Energy company Conoco Phillips’ adjusted earnings per share were better than expected in the third quarter
Adjusted earnings per share were USD 3.27 (1.61), which is 7.2 percent better than analyst consensus of 3.05.
Shareholder distributions increased to USD 3.4 billion, of which USD 2.4 billion consisted of buybacks. The company is on track to return 45 percent of cash flow from operations in 2026.
Production in the fourth quarter is expected to amount to 2.32–2.36 million barrels of oil equivalent per day. The forecasts for full-year investments and adjusted operating expenses remain unchanged.
Conoco Phillips raises its quarterly dividend by 11 percent to USD 0.93 per share.
Conoco Phillips, USD billionQ3-2026ConsensusChange versus consensusQ3-2025ChangeAdjusted earnings per share, USD3.273.057.2%1.61103.1%Consensus data from FactSet
