ConocoPhillips Q2 earnings rise to $3.23 per share from $1.56 on higher prices
ConocoPhillips reported second-quarter 2026 earnings of $3.9 billion, or $3.23 per share, up from $1.56 a year earlier, and doubled its quarterly share repurchases to $2.0 billion. Higher realized prices drove the profit gain, while production fell from a year earlier and full-year guidance was left unchanged.
Key points
- Q2 2026 earnings were $3.9 billion, or $3.23 per share, versus $2.0 billion, or $1.56 per share, in Q2 2025; adjusted EPS was $3.24 versus $1.42.
- Total average realized price was $62.33 per BOE, 36% higher than $45.77 per BOE a year earlier.
- Production was 2,248 MBOED, down 143 MBOED from Q2 2025; down 4% after adjusting for closed acquisitions and dispositions.
- Shareholder distributions reached $3.0 billion, including $2.0 billion in buybacks; the $0.84 third-quarter dividend is payable Sept. 1, 2026, to holders of record on Aug. 17, 2026.
The filing
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 August 06, 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.