ConocoPhillips stock faces Q3 results as EPS estimate rises 84.5%
Published on 11/02/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat investors should watch next
- ConocoPhillips is due to release third-quarter results before the market opens on November 5.
- Zacks expects higher oil prices to support the exploration and production business.
- The company has exceeded consensus earnings estimates in three of the past four quarters.
ConocoPhillips is heading into its third-quarter reporting date with analysts expecting a sharp improvement in earnings. In a preview published on October 29, Zacks Investment Research said the company is scheduled to report before the opening bell on Thursday, November 5.
Zacks lifted its consensus estimate for earnings per share to 2.97 US dollars, an increase of 84.5 percent from the year-earlier period. The research firm expects quarterly revenue of 18.2 billion US dollars, which would represent growth of 17.5 percent from the comparable quarter.
Oil prices set the backdrop
The earnings outlook is tied closely to the commodity environment because ConocoPhillips operates as an exploration and production company. Zacks cited average Cushing, Oklahoma, West Texas Intermediate spot prices of 80.46 US dollars per barrel in July, 83.90 US dollars in August and 97.31 US dollars in September, compared with 68.39, 64.86 and 63.96 US dollars in the same months of the prior year.
Zacks said the stronger oil-price backdrop was likely to have supported the company's upstream operations during the September quarter. The research firm also said ConocoPhillips had topped consensus earnings estimates in three of the previous four quarters, missed once and delivered an average surprise of 7.04 percent. Its current Earnings ESP stood at positive 4.50 percent, while Zacks assigned the company a Rank 1.
ConocoPhillips stock traded at 135.87 euros on Lang & Schwarz at 10:37 CET on Monday, November 2, 2026; the real-time quote of ConocoPhillips stock is available here.
ConocoPhillips at a glance
- Company: ConocoPhillips
- ISIN: US20825C1045
- Trading venue: Lang & Schwarz
- Quote: 135.87 euros on Monday, November 2, 2026, at 10:37 CET
- Upcoming event: Third-quarter results before the market opens on Thursday, November 5, 2026
The broader market backdrop is tracked through the S&P 500.
Further earnings coverage and company developments are available in More news and analyses on ConocoPhillips stock.
