ConocoPhillips · COP · Next earnings

ConocoPhillips reports Thursday, Nov 5, 2026

COP reports before market open with consensus EPS at $3.05 and revenue at $18.59B. Last quarter: COP reaffirmed guidance as production and LNG momentum strengthened

Reports Before market open0 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $3.05 Calendar consensus
Consensus revenue $18.59B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 0 days away

Where COP left off: FY2026 Q2

Full report

COP reaffirmed guidance as production and LNG momentum strengthened

EPS surprise +11.7% Reported $3.24 vs $2.90
Revenue surprise +3.9% Reported $19.52B vs $18.79B
Stock move +1.5% Event window
Subsequent drift +16.2% Up to 20 sessions

Full-year production and cost guidance was reaffirmed. The analysis also describes capital expenditure as decreasing, versus increasing in the prior quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Qatar ramp timing and related geopolitical or operational uncertainty.
  • Commodity-price exposure affecting cash flow and dividend sustainability.
  • Capital intensity before Willow and LNG projects begin contributing cash flow.

Questions analysts left open

  • Timing and assumptions for the Qatar production ramp.
  • Capital-expenditure trajectory after Willow reaches its peak.
  • Sustainability of the 45% payout ratio and share-repurchase strategy.

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Recent COP quarters

All COP earnings
+1.5%FY2026 Q2-1.9%FY2026 Q1-2.3%FY2025 Q3-0.5%FY2025 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.