ConocoPhillips (COP) SEC Filings & Earnings Calls
EquiReason read 11 ConocoPhillips SEC filings in the last 12 months. Latest: 8-K on 2026-08-11 — Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this report.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 181.2B
- P/E TTM
- 19.9
- Dividend yield
- 2.2%
- 52-week
- —
- Next earnings
- 5 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
11 Aug 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Leadership transition risk with departure of key executive
“Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.”
6 Aug 20268-K · 2.02ConocoPhillips Q2 2026 earnings: net income $3,931M vs $1,971M YoY; revenue $19,522M vs $14,740M; adjusted earnings $3,951M; strong operational performance across segments.earningsopen
Figures in the filing · each found in the filing text
| Sales and other operating revenues · Q2-2026 | $19.16B | +37% y/y |
| Net income · Q2-2026 | $3.93B | +99% y/y |
| Adjusted earnings · Q2-2026 | $3.95B | +120% y/y |
| Diluted EPS · Q2-2026 | $3.23 | +107% y/y |
| Lower 48 earnings · Lower 48 · Q2-2026 | $2.58B | +85% y/y |
| Alaska earnings · Alaska · Q2-2026 | $522M | +287% y/y |
| Canada earnings · Canada · Q2-2026 | $320M | +115% y/y |
| Europe, Middle East and North Africa earnings · Europe, Middle East and North Africa · Q2-2026 | $346M | +46% y/y |
| Asia Pacific earnings · Asia Pacific · Q2-2026 | $389M | +18% y/y |
| Ending common shares outstanding · Q2-2026 | 1,201,337,000 |
Risks flagged
High effective tax rate in Europe, Middle East and North Africa (74.9%) may pressure earnings
“Europe, Middle East and North Africa effective tax rate 74.9%”
6 Aug 202610-QConocoPhillips reported Q2 2026 earnings per share of $3.23, with strong cash flow and shareholder returns, while reaffirming full-year guidance.earningsopen
Figures in the filing · each found in the filing text
| Total Production · Q2-2026 | 2,248 | -6% y/y |
| Average Realized Crude Oil Price · Q2-2026 | $99.40 | +55% y/y |
| Average Realized Natural Gas Price · Q2-2026 | $2.58 | -38% y/y |
| Average Realized Total Price · Q2-2026 | $62.33 | +36% y/y |
| Cash Provided by Operating Activities · Q2-2026 | $7.40B | |
| Share Repurchases · Q2-2026 | $2.00B | |
| Ordinary Dividend · Q2-2026 | $1.00B | |
| Capital Expenditures and Investments · Q2-2026 | $3.00B | |
| Lower 48 Production · Lower 48 · Q2-2026 | 1,479 | |
| LNG Offtake · Q2-2026 | 12.2 | +20% y/y |
Guidance
Q3 2026 production guided 2.29-2.32 MMBOED; all full-year guidance items unchanged
Management reaffirmed all full-year guidance items and provided Q3 2026 production guidance of 2.29-2.32 MMBOED.
Risks flagged
Middle East Geopolitical Risk
“Geopolitical tensions in the Middle East, including the ongoing conflict involving Iran, have increased volatility in global energy markets and may elevate risks to regional operations, infrastructure and shipping routes.” · word for word
Natural Gas Price Weakness
“U.S. Henry Hub prices decreased relative to the first quarter of 2026 due to seasonally softer demand coupled with rising domestic production and above normal inventory levels.” · word for word
23 Jun 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Key legal officer departure creates temporary leadership gap; replacement not yet named.
“Ms. Rose's replacement will be announced at a later time.” · word for word
30 Apr 20268-K · 2.02Sales and other operating revenues $15.76B (-5% y/y); Net income $2.18B (-23% y/y); Adjusted earnings $2.32B (-13% y/y)earningsopen
Figures in the filing · each found in the filing text
| Sales and other operating revenues · Q1-2026 | $15.76B | -5% y/y |
| Net income · Q1-2026 | $2.18B | -23% y/y |
| Adjusted earnings · Q1-2026 | $2.32B | -13% y/y |
| Diluted earnings per share · Q1-2026 | $1.78 | -20% y/y |
| Adjusted diluted EPS · Q1-2026 | $1.90 | |
| Segment earnings - Alaska · Alaska · Q1-2026 | $294M | -10% y/y |
| Segment earnings - Lower 48 · Lower 48 · Q1-2026 | $1.40B | -22% y/y |
| Segment earnings - Canada · Canada · Q1-2026 | $85M | -67% y/y |
| Segment earnings - EMENA · Europe, Middle East and North Africa · Q1-2026 | $265M | -37% y/y |
| Segment earnings - Asia Pacific · Asia Pacific · Q1-2026 | $295M | -5% y/y |
Risks flagged
Significant YoY earnings decline across most segments, particularly Canada (-67%) and EMENA (-37%).
“Canada earnings $85M vs $256M; EMENA $265M vs $419M.”
Effective tax rate increased in EMENA (73.2% vs 68.8%) and Corporate (42.8% vs 12.7%).
“EMENA effective tax rate 73.2%; Corporate 42.8%.”
30 Apr 202610-QTotal Production 2,309,000 (-3% y/y); Cash Provided by Operating Activities $4.30B; Share Repurchases $1.00B; Guidance: Full-year production expected to be 2.295 to 2.325 MMBOED; capital spending $12 to $12.5 billionopen
Figures in the filing · each found in the filing text
| Total Production · Consolidated · Q1-2026 | 2,309,000 | -3% y/y |
| Cash Provided by Operating Activities · Consolidated · Q1-2026 | $4.30B | |
| Share Repurchases · Consolidated · Q1-2026 | $1.00B | |
| Ordinary Dividend · Consolidated · Q1-2026 | $1.00B | |
| Capital Expenditures and Investments · Consolidated · Q1-2026 | $2.90B | |
| Average Realized Price - Total · Consolidated · Q1-2026 | $50.36 | -6% y/y |
| Average Realized Price - Crude Oil · Consolidated · Q1-2026 | $73.47 | +3% y/y |
| Average Realized Price - Natural Gas · Consolidated · Q1-2026 | $4.09 | -27% y/y |
| Average Realized Price - Bitumen · Consolidated · Q1-2026 | $50.37 | +11% y/y |
| Earnings Per Share · Consolidated · Q1-2026 | $1.78 |
Guidance
Full-year production expected to be 2.295 to 2.325 MMBOED; capital spending $12 to $12.5 billion
Full-year production and capital guidance updated, operating cost guidance unchanged. Qatar excluded from Q2 guidance.
Risks flagged
Middle East Geopolitical Risk
“Geopolitical tensions in the Middle East, including the ongoing conflict involving Iran, have increased volatility in global energy markets and may elevate risks to regional operations, infrastructure and shipping routes.” · word for word
Qatar Production Exclusion
“For the second quarter, the company is excluding Qatar from production guidance, given uncertainty surrounding the conflict in the Middle East.” · word for word
Commodity Price Volatility
“Commodity prices are the most significant factor impacting our profitability and related returns on and of capital to our shareholders.” · word for word
30 Mar 2026DEF 14AConocoPhillips filed its 2026 proxy statement (DEF 14A) detailing executive compensation, governance, and shareholder proposals.open
Figures in the filing · each found in the filing text
| Adjusted ROCE · FY2025 | 10.0% | |
| Production · FY2025 | 2,375 | |
| Capital Expenditures · FY2025 | $12.60B | |
| Operating and Overhead Costs · FY2025 | $10.70B | |
| Share Repurchases · FY2025 | $5.00B | |
| Dividends Paid · FY2025 | $4.00B | |
| Cash from Operations · FY2025 | $19.90B | |
| Free Cash Flow · FY2025 | $7.30B | |
| Net Income · FY2025 | $7.99B | |
| Adjusted Earnings · FY2025 | $7.70B |
Risks flagged
Commodity Price Volatility
“The HRCC believes that increasingly challenging performance metrics best assess ConocoPhillips' performance relative to its strategy as an independent E&P company. Increasingly challenging targets can mean year-over-year performance target increases for safety, efficiency, emissions reduction, unit cost targets and margins. However, it can also mean the same” · word for word
Climate Transition Risk
“Oil and natural gas are expected to remain essential parts of the energy supply mix in coming decades across a broad range of energy demand scenarios. We intend to maintain our key market role through remaining competitive and resilient to transition-related risks in any scenario.” · word for word
Operational Risk (HSE)
“Everything we do depends on safely executing our business plans and operating to high standards of health, safety and environmental (HSE) stewardship. We view this as our fundamental license to operate.” · word for word
17 Feb 202610-KTotal production 2,375; Proved reserves 7,637 (-2% y/y)open
Figures in the filing · each found in the filing text
| Total production · FY2025 | $2375.00 | |
| Proved reserves · 2025-12-31 | $7637.00 | -2% y/y |
Risks flagged
Commodity price volatility
“For example, over the course of 2025, WTI crude oil prices ranged from a high of $80 per barrel in January to a low of $55 per barrel in December.” · word for word
Reserve replacement risk
“If we do not successfully replace the resources we produce with good prospects for future organic development or through acquisitions, our business will decline.” · word for word
5 Feb 20268-K · 2.02Net income $1.44B (-38% y/y); Diluted earnings per share $1.17 (-38% y/y); Revenue $13.39B (-6% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q4-2025 | $1.44B | -38% y/y |
| Diluted earnings per share · Q4-2025 | $1.17 | -38% y/y |
| Revenue · Q4-2025 | $13.39B | -6% y/y |
| Adjusted earnings · Q4-2025 | $1.26B | -48% y/y |
Risks flagged
Declining earnings across all segments
“All segments showed lower earnings in Q4 2025 vs Q4 2024”
6 Nov 20258-K · 2.02Sales and other operating revenues $15.03B (+15% y/y); Net income $1.73B (-16% y/y); Adjusted earnings $2.01B (-4% y/y)earningsopen
Figures in the filing · each found in the filing text
| Sales and other operating revenues · Q3-2025 | $15.03B | +15% y/y |
| Net income · Q3-2025 | $1.73B | -16% y/y |
| Adjusted earnings · Q3-2025 | $2.01B | -4% y/y |
| Diluted net income per share · Q3-2025 | $1.38 | -22% y/y |
| Effective income tax rate · Q3-2025 | 41.0% | |
| Lower 48 earnings · Lower 48 · Q3-2025 | $1.24B | -0% y/y |
| Alaska earnings · Alaska · Q3-2025 | $130M | -51% y/y |
| Canada earnings · Canada · Q3-2025 | $188M | +652% y/y |
| Europe, Middle East and North Africa earnings · Europe, Middle East and North Africa · Q3-2025 | $327M | +10% y/y |
| Asia Pacific earnings · Asia Pacific · Q3-2025 | $309M | -32% y/y |
Risks flagged
Higher effective tax rate and special items pressure net income.
“Effective tax rate 41.0% vs 36.4% YoY; special items -$281M.”
Segment earnings decline in key regions Alaska and Asia Pacific.
“Alaska earnings -51.3% YoY; Asia Pacific -32.1% YoY.”
6 Nov 202510-QConocoPhillips reported Q3 2025 production up 25% YoY, operating cash flow of $5.9B, raised dividend 8%, and raised full-year production guidance.earningsopen
Figures in the filing · each found in the filing text
| Total production · Q3-2025 | $2M | +25% y/y |
| Total average realized price · Q3-2025 | $46.44 | -14% y/y |
| Cash provided by operating activities · Q3-2025 | $5.90B | |
| Capital expenditures and investments · 9M-2025 | $9.53B | +8% y/y |
| Share repurchases · Q3-2025 | $1.30B | |
| Dividend per share · Q4-2025 | $0.84 | +8% y/y |
| Lower 48 production · Lower 48 · Q3-2025 | $2M | |
| Earnings per share (diluted) · Q3-2025 | $1.38 | |
| Dispositions · 2025 | $3.00B | |
| LNG offtake portfolio · 2025-09-30 | $10.00 |
Guidance
full-year production guidance raised to 2.375 MMBOED from 2.35-2.37 MMBOED
Full-year production guidance raised; all other guidance unchanged.
Risks flagged
Commodity price volatility
“Commodity prices are the most significant factor impacting our profitability and related returns on and of capital to our shareholders.” · word for word
OPEC Plus production increases
“Oil prices were lower in the third quarter of 2025 as global oil supplies increased faster than global oil demand.” · word for word
Tariff and trade policy risk
“We continue to closely monitor the macroeconomic environment, including any impacts from tariffs” · word for word
ConocoPhillips — questions
- What did ConocoPhillips file recently?
- 11 SEC filings in the last 12 months. Latest: 8-K on 2026-08-11 — Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this report
Every figure on this page comes from ConocoPhillips's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.