ConocoPhillips (COP) Financials
Key financial figures for ConocoPhillips (Q2 2026).
ConocoPhillips posted Q2 2026 adjusted earnings of $4.0 billion ($3.24/share), with realized prices up 36% year-over-year to $62.33/BOE, and hit its $5 billion asset disposition target ahead of schedule. GAAP net income of $3.9 billion ($3.23/share diluted); adjusted earnings of $4.0 billion ($3.24/share), both up sharply from Q1 2026's $2.2B / $1.78 GAAP and $2.3B / $1.89 adjusted. Average realized price of $62.33/BOE, up 36% from $45.77/BOE in Q2 2025, the primary driver of the earnings jump. Total production of 2,248 MBOED (Lower 48: 1,479 MBOED); company guided Q3 2026 production of 2.29-2.32 MMBOED. Cash from operations of $7.2 billion (operating cash flow $7.4 billion); capital expenditures of $3.0 billion. On the outlook: Q3 2026 production guidance of 2.29-2.32 MMBOED; full-year 2026 guidance (capex approximately $12.0-$12.5B, operating costs approximately $10.2B) reaffirmed unchanged. Figures are for Q2 2026, as ConocoPhillips reported them.
- Revenue
- $19.2B
- Net Income
- $3.9B
- EPS
- $3.23
- Total Assets
- $124.3B
- Operating Cash Flow
- $7.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $19.2B | $3.9B | $3.23 | 31.2% | $4.4B |
| Q1 FY2026 | $15.8B | $2.2B | $1.78 | 21.49% | $1.3B |
| Q4 FY2025 | $13.4B | $1.4B | $1.16 | 13.14% | $1.3B |
| Q3 FY2025 | $15.0B | $1.7B | $1.38 | 18.35% | |
| Q2 FY2025 | $14.0B | $2.0B | $1.56 | 18.61% | $199M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $58.9B | $8.0B | $6.35 | 19.24% | $16.8B |
| FY2024 | $54.7B | $9.2B | $7.81 | 23.35% | $8.0B |
| FY2023 | $56.1B | $11.0B | $9.06 | 26.76% | $8.7B |
Frequently asked questions
What was ConocoPhillips's revenue last quarter?
ConocoPhillips reported revenue of $19.16 billion for Q2 FY2026, up 36.8% from the same period a year earlier.
Is ConocoPhillips profitable?
Yes. ConocoPhillips reported net income of $3.93 billion for Q2 FY2026, a net margin of 20.52% on revenue.
How has ConocoPhillips's margin trended?
Operating margin was 31.2% in Q2 FY2026, compared with 18.61% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did ConocoPhillips generate?
ConocoPhillips generated free cash flow of $4.41 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for ConocoPhillips on SentiSense, with up to forty quarters and twenty fiscal years of history.