COP•ConocoPhillips’ third-quarter 2026 earnings more than doubled year over year to $4 billion, primarily due to higher prices. Average realized prices rose 32% to $61.40 per BOE, and the company expects fourth-quarter production of 2.32 million to 2.36 million BOE per day.
ConocoPhillips reported third-quarter 2026 earnings of $4 billion, more than double the year-earlier figure, primarily due to higher prices. Average realized prices rose 32% to $61.40 per BOE, while production fell to 2.302 million BOE per day. The company increased its quarterly ordinary dividend 11% to $0.93 per share, effective with the fourth-quarter payment, and expects fourth-quarter production of 2.32 million to 2.36 million BOE per day. Willow module fabrication surpassed 75% completion, with first oil still expected in early 2029.
