earnings
confidence high
sentiment negative
materiality 0.75
ConocoPhillips Q1 EPS $1.78 vs $2.23 YoY; production down; Qatar excluded from Q2 guidance
CONOCOPHILLIPS
2026-Q1 EPS reported
$1.78
revenue$15,761,000,000
- Reported EPS $1.78, adjusted EPS $1.89; Q1 2025 EPS $2.23.
- Production 2,309 MBOED, down 80 MBOED YoY; Lower 48 at 1,453 MBOED.
- Generated CFO of $5.4B; returned $2.0B to shareholders ($1.0B buybacks, $1.0B dividend).
- Q2 production guidance 2.185-2.215 MMBOED excluding Qatar; FY 2026 capex $12-12.5B.
- Declared Q2 dividend $0.84/share payable June 1, 2026.