ConocoPhillips Q2 2026 EPS $3.23 vs $1.56 YoY; doubles share repurchases to $2B

CONOCOPHILLIPS

Q2 2026 earnings $3.9B ($3.23/sh) vs $2.0B ($1.56/sh) YoY; adjusted EPS $3.24.
Cash from operations $7.2B; total shareholder distributions $3.0B (incl $2B buybacks).
Achieved $5B asset disposition target ahead of schedule; signed Iraq JV (42% interest) and Syria re-entry.
Declared Q3 dividend $0.84/sh, payable Sept 1, 2026; reaffirmed full-year guidance.
Lower 48 production 1,479 MBOED; total company production 2,248 MBOED.

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