COP · 10-Q · 2026Q3 · Full report
LNG Offtake Expansion
CONOCOPHILLIPS · 2026-11-05 · Importance 39 · Surprise 50 · In source text
During the third quarter of 2026, ConocoPhillips entered into a commercial LNG agreement that expanded its commercial offtake portfolio from 12.2 MTPA to 13.2 MTPA. The filing describes this as an expansion of commercial offtake, but does not provide the agreement’s duration, counterparties or financial terms. Management also reported the expanded portfolio as approximately 13 MTPA in its quarterly summary.
Key facts
- ConocoPhillips entered into a commercial LNG agreement during the third quarter of 2026, increasing commercial offtake from 12.2 MTPA to 13.2 MTPA. source
- ConocoPhillips expanded its commercial LNG offtake portfolio to 13 MTPA. source
- ConocoPhillips’ equity method investment in APLNG had a carrying value of approximately $4.9 billion at September 30, 2026. source
- ConocoPhillips’ equity method investment in Port Arthur Liquefaction Holdings, LLC had a carrying value of approximately $1.7 billion at September 30, 2026. source
- ConocoPhillips holds a 47.5% shareholding interest in Australia Pacific LNG Pty Ltd. (APLNG). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | ConocoPhillips entered into a commercial LNG agreement during the third quarter of 2026, increasing commercial offtake from 12.2 MTPA to… |