CONOCOPHILLIPS

ConocoPhillips announced a planned leadership succession, effective September 1, 2026. Andy O’Brien, current Executive Vice President, Strategy, Commercial and CFO, will become President and Chief Executive Officer and join the Board. Current Chairman, President and CEO Ryan M. Lance will retire from his executive roles and transition to Executive Chair of the Board. Additionally, Kontessa S. Haynes-Welsh will be promoted to Senior Vice President and Chief Financial Officer, and Greig Patterson will become Vice President, Finance and Controller. The company also detailed new compensatory arrangements for the incoming and transitioning executives.

ConocoPhillips reported strong financial results for Q2 2026, with net income significantly increasing to $3.93 billion and diluted EPS rising to $3.23. The company also announced the sale of noncore assets for approximately $1.7 billion and an agreement to acquire a 42% interest in Kirkuk oil fields for $0.4 billion. Additionally, the company continues collection efforts on an $8.5 billion arbitration award against Venezuela, having received $795 million to date.

ConocoPhillips announced strong second-quarter 2026 results, with earnings per share of $3.23 and adjusted earnings per share of $3.24. The company generated $7.2 billion in cash from operations and returned $3.0 billion to shareholders through repurchases and dividends, including a declared third-quarter dividend of $0.84 per share. Strategic achievements include exceeding its $5 billion asset disposition target, signing an agreement for a 42% interest in a Kirkuk joint venture, and expanding its LNG offtake to 12 MTPA, while reaffirming full-year guidance.

ConocoPhillips announced that Kelly B. Rose, Senior Vice President, Legal, General Counsel, and Corporate Secretary, will retire from her position. Her retirement is scheduled to become effective on September 1, 2026. The company stated that an announcement regarding her replacement will be made at a future date.

ConocoPhillips reported Q1 2026 revenues of $15.76 billion, a 4.6% decrease from the prior year, with net income falling 23.4% to $2.18 billion and diluted EPS at $1.78. Net cash provided by operating activities also decreased significantly to $4.30 billion. The company continued its capital allocation with $1.01 billion in share repurchases and $1.03 billion in dividends paid. Legal proceedings, including ongoing collection efforts for an $8.5 billion arbitration award against Venezuela, and climate change lawsuits, remain significant contingencies.

ConocoPhillips reported first-quarter 2026 earnings of $2.2 billion, or $1.78 per share, and adjusted earnings of $2.3 billion, or $1.89 per share, both down from the prior year. The company generated $5.4 billion in cash from operations and declared a second-quarter ordinary dividend of $0.84 per share. Total production for the quarter was 2,309 MBOED, a 1% decrease adjusted for acquisitions and dispositions. ConocoPhillips also updated its full-year production and capital guidance.

ConocoPhillips reported its Q3 2025 financial results, showing a net income of $1.73 billion, a decrease compared to the previous quarters and the prior year. The report details revenues, expenses, and earnings by segment, providing insights into the company's performance across different geographical regions and business areas.

ConocoPhillips reported its fourth-quarter and full-year 2025 results, showing a full-year revenue of $58.94 billion and net income of $7.99 billion. While revenue increased year-over-year, net income decreased, reflecting changes in various operating expenses and income tax provisions.