COP · 10-Q · 2026Q3 · Full report

Net Interest Expense Trends

CONOCOPHILLIPS · 2026-11-05 · Importance 45 · Surprise 64

Net interest expense was $34 million in Q3 2026, down from $152 million in Q3 2025, and $196 million for the first nine months of 2026, down from $402 million a year earlier. The decreases reflected higher interest income and higher capitalized interest. Net interest expense is stated net of interest income and capitalized interest.

Key facts

• Net interest expense decreased in the three- and nine-month periods ended September 30, 2026, due to higher interest income and higher capitalized interest. source