COP · Earnings call · 2026Q3T · Full report

Canada Fiscal Incentives

CONOCOPHILLIPS · 2026-11-05 · Importance 20 · Surprise 24

Management said it has not yet formalized an agreement arising from the trilateral MOU involving Canada’s federal and provincial governments. The company is positive about the MOU’s proposed fiscal incentives and is continuing negotiations on policy and regulatory proposals intended to incentivize growth. The incentives described include accelerated depreciation and support for capital and costs, which management said could improve the attractiveness of incremental investment at Surmont and Montney.

Key facts

• CONOCOPHILLIPS said fiscal incentives being negotiated in Canada included accelerated depreciation and support on both capital and costs.
• CONOCOPHILLIPS said it was positive about the fiscal incentives in the trilateral MOU but had not yet formalized the agreement and continued to negotiate.