ConocoPhillips stock lifts dividend as Q3 profit more than doubles
Published on 11/07/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey developments for investors
- ConocoPhillips reported stronger third-quarter earnings as higher realized prices more than offset lower production.
- The company increased shareholder distributions and raised its ordinary dividend for the fourth-quarter payout.
- Management expects fourth-quarter production to exceed the third-quarter level while leaving annual capital spending guidance unchanged.
ConocoPhillips reported stronger third-quarter results on Thursday, November 5, after higher realized prices supported earnings despite lower production. The company also raised its ordinary dividend and guided to higher output for the final quarter.
In its November 5 news release, ConocoPhillips reported third-quarter earnings of 4.0 billion US dollars, compared with 1.7 billion US dollars a year earlier. Adjusted earnings reached 3.9 billion US dollars, or 3.27 US dollars per share, versus 2.0 billion US dollars, or 1.61 US dollars per share, in the year-earlier quarter.
Prices support earnings growth
The company said higher prices were the main driver of the earnings increase, while lower volumes partly offset the benefit. Total production fell to 2.302 million barrels of oil equivalent per day from 2.399 million a year earlier. The average realized price rose to 61.40 US dollars per barrel of oil equivalent, up 32 percent from 46.44 US dollars.
ConocoPhillips 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. The quarterly ordinary dividend will rise 11 percent to 0.93 US dollars per share, with the higher payment scheduled for December 1, 2026, for shareholders of record on November 16.
Higher output expected next
Management expects fourth-quarter production of 2.32 million to 2.36 million barrels of oil equivalent per day. Full-year capital expenditure and adjusted operating cost guidance remained unchanged. The company also said work on the Willow project remained on track for first oil in early 2029.
The real-time quote of ConocoPhillips stock showed a price of 122.53 euros on Lang & Schwarz at 10:53 CET on Saturday, November 7, 2026.
US equities remain shaped by developments across the S&P 500, the relevant broad benchmark for the company's home market.
Read more news and analyses on ConocoPhillips stock.
ConocoPhillips stock at a glance
- Company: ConocoPhillips
- ISIN: US20825C1045
- Listing: New York Stock Exchange
- Quote: 122.53 euros on Lang & Schwarz, Saturday, November 7, 2026, 10:53 CET
