COP · 10-Q · 2026Q3

CONOCOPHILLIPS

Filed 2026-11-05 · Energy · View original filing on EDGAR

Ranked Events

• LNG Purchase ObligationsImportance 66 · Surprise 48
  In 2026, ConocoPhillips increased future contractual purchase obligations by approximately $9 billion. The increase related to long-term LNG offtake contracts and vessels, as well as certain other capacity obligations.…
• Net Income and ProfitabilityImportance 65 · Surprise 64
  ConocoPhillips reported third-quarter 2026 net income of $4.001 billion, compared with $1.726 billion in the third quarter of 2025; nine-month net income rose to $10.115 billion from $6.546 billion. Third-quarter basic…
• Capital Expenditure GuidanceImportance 60 · Surprise 24
  ConocoPhillips expects 2026 operating-plan capital expenditures of approximately $12 billion to $12.5 billion. During the first nine months of 2026, capital expenditures and investments totaled $9.105 billion. Spending…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Cash provided by operating activities was $18.9 billion in the first nine months of 2026, compared with $15.5 billion in the corresponding period of 2025, an increase of $3.4 billion. Higher commodity prices drove the…
• Revenue Performance and MixImportance 59 · Surprise 48
  Third-quarter 2026 sales and other operating revenues increased $4.404 billion year over year to $19.435 billion; nine-month revenue rose $8.805 billion to $54.357 billion. Higher realized prices contributed $3.178…
• Strategic Cost ReductionImportance 58 · Surprise 42
  In the second half of 2025, ConocoPhillips announced incremental cost reductions and margin enhancements exceeding $1 billion on an anticipated run-rate basis by year-end 2026. Management said the initiatives reflect…
• Portfolio Reshaping (M&A / Divestiture)Importance 52 · Surprise 42
  In the third quarter of 2026, the company sold certain noncore Lower 48 assets for net proceeds of approximately $1.7 billion after customary adjustments; the assets had averaged about 24 MBOED of production in 2025.…
• Capital Return ProgramImportance 50 · Surprise 24
  ConocoPhillips returned $5.4 billion through share repurchases and paid $3.1 billion in ordinary dividends during the first nine months of 2026. It repurchased 45.6 million shares for $5.4 billion in that period;…
• Guidance and OutlookImportance 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…
• Asia Pacific Segment EarningsImportance 46 · Surprise 56
  Asia Pacific earnings were $528 million in Q3 2026, up from $309 million in Q3 2025, and $1.212 billion for the first nine months of 2026, up from $950 million a year earlier. Q3 earnings benefited from $92 million of…
• Net Interest Expense TrendsImportance 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…
• Middle East Conflict ImpactImportance 44 · Surprise 24
  The ongoing conflict involving Iran increased volatility in global energy markets and may elevate risks to regional operations, infrastructure and shipping routes. ConocoPhillips has investments in one producing Qatar…
• Qatar Supply ConstraintsImportance 44 · Surprise 24
  ConocoPhillips has investments in Qatar LNG facilities, including one producing asset and two projects under construction. Production from its Qatar investments remained constrained through the third quarter of 2026;…
• Venezuela Investment ConditionsImportance 44 · Surprise 24
  ConocoPhillips’ interests in the Petrozuata and Hamaca ventures and the offshore Corocoro project were expropriated by Venezuela in 2007. An ICSID tribunal awarded the company $8.5 billion plus interest, and an…
• Capital ExpendituresImportance 42 · Surprise 14
  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…
• Outstanding IndebtednessImportance 42 · Surprise 14
  Total debt was $23.262 billion at September 30, 2026, compared with $23.444 billion at December 31, 2025; the current portion, including future finance-lease payments, was $0.9 billion. The company had no commercial…
• Liquidity and Cash PositionImportance 41 · Surprise 22
  At September 30, 2026, ConocoPhillips had $7.765 billion of cash and cash equivalents, $2.164 billion of short-term investments and $15.4 billion of total liquidity, including $5.5 billion of available revolving-credit…
• Acquisitions and DivestituresImportance 40 · Surprise 42
  In July 2026, ConocoPhillips agreed to acquire a direct equity holding in a non-operated joint venture supporting redevelopment of four producing oil fields in the Kirkuk area of northern Iraq. The purchase price is…
• LNG Offtake ExpansionImportance 39 · Surprise 50
  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…
• Upstream Production VolumeImportance 37 · Surprise 32
  Third-quarter 2026 production was 2,302 MBOED, down 97 MBOED (4%) year over year; after adjusting for closed acquisitions and dispositions, it declined 40 MBOED (2%). Normal field decline drove decreases, partly offset…

Revenue by Product (in millions)

Revenue by Geography (in millions)