COP · 10-Q · 2026Q3 · Full report
Capital Expenditures
CONOCOPHILLIPS · 2026-11-05 · Importance 42 · Surprise 14 · From source text
Capital expenditures and investments totaled $9.105 billion in the first nine months of 2026, compared with $9.530 billion in the same 2025 period. The 2026 spending included $2.797 billion in Alaska and $4.844 billion in Lower 48, with the remaining segment spending supporting Canada, Europe, Middle East and North Africa, and Asia Pacific. Projects included Alaska’s Western North Slope and Greater Kuparuk Area, Lower 48 development in the Delaware Basin, Eagle Ford, Midland Basin and Bakken, and continued development in China. Full-year 2026 operating-plan capital expenditure guidance was approximately $12 billion to $12.5 billion, versus $12.6 billion in 2025.
Key facts
- ConocoPhillips reported capital expenditures and investments of $9.105 billion for the nine months ended September 30, 2026, compared with $9.530 billion in 2025. source
- During the first nine months of 2026, CONOCOPHILLIPS invested $9.105 billion in capital expenditures and investments, compared with $9.530 billion in the corresponding 2025 period. source
- ConocoPhillips reinvested $3.1 billion in capital expenditures and investments in the third quarter of 2026, with over half related to flexible, short-cycle unconventional plays in the Lower 48. source
- During the first nine months of 2026, capital expenditures and investments supported Alaska activities including Western North Slope appraisal and development (including Willow), Greater Kuparuk development, and NPR-A exploration. source
- During the first nine months of 2026, capital expenditures and investments supported Lower 48 development primarily in the Delaware Basin, Eagle Ford, Midland Basin, and Bakken. source
- During the first nine months of 2026, capital expenditures and investments supported Montney appraisal and development and Surmont development and optimization in Canada. source
- During the first nine months of 2026, capital expenditures and investments supported development activities across assets in Norway and Libya. source
- During the first nine months of 2026, CONOCOPHILLIPS continued development activities in China and invested in global LNG operations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.3% | ConocoPhillips reported capital expenditures and investments of $9.105 billion for the nine months ended September 30, 2026, compared with… |