ConocoPhillips stock holds above $130 after Q2 beat
Published on 08/29/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ConocoPhillips stock is holding above $130 after Q2 2026 earnings of $3.24 per share (ISIN US20825C1045) beat the $2.90 consensus by $0.34. The shares last traded at $130.32 on August 28, 2026, with a market capitalization of $155.60 billion.
Q2 numbers set the tone
Per the latest company update summarized in the ad hoc news report, revenue for the quarter reached $19.52 billion, versus $18.79 billion expected, while net margin was 14.22% and return on equity was 14.72%. Revenue rose 32.4% from the same quarter last year, which gives the beat more weight than a simple one-off headline.
Analyst expectations for the current fiscal year still point to 10.55 earnings per share, while the stock also carries a P/E ratio of 17.26 and a beta of 0.11 in the same-day market snapshot. For investors, that combination shows a large-cap energy name with a recent earnings beat and a valuation that remains tied to the broader oil backdrop.
Dividend support stays visible
The latest declared quarterly dividend is $0.84 per share, equal to $3.36 annualized, with a yield of 2.6% and a payout ratio of 44.44%. The record date is August 17, 2026, and payment is scheduled for September 1, 2026.
That dividend profile matters because it frames the company as both an earnings and cash-return story. The current setup is less about a single headline move and more about whether the profit beat and payout can keep supporting the share price around the same level.
What the business sells
ConocoPhillips is a global exploration and production company focused on crude oil, natural gas, and liquefied natural gas, with production tied to major regions such as the Lower 48 and Alaska. The latest quarter showed that operational leverage still matters when realized prices and production volumes move in the company's favor.
Price and scale
As of August 28, 2026, ConocoPhillips was quoted at $130.32, up $0.82 or 0.63% from the previous close of $129.52. The latest market-cap snapshot put the company at $155.60 billion, keeping it firmly in large-cap territory on the NYSE.
Fact box
Company: ConocoPhillips
ISIN: US20825C1045
Ticker: COP
Exchange: New York Stock Exchange
Price (as of August 28, 2026, 4:00 p.m. ET): $130.32 USD
Market cap: $155.60 billion (as of August 28, 2026)
Sector / Industry: Energy / Oil, Gas & Consumable Fuels
Index membership: S&P 500
Next earnings date: October 29, 2026
