ConocoPhillips stock: Higher dividend meets stronger Q3 profit
Published on 11/11/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSProfit, dividends and production outlook
- ConocoPhillips reported stronger third-quarter earnings as higher realized prices offset lower production.
- The company raised its ordinary dividend by 11 percent and expects fourth-quarter output to rise sequentially.
- Full-year capital spending and adjusted operating-cost guidance remained unchanged.
ConocoPhillips stock traded at 123.70 euros on Lang & Schwarz at 16:08 CET on Wednesday, November 11, 2026. The latest quote is 3.83 percent above the 119.14-euro level recorded in the previous report on Tuesday, November 10, at 13:11 CET.
ConocoPhillips reported its third-quarter results on Thursday, November 5, according to the ConocoPhillips earnings report. Net income rose to 4.0 billion US dollars, or 3.34 US dollars per share, from 1.7 billion US dollars, or 1.38 US dollars per share, a year earlier.
Higher prices support earnings
Adjusted earnings increased to 3.9 billion US dollars, or 3.27 US dollars per share, from 2.0 billion US dollars, or 1.61 US dollars per share. The producer said stronger realized prices were the main driver, while lower volumes partly offset the improvement.
The average realized price reached 61.40 US dollars per barrel of oil equivalent, up 32 percent from 46.44 US dollars in the year-earlier quarter. Total production declined to 2.302 million barrels of oil equivalent per day from 2.399 million.
Dividend and output move higher
ConocoPhillips raised its quarterly ordinary dividend by 11 percent to 0.93 US dollars per share from 0.84 US dollars. The higher payment is scheduled for December 1, 2026, for shareholders of record at the close of business on November 16.
The company distributed 3.4 billion US dollars to shareholders during the quarter, including 2.4 billion US dollars in share repurchases and 1.0 billion US dollars in ordinary dividends. Fourth-quarter production is expected to average between 2.32 million and 2.36 million barrels of oil equivalent per day.
Full-year capital spending and adjusted operating-cost guidance remained unchanged. Management also expects another quarter of sequential Lower 48 growth, while Qatar-related uncertainty remains part of the outlook.
ConocoPhillips key figures
- Company: ConocoPhillips
- ISIN: US20825C1045
- Exchange: NYSE
- Lang & Schwarz price: 123.70 euros on November 11, 2026, at 16:08 CET
- Third-quarter reported earnings: 4.0 billion US dollars
- Adjusted earnings per share: 3.27 US dollars
- Quarterly ordinary dividend: 0.93 US dollars per share
- Fourth-quarter production outlook: 2.32 million to 2.36 million barrels of oil equivalent per day
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