ConocoPhillips, US20825C1045

ConocoPhillips stock: Q3 profit jumps as dividend rises 11%

Published on 11/09/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ConocoPhillips stock enters the final quarter after stronger earnings and higher shareholder distributions. Output is expected to rise sequentially.

Operational strength meets higher payouts

Adjusted earnings benefited from higher realized prices despite lower production.
Fourth-quarter output guidance points to sequential growth.
The higher ordinary dividend takes effect with the fourth-quarter payment.

ConocoPhillips, US20825C1045, Illustration mit AI erstellt.

ConocoPhillips reported stronger third-quarter results on November 5, with higher realized prices lifting earnings despite lower production. The company also increased its ordinary dividend and issued a higher fourth-quarter production outlook.

According to the ConocoPhillips release, third-quarter net income reached 4.0 billion US dollars, or 3.34 US dollars per share, compared with 1.7 billion US dollars, or 1.38 US dollars per share, a year earlier. Adjusted earnings rose 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 adjusted figures exclude special items, primarily the reversal of a tax reserve.

Higher prices offset lower output

Total production fell to 2.302 million barrels of oil equivalent per day from 2.399 million a year earlier. ConocoPhillips said the decline reflected the impact of the Middle East conflict on Qatar and higher Surmont royalties, which more than offset organic growth in the Lower 48.

The company reported a total average realized price of 61.40 US dollars per barrel of oil equivalent, up 32 percent from 46.44 US dollars. Cash from operations reached 7.2 billion US dollars, while capital expenditures and investments totaled 3.1 billion US dollars.

Dividend and project milestones

ConocoPhillips raised its quarterly ordinary dividend by 11 percent to 0.93 US dollars per share. The payment is scheduled for December 1, 2026, to shareholders of record at the close of business on November 16.

The company said module fabrication for its Willow project was more than 75 percent complete and remained on track for first oil in early 2029. It also expanded its commercial LNG offtake portfolio to 13 million tonnes per annum.

Fourth-quarter outlook

Fourth-quarter production is expected to range from 2.32 million to 2.36 million barrels of oil equivalent per day. Full-year capital expenditure and adjusted operating cost guidance remained unchanged.

ConocoPhillips stock traded at 120.07 euros on Lang & Schwarz at 16:10 CET on Monday, November 9, 2026.