ConocoPhillips 2Q26 EPS more than doubles to $3.23 year over year
COP•Guidance and LNG outlook
Guidance was reaffirmed, with 3Q production seen at 2.29 million to 2.32 million BOED; CEO Ryan Lance cited LNG offtake rising to 12 MTPA.
Prices, production and shareholder returns
Average realized price climbed 36% to $62.33 per BOE versus 2Q25; production fell to 2,248 MBOED.
Shareholder distributions increased to $3.0 billion, including $2.0 billion of buybacks; the quarterly dividend was set at $0.84.
2Q26 earnings and cash flow
ConocoPhillips posted 2Q26 earnings of $3.9 billion, or $3.23 a share; adjusted (non-GAAP) earnings were $4.0 billion, or $3.24.
Cash provided by operating activities rose to $7.4 billion; cash from operations (non-GAAP) totaled $7.2 billion.
