Earnings summaries and quarterly performance for CONOCOPHILLIPS.
Executive leadership at CONOCOPHILLIPS.
Ryan Lance
Detailed
Chief Executive Officer
CEO
AO
Andrew O’Brien
Detailed
Senior Vice President, Strategy, Commercial, Sustainability and Technology
KR
Kelly Rose
Detailed
Senior Vice President, Legal, General Counsel and Corporate Secretary
NO
Nicholas Olds
Detailed
Executive Vice President, Lower 48
WB
William Bullock
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at CONOCOPHILLIPS.
AM
Arjun Murti
Detailed
Director
DS
David Seaton
Detailed
Director
DA
Dennis Arriola
Detailed
Director
GH
Gay Huey Evans
Detailed
Director
JJ
Jeffrey Joerres
Detailed
Director
KM
Katie McGinty
Detailed
Director
NC
Nelda Connors
Detailed
Director
RW
R.A. Walker
Detailed
Director
RN
Robert Niblock
Detailed
Lead Independent Director
SM
Sharmila Mulligan
Detailed
Director
TL
Timothy Leach
Detailed
Director
WM
William McRaven
Detailed
Director
Research analysts who have asked questions during CONOCOPHILLIPS earnings calls.
AJ
Arun Jayaram
JPMorgan Chase & Co.
8 questions for COP
Also covers: APA, AR, BKR +33 more
Scott Hanold
RBC Capital Markets
8 questions for COP
Also covers: APA, CHRD, CIVI +13 more
SR
Stephen Richardson
Evercore ISI
8 questions for COP
Also covers: ALTM, CVX, EOG +4 more
Betty Jiang
Barclays
6 questions for COP
Also covers: APA, AR, BKV +15 more
Kevin MacCurdy
Pickering Energy Partners
6 questions for COP
Also covers: AR, CHRD, CNX +13 more
Lloyd Byrne
Jefferies LLC
6 questions for COP
Also covers: CIVI, CVX, PSX +1 more
Neil Mehta
Goldman Sachs
6 questions for COP
Also covers: AESI, APA, AR +36 more
PC
Paul Cheng
Scotiabank
6 questions for COP
Also covers: APA, BP, CLNE +20 more
CM
Charles Meade
Johnson Rice & Company L.L.C.
5 questions for COP
Also covers: APA, BRY, CRGY +17 more
DM
Devin Mcdermott
Morgan Stanley
5 questions for COP
Also covers: CVX, EQT, EXE +3 more
RT
Ryan Todd
Simmons Energy
5 questions for COP
Also covers: BP, CVX, DAR +9 more
Bob Brackett
Bernstein Research
4 questions for COP
Also covers: APA, CCJ, CVX +8 more
DL
Doug Leggate
Wolfe Research
4 questions for COP
Also covers: APA, AR, BP +23 more
JW
James West
Evercore ISI
4 questions for COP
Also covers: AMPS, BKR, BORR +12 more
LM
Leo Mariani
ROTH MKM
4 questions for COP
Also covers: APA, AR, CIVI +16 more
NK
Nitin Kumar
Mizuho Securities USA
4 questions for COP
Also covers: AR, BKV, CNX +8 more
DG
Douglas George Blyth Leggate
Wolfe Research
3 questions for COP
Also covers: APA, BP, CTRA +18 more
JS
Joshua Silverstein
UBS Group AG
3 questions for COP
Also covers: AR, CHRD, CRC +9 more
Phillip Jungwirth
BMO Capital Markets
3 questions for COP
Also covers: AR, CIVI, CTRA +17 more
AS
Alastair Syme
Citigroup
2 questions for COP
Also covers: BP, CVX, E +4 more
CA
Charles Arthur Meade
Johnson Rice
2 questions for COP
FL
Francis Lloyd Byrne
Jefferies
2 questions for COP
Also covers: CVX, FLOC
Jeoffrey Lambujon
TPH & Co.
2 questions for COP
Also covers: APA
ND
Neal Dingmann
Truist Securities
2 questions for COP
Also covers: APA, CHRD, CIVI +33 more
Neil Singhvi Mehta
Goldman Sachs Group
2 questions for COP
Also covers: DINO, HAL, VLO
PC
Paul Chang
Scotiabank
2 questions for COP
Also covers: CVX, OXY, TTE +1 more
Sam Margolin
Wells Fargo & Company
2 questions for COP
Also covers: CVX, EQT, PSX +2 more
WJ
Wei Jiang
Barclays
2 questions for COP
Also covers: APA, AR, BKV +9 more
DD
David Deckelbaum
TD Cowen
1 question for COP
Also covers: ALB, ALTM, APA +17 more
DL
Douglas Leggate
Wolfe Research
1 question for COP
Also covers: APA, CVX, DINO +5 more
Kalei Akamine
Bank of America
1 question for COP
Also covers: CNX, CRC, CRK +9 more
KA
Kaleinoheaokealaula Akamine
Bank of America
1 question for COP
Also covers: AR, CRC, CRK +8 more
PJ
Phillips Johnston
Capital One Securities, Inc.
1 question for COP
Also covers: CHRD, CRC, CRK +8 more
RR
Roger Read
Wells Fargo & Company
1 question for COP
Also covers: APA, AR, BP +22 more
RM
Ryan M. Todd
Piper Sandler & Co.
1 question for COP
Also covers: DAR, DINO
Recent press releases and 8-K filings for COP.
ConocoPhillips prioritizes Venezuela debt recovery
COP
Legal Proceedings
New Projects/Investments
- CEO Ryan Lance said the company will focus on recouping roughly $10 billion from arbitration awards tied to nearly two-decade-old Venezuelan nationalizations before pursuing new oil investments there.
- ConocoPhillips has already recorded about $12 billion in write-downs on its Venezuela ventures.
- Production reached 2.32 million boe/d, marking 6.3% year-over-year growth.
- Shares slipped about 2.9% after Q4 adjusted earnings missed expectations.
- The company’s financial position includes a $129.29 billion market cap, $59.79 billion in trailing 12-month revenue, and an Altman Z-Score of 3.09.
1 day ago
ConocoPhillips reports Q4 2025 results
COP
Earnings
Guidance Update
Share Buyback
- 2.5% pro forma production growth in 2025; Q4 production of 2.32 MM BOE/d.
- Q4 adjusted earnings of $1.02 /share and $4.3 B cash from operations; full-year CapEx of $12.6 B and $3 B in asset sales.
- Returned $9 B of capital (45% of CFO) via $1 B buybacks and $1 B dividends in Q4; net debt down $2 B, cash at $7.4 B.
- 2026 guidance: CapEx $12 B, OpEx $10.2 B, production 2.23–2.26 MM BOE/d, and ~45% of CFO returned to shareholders.
- Integrated Marathon Oil, launched a $1 B cost-reduction initiative, grew LNG offtake to ~10 Mtpa, and advanced major projects to boost free cash flow through 2029.
1 day ago
ConocoPhillips reports Q4 2025 results
COP
Earnings
Guidance Update
Share Buyback
- 2.32 MMboe/d production in Q4; $1.02 adjusted EPS; $4.3 B cash from operations; $3 B Q4 CapEx; returned $2.1 B in Q4 (incl. $1 B buybacks, $1 B dividends)
- Full-year 2025: $12.6 B CapEx; $9 B return of capital (45% of CFO); paid down $900 M debt; net debt down nearly $2 B; ending cash & ST investments $7.4 B; LT investments $1.1 B
- 2026 Outlook: $12 B CapEx (–$0.6 B YoY); $10.2 B OpEx (–$0.4 B); production 2.23–2.26 MMboe/d; Q1 2.30–2.34 MMboe/d; target $1 B combined CapEx & cost reduction; return ~45% of CFO
- Successfully integrated Marathon Oil: doubled synergy capture, realized $1 B one-time benefits, eliminated acquired CapEx while achieving pro forma production growth
- Advancing major projects: NFS LNG >80% complete for H2 2026 start-up; Willow ~50% complete, on track for early-2029 first oil; Lower 48 drilling/completion efficiency +15% in 2025
1 day ago
ConocoPhillips reports Q4 2025 results and 2026 guidance
COP
Earnings
Guidance Update
Share Buyback
- ConocoPhillips delivered Q4 2025 production of 2.32 MMboe/d, adjusted EPS of $1.02, and $4.3 B of cash flow from operations; Q4 CapEx was $3 B, bringing full-year CapEx to $12.6 B.
- Returned $2.1 B of capital in Q4 (≈$1 B buybacks and $1 B dividends), reaching $9 B or 45% of CFO for 2025; net debt fell by ≈$2 B to strengthen the investment-grade balance sheet.
- 2026 guidance calls for $12 B of CapEx (down $0.6 B YoY), $10.2 B of operating costs (down $0.4 B), and production of 2.23–2.26 MMboe/d, with ~45% CFO return and continued dividend growth.
- Projects and cash flow outlook: targeting $1 B of incremental free cash flow annual improvement from 2026–28, leading to a $7 B inflection by 2029, including $4 B from Willow in 2029.
1 day ago
ConocoPhillips misses Q4 profit estimates, plans $1B cost cuts
COP
Earnings
Guidance Update
- Q4 2025 adjusted earnings fell ~50% to $1.02 per share, missing estimates as realized oil prices dropped to an average $42.46/boe, despite a 6.3% rise in production to 2.320 mmboe/d.
- The company maintained its 2026 guidance of $12 billion in capital spending, $10.2 billion in operating costs and production of 2.33–2.36 million boe/d, and announced a targeted $1 billion reduction in combined capital and operating costs.
- Management returned 45% of 2025 cash flow to shareholders—$9.0 billion ($5.0 billion in buybacks and $4.0 billion in dividends)—and the stock fell about 3.9%, hitting an intraday low of $103.15 on Feb. 5.
1 day ago
ConocoPhillips reports Q4 2025 results and issues 2026 guidance
COP
Earnings
Guidance Update
Dividends
- ConocoPhillips reported Q4 2025 EPS of $1.17 and adjusted EPS of $1.02; FY 2025 EPS was $6.35 and adjusted EPS was $6.16.
- Generated CFO of $19.9 billion in 2025, returning 45% ($9.0 billion) to shareholders via $5.0 billion of buybacks and $4.0 billion of dividends; ended the year with cash and short-term investments of $7.4 billion and declared a Q1 2026 dividend of $0.84 per share.
- Completed the integration of Marathon Oil, doubling synergy capture to over $1 billion on a run-rate basis in 2025.
- Provided 2026 guidance including ~$12 billion of capital expenditures, $10.2 billion of adjusted operating costs and production of 2.33–2.36 MMBOED.
1 day ago
ConocoPhillips reports Q4 and full-year 2025 results
COP
Earnings
Guidance Update
Dividends
- Reported Q4 2025 EPS of $1.17 and full-year EPS of $6.35, with adjusted EPS of $1.02 in Q4 and $6.16 for the year.
- 2026 guidance: ~$12 billion in capital expenditures, ~$10.2 billion in adjusted operating costs and production of 2.33–2.36 MMBOED (Q1: 2.30–2.34 MMBOED).
- Declared Q1 2026 dividend of $0.84/share and plans to return 45% of CFO to shareholders.
- Generated $19.9 billion CFO in 2025 and distributed $9.0 billion (including $5.0 billion in buybacks and $4.0 billion in dividends).
- Completed Marathon Oil integration, capturing > $1 billion of run-rate synergies; delivered 2,375 MBOED in 2025 with 2.5% organic growth.
1 day ago
Permian Resources amends credit deal, plans reorganization
COP
Debt Issuance
- On Dec. 22, 2025, Permian Resources announced a holding-company reorganization under which management and long-term holders will exchange Class C shares for Class A shares and the company privately issued 48.9 million new Class A shares to simplify its Up-C structure toward a single share class by 2027.
- The company executed an Eleventh Amendment to its credit agreement with JPMorgan Chase and a syndicate of lenders to permit the transaction and maintain access to existing credit facilities.
- Post-transaction share counts will be roughly 793.8 million Class A shares and 35.5 million Class C shares; management owns over 6% of the company.
- Reported financial metrics include a 30.1% three-year revenue growth, 39.09% operating margin, 15.65% net margin, an Altman Z-Score of 1.7 (in the distress zone), and both current and quick ratios of 0.67.
- Market capitalization is approximately $10.48 billion.
Dec 22, 2025, 10:07 PM
Freehold Royalties announces Q3 2025 results
COP
Earnings
Dividends
- Freehold Royalties reported $74 million in revenue and $59 million in funds from operations (FFO; $0.36/share) in Q3 2025.
- The company paid $44 million in dividends ($0.27/share) and reduced net debt by $7.3 million, resulting in 1.1x net debt to FFO.
- Production averaged 16,054 boe/d, a 10% year-over-year increase, with 65% liquids weighting.
- The average realized price was $48.92/boe, including a 33% premium on U.S. production.
Nov 13, 2025, 9:01 PM
ConocoPhillips raises Alaska Willow project cost to $9B
COP
New Projects/Investments
Dividends
Guidance Update
- ConocoPhillips increased the projected cost of its Willow oil and gas project in Alaska to $8.5–9 billion, attributing the rise to inflation and higher North Slope construction expenses, while maintaining a schedule for first oil in early 2029.
- The project is about 50% complete, expected to yield 600 million barrels over 30 years with peak output of 180,000 bpd, and to generate $1 billion in annual free cash flow from 2026–2028 toward a $7 billion incremental target by 2029.
- Willow leverages existing infrastructure in the 23.5 million-acre National Petroleum Reserve–Alaska and connects to the Trans-Alaska Pipeline System, enhancing transportation efficiency and U.S. energy independence.
- ConocoPhillips raised its quarterly dividend by 8% to $0.84 per share, increased full-year production guidance to 2.375 million boe/d, and lowered operating cost guidance to $10.6 billion.
Nov 7, 2025, 2:27 AM
Quarterly earnings call transcripts for CONOCOPHILLIPS.
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