ConocoPhillips (COP) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and ConocoPhillips published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. ConocoPhillips reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is ConocoPhillips' 'sales and other operating revenues'. Total revenues and other income, which adds equity in earnings of affiliates, gains on dispositions and other income, was $20,057 million.
• Segment rows are consolidated sales after intersegment eliminations, from Note 18 of the 10-Q. ConocoPhillips' release does not include an income statement; it is in the supplemental information exhibit.

Source: ConocoPhillips Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How ConocoPhillips splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• ConocoPhillips's Alaska revenue was $1.8 billion in Q3 2026, up 23% from $1.4 billion in Q3 2025, 9% of total revenue.
• ConocoPhillips's Lower 48 revenue was $13.2 billion in Q3 2026, up 26% from $10.5 billion in Q3 2025, 68% of total revenue.
• ConocoPhillips's Canada revenue was $1.2 billion in Q3 2026, up 30% from $941 million in Q3 2025, 6% of total revenue.
• ConocoPhillips's Europe, Middle East and North Africa revenue was $2.6 billion in Q3 2026, up 62% from $1.6 billion in Q3 2025, 13% of total revenue.
• ConocoPhillips's Asia Pacific revenue was $630 million in Q3 2026, up 22% from $515 million in Q3 2025, 3% of total revenue.
• ConocoPhillips's Corporate and Other revenue was $7.0 million in Q3 2026, down 56% from $16.0 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, ConocoPhillips said:

“Fourth-quarter 2026 production is expected to be 2.32 to 2.36 million barrels of oil equivalent per day.”

“Full-year capital expenditures and adjusted operating cost guidance remain unchanged.”

“Increased shareholder distributions to $3.4 billion, including $2.4 billion of share repurchases; on track for 45% return of CFO in 2026.”

Source: ConocoPhillips Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the COP forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Sales and other operating revenues and GAAP diluted EPS. EPS is as first reported in each quarter's release; revenue is from ConocoPhillips' quarterly supplemental information.

ConocoPhillips's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

ConocoPhillips reported sales and other operating revenues of $19,435 million in Q3 2026, against $15,031 million a year earlier. It manages five operating segments defined mainly by geography, and Lower 48 accounted for $13,231 million of consolidated sales. Europe, Middle East and North Africa contributed $2,564 million, Alaska $1,782 million, Canada $1,221 million and Asia Pacific $630 million. (ConocoPhillips Form 10-Q, Q3 2026, Nov 5, 2026)

ConocoPhillips' revenue rose on price. Its total average realized price was $61.40 per barrel of oil equivalent, 32% higher than the $46.44 realized a year earlier, and its realized crude oil price was $88.80 a barrel against $66.13. WTI averaged $85.79 and Brent dated $97.00 in the quarter, against $64.93 and $69.07 in Q3 2025. (ConocoPhillips Q3 2026 release, Nov 5, 2026; ConocoPhillips Q3 2026 supplemental information, Nov 5, 2026)

ConocoPhillips' production fell to 2,302 thousand barrels of oil equivalent per day (MBOED), down 97 MBOED from a year earlier, or down 40 MBOED (2%) after adjusting for acquisitions and dispositions. ConocoPhillips said organic growth in Lower 48 was more than offset by the impact of the Middle East conflict on Qatar and higher Surmont royalties. Equity affiliate production was 179 MBOED, against 225 MBOED a year earlier. (ConocoPhillips Q3 2026 release, Nov 5, 2026; ConocoPhillips Q3 2026 supplemental information, Nov 5, 2026)

ConocoPhillips' Lower 48 produced 1,517 MBOED, including 757 MBOED from the Delaware Basin, 369 MBOED from the Eagle Ford, 197 MBOED from the Midland Basin and 191 MBOED from the Bakken. Across the company, crude oil output was 1,109 thousand barrels a day, NGL 439 thousand, bitumen 95 thousand and natural gas 3,959 million cubic feet a day. (ConocoPhillips Q3 2026 release, Nov 5, 2026; ConocoPhillips Q3 2026 supplemental information, Nov 5, 2026)

ConocoPhillips' revenue from contracts with customers was $17,201 million; another $2,234 million came from physical contracts, mainly natural gas sold at market prices, that meet the accounting definition of a derivative. (ConocoPhillips Form 10-Q, Q3 2026, Nov 5, 2026)

ConocoPhillips' GAAP diluted EPS was $3.34 and its adjusted EPS $3.27 in Q3 2026. Adjusted earnings remove special items, which this quarter were mainly the reversal of a tax reserve, worth $126 million after tax or $0.11 a share, partly offset by $33 million of pending claims and settlements and $23 million of transaction, integration and restructuring expenses. (ConocoPhillips Q3 2026 release, Nov 5, 2026)

ConocoPhillips' consolidated effective tax rate was 33.1%, against 41.0% a year earlier. Rates differ widely by segment: 78.3% in Europe, Middle East and North Africa and 20.9% in Lower 48. (ConocoPhillips Q3 2026 supplemental information, Nov 5, 2026)

ConocoPhillips' diluted weighted-average share count was 1,195,864 thousand, against 1,246,854 thousand a year earlier, and ending shares outstanding were 1,182,335 thousand at September 30, 2026. In the quarter it repurchased $2.4 billion of shares and paid $1.0 billion in ordinary dividends, and it raised the quarterly ordinary dividend by 11% to $0.93 per share. (ConocoPhillips Q3 2026 supplemental information, Nov 5, 2026; ConocoPhillips Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

ConocoPhillips' release gives a production outlook and refers to its earnings presentation for the rest. It expects fourth-quarter 2026 production of 2.32 to 2.36 million barrels of oil equivalent per day and left full-year capital expenditures and adjusted operating cost guidance unchanged. It said it is on track to return 45% of CFO to shareholders in 2026. (ConocoPhillips Q3 2026 release, Nov 5, 2026)

ConocoPhillips also repeated two longer-range targets: a $7 billion free cash flow inflection by 2029, and first oil from its Willow project in early 2029, with module fabrication scope over 75% complete. (ConocoPhillips Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover ConocoPhillips, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones ConocoPhillips's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning COP is on is COP a buy or a sell?, what analysts expect next is on the COP forecast, and what the company does is on the ConocoPhillips (COP) stock page.

Every number on this page can be traced to a document ConocoPhillips published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.