ConocoPhillips
Producer of oil and gas across U.S. shale, oil sands and LNG.
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Profile
Produces and markets crude oil, natural gas, natural gas liquids, bitumen and LNG across geographically organized operations. The Lower 48 supplies most production, while conventional, oil-sands and LNG assets diversify a portfolio whose cash generation remains tied to commodity prices.
Explores for, develops, produces, transports and markets crude oil, natural gas, natural gas liquids, bitumen and LNG. Operations span Alaska, the Lower 48, Canada, Europe, the Middle East and North Africa, and Asia Pacific, with the Lower 48 supplying most production. The portfolio combines Permian, Eagle Ford and Bakken shale with Alaska, Canadian oil sands, international conventional fields and equity LNG projects.
Uses scale, reservoir expertise and large development programs to bring resources to market through global commodity channels. Capital allocation centers on fully burdened cost of supply; the Marathon Oil acquisition expanded U.S. unconventional inventory, while subsequent noncore sales concentrated the portfolio. Results remain tied to oil and gas prices, drilling and project execution, transportation access, permits and environmental rules, and host-country and joint-venture conditions.
Company facts
Key statistics
Year to date +34.8% · Average volume (30d) 6.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Reiterate | Underperform | $145 | $168 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Overweight | $147 | $151 |
| Aug 19, 2026 | Argus Research | Reiterate | Buy | $89 | $153 |
| Aug 17, 2026 | Barclays | Reiterate | Overweight | $155 | $150 |
| Aug 12, 2026 | UBS | Reiterate | Buy | $143 | $153 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $2.90 | $3.24 | +11.7% | $18.79B | $19.52B | +3.9% | +1.50% |
| Apr 30, 2026Q1 FY26 | $1.72 | $1.89 | +9.9% | $15.62B | $16.05B | +2.8% | −2.06% |
| Feb 5, 2026Q4 FY25 | $1.07 | $1.02 | −4.7% | $13.95B | $14.19B | +1.7% | +2.51% |
| Nov 6, 2025Q3 FY25 | $1.41 | $1.61 | +14.2% | $14.61B | $15.03B | +2.9% | +1.37% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $16.46B | $13.98B | $14.97B | $13.31B | $16.05B | $18.09B | |
| Gross profit | $4.94B | $3.41B | $3.50B | $2.61B | $7.50B | $18.09B | |
| Operating income | $4.20B | $2.59B | $2.70B | $2.01B | $3.36B | $6.08B | |
| Net income | $2.85B | $1.97B | $1.73B | $1.44B | $2.18B | $3.93B | |
| Diluted EPS | $2.23 | $1.56 | $1.38 | $1.16 | $1.78 | $3.23 | |
| Gross margin | 30.0% | 24.4% | 23.4% | 19.6% | 46.7% | 100.0% | |
| Operating margin | 25.5% | 18.5% | 18.1% | 15.1% | 20.9% | 33.6% |
Fiscal years (4-quarter sums)FY21 $46.06B · FY22 $78.58B · FY23 $56.06B · FY24 $54.61B · FY25 $58.71B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $7.69B · Total debt $23.29B · Total assets $124.26B · Shareholders' equity $65.35B
Dividends
Raised for 9 straight years — most recently to $0.84 from $0.78 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 1 | $0.84 | |
| May 11, 2026 | May 11 | Jun 1 | $0.84 | |
| Feb 18, 2026 | Feb 18 | Mar 2 | $0.84 | |
| Nov 17, 2025 | Nov 17 | Dec 1 | $0.84 | raised from $0.78 |
| Aug 18, 2025 | Aug 18 | Sep 2 | $0.78 | |
| May 19, 2025 | May 19 | Jun 2 | $0.78 | |
| Feb 14, 2025 | Feb 17 | Mar 3 | $0.78 | |
| Nov 8, 2024 | Nov 11 | Dec 2 | $0.78 | raised from $0.58 |
Ownership
Shares outstanding 1.22B · Float 1.22B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 93.89M | 7.71% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 79.60M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 65.83M | 5.40% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 44.82M | 3.68% | 13F | Aug 14, 2026 |
| Sixth Street Partners Management Company, L.P. | 41.48M | 3.40% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Andrew D. Lundquist | officer: Senior Vice President | −9,487 | $135.15 |
| Aug 20, 2026 | Kelly Brunetti Rose | officer: SVP & General Counsel | −15,000 | $134.52 |
| Jun 10, 2026 | Sharmila Mulligan | director | −1,974 | $119.00 |
| Mar 31, 2026 | Ryan Michael Lance | director, officer: Chairman and CEO | −113,221 | $132.71 |
| Mar 24, 2026 | Kelly Brunetti Rose | officer: SVP & General Counsel | −7,700 | $130.03 |
Peers
- ExxonMobil
Largest US E&P operator; Permian scale and LNG dwarf every independent peer.
- Chevron
Integrated US major; Permian, Alaska, and LNG in direct upstream overlap.
- EOG Resources
Closest pure-play E&P peer; shares COP's cost-discipline and returns model.
- Occidental Petroleum
Permian-centric independent; OxyChem sale sharpens pure-play E&P focus.
- Devon Energy
US onshore pure-play; Delaware Basin and Eagle Ford overlap with COP's Lower 48.
- Diamondback Energy
Permian-only pure-play; lowest-cost Permian operator and acreage rival to COP.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ConocoPhillips | $129.95 | −0.32% | $158.80B | 17.3 | 13.4 | 2.5 | +39.7% |
| ExxonMobil | $156.80 | +0.08% | $649.44B | 20.2 | 13.2 | 1.8 | +46.0% |
| Chevron | $204.35 | +1.24% | $402.06B | 19.4 | 13.2 | 1.9 | +57.9% |
| EOG Resources | $143.49 | +0.12% | $76.35B | 11.2 | 9.5 | 2.9 | +60.5% |
| Occidental Petroleum | $59.23 | +0.23% | $58.78B | 9.1 | 13.2 | 2.3 | +27.7% |
| Devon Energy | $47.48 | +0.26% | $52.09B | 11.2 | 9.5 | 2.6 | +83.2% |
| Diamondback Energy | $197.67 | −0.03% | $55.61B | 38.6 | 10.7 | 3.3 | +32.1% |
| Median | 15.3 | 11.9 | 2.5 | +51.9% |