Conoco Phillips NYSE:COP Price, Chart, News & Insight

ConocoPhillips Dips 1.5% as Year-on-Year Earnings Decline Weighs Despite Beat

ConocoPhillips shares are down 1.5% in trading today, as a solid operational beat failed to offset the reality of year-on-year earnings and cash flow declines driven by lower gas prices and the ongoing disruption to Qatar operations from the Middle East conflict.

Revenue came in at $16.05 billion, beating the $14.33 billion consensus by a wide margin, while GAAP EPS of $1.78 topped the $1.70 estimate. However, revenues still fell 6.1% year-on-year as weaker natural gas and NGL prices outweighed stronger crude and bitumen pricing. Adjusted EPS of $1.89 was down from $2.09 in Q1 2025, underscoring that the Iran war's energy shock is a double-edged sword: it boosts oil prices but disrupts LNG operations and global supply chains. (Yahoo Finance)

The Qatar problem is the most concrete near-term headwind. ConocoPhillips has excluded Qatar from its Q2 production guidance entirely, given uncertainty surrounding the Middle East conflict, and has applied a 20 MBOED annual adjustment to full-year production guidance. Total company production was 2,309 MBOED, down from 2,389 MBOED a year ago. (FinancialContent)

On capital returns, the company remains disciplined. ConocoPhillips returned $2.0 billion to shareholders in Q1 through $1.0 billion of buybacks and $1.0 billion in dividends, and declared a Q2 dividend of $0.84 per share, reiterating its commitment to returning 45% of cash from operations to shareholders in 2026. The balance sheet remains solid, with $6.7 billion in cash and short-term investments at quarter end. (FinancialContent)

Free cash flow margin fell to 8.4%, down from 16% in the same quarter last year, reflecting higher capital expenditures tied to the Willow project in Alaska, which reached 50% completion, and expanded Permian activity. Full-year capital guidance was set at $12 to $12.5 billion. (Yahoo Finance)

Morgan Stanley maintains an overweight rating on ConocoPhillips, with analysts noting that every dollar increase in Brent crude significantly boosts annual cash flow, keeping the long-term bull case intact even as near-term results face the headwind of Qatar exclusions and gas price weakness. (Tradingkey)

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WS Investor 04-30-26

ConocoPhillips' (NYSE: COP) financial and operating results will be released before the market opens on April 30.

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Global Finance News 03-19-26

ConocoPhillips has achieved first oil from Well Pad 104W-A at its Surmont oil sands asset, marking a key milestone in the latest phase of development.

The pad, which includes eight well pairs operating under the Steam-Assisted Gravity Drainage (SAGD) process, came online ahead of schedule on Dec. 11, 2025. In SAGD operations, steam is injected into the reservoir to heat heavy oil, allowing it to flow to a lower production well for recovery.

Production from 104W-A is now flowing to the Surmont 1 facility for central processing. Construction is underway on a second pad, 104W-B, which will feature 12 well pairs and is expected to come online in about 12 months.

The startup is expected to support production growth through 2026 and into 2027 as Surmont advances its long-term development plans.

Source: ConocoPhillips

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Global Finance News 02-24-26

ConocoPhillips to Host Fourth-Quarter 2025 Earnings Call on February 5

ConocoPhillips announced it will host a webcast conference call on Thursday, February 5, 2026, at 12:00 p.m. ET to discuss its fourth-quarter 2025 financial and operating results, along with key guidance items for 2026. The company said its financial and operating results will be released before the market opens on the same day.

Source: ConocoPhillips, Business Wire

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WS Investor 12-20-25

ConocoPhillips Q3 2025 Results: Dividend Hike and 2026 Outlook

ConocoPhillips reported third-quarter 2025 earnings of $1.7 billion, or $1.38 per share, compared with $2.1 billion ($1.76 per share) a year earlier. Adjusted earnings were $2.0 billion, or $1.61 per share. The company generated $5.9 billion in operating cash flow and $5.4 billion in cash from operations.

Production rose to 2.399 million barrels of oil equivalent per day (MMBOED), up 482 MBOED year over year, with Lower 48 output reaching 1.528 MMBOED. Average realized price declined 14% to $46.44 per barrel of oil equivalent, reflecting softer commodity prices.

ConocoPhillips raised its ordinary dividend by 8% to $0.84 per share, payable December 1, 2025, and reaffirmed its commitment to top-quartile dividend growth. It distributed $2.2 billion to shareholders during the quarter, including $1.3 billion in share repurchases.

The company lifted its 2025 production guidance to 2.375 MMBOED and cut operating cost guidance to $10.6 billion. It also issued preliminary 2026 guidance: capital expenditures of $12 billion, adjusted operating costs of $10.2 billion, and 0–2% underlying production growth.

At the Willow project in Alaska, total capital guidance was updated to $8.5–$9 billion due to inflation and cost escalation, with first oil expected in early 2029. LNG capital spending was trimmed to $3.4 billion, and all major LNG projects (Qatar NFE/NFS, PALNG) remain on schedule.

ConocoPhillips executed over $3 billion in asset sales in 2025, including the $1.3 billion Anadarko Basin disposition, and remains on track to achieve $5 billion in dispositions by end-2026. CEO Ryan Lance said the company’s diversified portfolio supports its plan to deliver $7 billion in incremental free cash flow by 2029.

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The Investor 11-06-25

ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Nov. 6, 2025, at 12:00 p.m. Eastern time to discuss third-quarter 2025 financial and operating results. The company’s financial and operating results will be released before the market opens on Nov. 6.

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The Investor 09-25-25

ConocoPhillips published a feature story highlighting its role in shaping the global LNG industry.

The company and its predecessors pioneered early LNG transport, beginning with the Methane Pioneer’s 1959 voyage from Louisiana to England. By the 1960s, purpose-built ships and projects in Algeria established LNG as a commercial trade. In Alaska, ConocoPhillips built the Kenai LNG plant and, in 1969, delivered the first LNG cargo from the U.S. to Japan using its proprietary Optimized Cascade® Process, a technology that remains central to its competitive edge.

Over decades, ConocoPhillips expanded through major projects in Trinidad, Australia, Qatar, and the U.S., licensing its process for more than 120 million tonnes per annum (MTPA) of LNG capacity — about 21% of global installed capacity. The company has since secured long-term partnerships and offtake agreements in Europe, Asia, and North America, and invested in projects including APLNG, Darwin LNG, Qatargas 3, and Port Arthur LNG.

Executives emphasized that ConocoPhillips’ LNG strategy is built on innovation, long-term partnerships, and flexibility, with a portfolio that spans resource development, liquefaction technology, trading, regasification, and shipping. Today, the company continues to invest in modern LNG vessels, European regas capacity, and Gulf Coast offtake deals, reinforcing its position as a global LNG leader.

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WS Investor 09-06-25

Coastal Bend LNG Selects ConocoPhillips’ Optimized Cascade® Technology for Texas Export Project

Coastal Bend LNG has chosen ConocoPhillips’ Optimized Cascade® Process technology for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. The project will feature multiple liquefaction trains, LNG storage tanks, cogeneration, and export infrastructure. Coastal Bend aims to file permits with FERC in 2025. The technology promises high efficiency and lower emissions, aligning with both companies’ sustainability goals.

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The Investor 08-04-25

ConocoPhillips' Polar Tankers Launches Shore Power System to Cut Emissions in Southern California

ConocoPhillips subsidiary Polar Tankers, Inc. has begun retrofitting its fleet of five Endeavour Class tankers to use high-voltage shore power while docked at Southern California terminals. This initiative, in partnership with Marathon Petroleum, enables vessels to shut down their diesel engines and connect to shore-based electricity during cargo discharge, significantly reducing emissions at berth. The first vessel has successfully completed live testing, with three more expected to be ready by the end of 2025 and the last by 2026. The project required extensive engineering adaptations and marks a rare implementation of shore power on crude oil tankers, reinforcing the company’s commitment to sustainability and innovation.

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The Investor 07-02-25

ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Aug. 7, 2025, at 12:00 p.m. Eastern time to discuss second-quarter 2025 financial and operating results.

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WS Investor 06-27-25

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