Form 10-Q · Quarterly report
ConocoPhillips 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0001163165
- Accession no.
- 0001163165-26-000045
Summary
ConocoPhillips reported third-quarter 2026 earnings per share of $3.34, generated $7.2 billion in operating cash flow, and raised its quarterly ordinary dividend 11% to $0.93 per share. The company also agreed to acquire a 42% stake in a BP joint venture redeveloping four oil fields in Iraq's Kirkuk area and said it is evaluating a potential sale of its Norway business and Teesside asset after an unsolicited offer.
Key points
- ConocoPhillips reported third-quarter 2026 production of 2,302 MBOED, a decrease of 97 MBOED, or 4%, from the same period a year earlier.
- The company achieved its $5 billion disposition target after selling noncore Lower 48 assets for approximately $1.7 billion in the third quarter of 2026.
- In July 2026, ConocoPhillips agreed with a BP subsidiary to acquire a 42% equity holding in a non-operated joint venture for four producing oil fields in northern Iraq's Kirkuk area, with closing expected by the end of 2026.
- ConocoPhillips declared an 11% increase in its quarterly ordinary dividend, from $0.84 to $0.93 per share, in November 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview At ConocoPhillips, we anticipate that commodity prices will continue to be cyclical and volatile, and our view is that a successful business strategy in the E&P industry must be resilient in lower price environments while also retaining upside during periods of higher prices. As such, we are unhedged, remain committed to our disciplined investment framework and continually monitor market fundamentals, including the impacts associated with geopolitical tensions and conflicts, global demand for our products, oil and gas inventory levels, governmental policies, tariffs, inflation and supply chain disruptions. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.