decision on Norway.
• CONOCOPHILLIPS said it had made no decisions on Norway and would keep the asset if it did not receive an offer exceeding its expectations.