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AI brief of an SEC Form 8-K · ConocoPhillips (COP)

ConocoPhillips Q1 profit falls to $2.2 billion; adjusted EPS $1.89 vs. $2.09

Negative Impact 4 of 5 earnings Written later

ConocoPhillips reported first-quarter 2026 earnings of $2.2 billion, or $1.78 per share, down from $2.8 billion, or $2.23 per share, a year earlier. Adjusted earnings were $2.3 billion, or $1.89 per share, versus $2.7 billion, or $2.09 per share, as lower gas prices in the Permian and lower volumes outweighed lower costs. The company also updated its 2026 production and capital guidance and declared a $0.84 per share second-quarter dividend.

Key points

  • Q1 2026 earnings $2.2 billion ($1.78 per share) vs. $2.8 billion ($2.23 per share) in Q1 2025
  • Q1 2026 total company production of 2,309 MBOED, down 80 MBOED from a year earlier
  • Full-year 2026 production guidance of 2.295 to 2.325 MMBOED; 2026 capital spending expected at $12 to $12.5 billion
  • Second-quarter ordinary dividend of $0.84 per share, payable June 1, 2026, to holders of record on May 11, 2026

The filing

CompanyConocoPhillips (COP)
Form8-K, current report
Filed with the SECApr 30, 2026, 7:31 AM ET
Accession number0001163165-26-000016

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.