COP · 10-Q · 2026Q3 · Full report

Guidance and Outlook

CONOCOPHILLIPS · 2026-11-05 · Importance 48 · Surprise 24

ConocoPhillips forecast fourth-quarter 2026 production of 2.32 to 2.36 MMBOED. Full-year 2026 capital expenditures and depreciation, depletion and amortization guidance remained unchanged. The filing did not quantify the unchanged full-year guidance in this outlook passage.

Key facts

• ConocoPhillips expected fourth-quarter 2026 production of 2.32 to 2.36 MMBOED. source
• ConocoPhillips' Willow module fabrication scope was over 75% complete and the project remained on track for first oil in early 2029. source
• ConocoPhillips intends to appeal the June 9, 2026 Interior Board of Land Appeals decision upholding BSEE’s order to decommission facilities on OCS Lease P-0166, while continuing to evaluate its exposure. source
• U.S. Henry Hub prices were slightly lower year over year in the third quarter of 2026 as rising domestic production contributed to a well-supplied market; regional marker volatility remained a risk throughout 2026. source
• A federal securities class action against Concho Resources, its officers, and ConocoPhillips as Concho’s successor was certified as a class on April 7, 2025; ConocoPhillips says it is vigorously defending the litigation. source
• ConocoPhillips expects to incur a substantial amount of its U.S. and Canada environmental remediation expenditures within an unspecified number of years. source