COP · Earnings call · 2026Q3T · Full report

Liquidity and Cash Position

CONOCOPHILLIPS · 2026-11-05 · Importance 31 · Surprise 6

ConocoPhillips ended the third quarter with $10.4 billion of cash and $1.1 billion of liquid long-term investments. Net debt to CFO improved to 0.5x, and management described the balance sheet as A-rated. Management also cited the strong balance sheet as flexibility supporting its capital-return framework.

Key facts

• CONOCOPHILLIPS ended the third quarter with $10.4 billion of cash and $1.1 billion of liquid long-term investments.
• CONOCOPHILLIPS’ net debt to CFO ratio improved to 0.5x at the end of the third quarter.