| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 18.1K | 34.0% | 43.3% |
| Total Income | 18.1K | 34.0% | 43.3% |
| Expenditure | 12.0K | 18.4% | 25.0% |
| PBT | 6.1K | 80.8% | 101.6% |
| Net Profit | 3.9K | 80.1% | 99.4% |
| OPM | — | ||
| NPM | 21.73% | 5.56pp | 6.12pp |
| EPS | 3.23 | 81.5% | 107.0% |
ConocoPhillips Reports Strong Second-Quarter 2026 Results
06 Aug 2026 · 6 Aug, 4:57 pm
Summary
ConocoPhillips announced strong second-quarter 2026 financial and operating results, reporting earnings of $3.9 billion ($3.23 per share) and adjusted earnings of $4.0 billion ($3.24 per share), a substantial increase compared to the second quarter of 2025. The company generated $7.4 billion in cash from operations, demonstrating robust financial performance. Shareholder distributions were significantly increased to $3.0 billion in the quarter, with a commitment to return 45% of CFO in 2026. Management highlighted exceptional operational performance and disciplined execution, reaffirming full-year guidance.
Key Highlights
- 1
ConocoPhillips reported second-quarter 2026 earnings of $3.9 billion, or $3.23 per share, a significant increase from $2.0 billion, or $1.56 per share, in the second quarter of 2025.
- 2
Adjusted earnings for the second quarter of 2026 were $4.0 billion, or $3.24 per share, compared to $1.8 billion, or $1.42 per share, in the prior year's second quarter.
- 3
The company generated $7.4 billion in cash provided by operating activities and $7.2 billion in cash from operations (CFO) for the second quarter of 2026.
- 4
Total shareholder distributions in the second quarter reached $3.0 billion, including $2.0 billion in share repurchases and $1.0 billion in ordinary dividends.
- 5
ConocoPhillips is on track to achieve its goal of returning 45% of CFO to shareholders in 2026.
- 6
The company declared a third-quarter ordinary dividend of $0.84 per share.
- 7
Full-year guidance items were reaffirmed.
Management Comments
Ryan Lance
ConocoPhillips delivered strong second-quarter results with exceptional operational performance, record production from our peer-leading Permian position and disciplined execution across the business, all while continuing to progress our strategic priorities. We doubled our quarterly share repurchases, achieved our $5 billion asset disposition target ahead of schedule, secured low cost of supply opportunities in the Middle East, and increased our LNG offtake to 12 MTPA. We are executing well, delivering on our strategy, and remain on track to achieve our $7 billion free cash flow inflection by 2029.
Informational and educational content only. Not investment advice.