Conocophillips 10-Q for FY2026 Q3

Conocophillips (COP)

10-Q 2026-11-05 For: 2026-09-30

Added on November 05, 2026

About this 10-Q

Conocophillips filed this 10-Q on November 5, 2026, covering the quarter ended September 30, 2026 (FY2026 Q3).

Headline figures

Quarter ended September 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $19.44B; up 29.3% from $15.03B a year earlier
Net income: $4B; up 131.8% from net income of $1.73B a year earlier
Diluted EPS: $3.34; up 142.0% from $1.38 a year earlier

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			Delaware			01-0562944
			(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)


Title of each class	Trading symbols	Name of each exchange on which registered
Common Stock, $.01 Par Value	COP	New York Stock Exchange
7% Debentures due 2029	CUSIP—718507BK1	New York Stock Exchange


			Page
Commonly Used Abbreviations			1

Part I—Financial Information

Item 1. Financial Statements
Consolidated Income Statement			2
Consolidated Statement of Comprehensive Income			3
Consolidated Balance Sheet			4
Consolidated Statement of Cash Flows			5
Notes to Consolidated Financial Statements			6
Note 1—Basis of Presentation			6
Note 2—Inventories			6
Note 3—Acquisitions and Dispositions			6
Note 4—Debt			6
Note 5—Suspended Wells and Exploration Expenses			7

Note 6—Investments and Long-Term Receivables			7


Note 7—Guarantees			7
Note 8—Contingencies, Commitments and Accrued Environmental Costs			8
Note 9—Derivative and Financial Instruments			10
Note 10—Fair Value Measurement			14
Note 11—Accumulated Other Comprehensive Income (Loss)			16
Note 12—Changes in Equity			17

Note 13—Cash Flow Information			18
Note 14—Related Party Transactions			18
Note 15—Employee Benefit Plans			19
Note 16—Sales and Other Operating Revenues			20
Note 17—Earnings Per Share			21
Note 18—Segment Disclosures and Related Information			21
Note 19—Income Taxes			27

Note 20—New Accounting Standards			27
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			28
Item 3. Quantitative and Qualitative Disclosures About Market Risk			49
Item 4. Controls and Procedures			49

Part II—Other Information

Item 1. Legal Proceedings			50
Item 1A. Risk Factors			50
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			50
Item 5. Other Information			50
Item 6. Exhibits			51
Signature			52


Currencies		Accounting
$ or USD	U.S. dollar	ARO	asset retirement obligation
CAD	Canadian dollar	ASC	accounting standards codification
EUR	Euro	ASU	accounting standards update
GBP NOK	British pound Norwegian kroner	DD&A	depreciation, depletion and amortization
		EPS	earnings per share
Units of Measurement		FASB	Financial Accounting Standards Board
BBL	barrel
BCF	billion cubic feet	FIFO	first-in, first-out
BOE	barrel of oil equivalent	G&A	general and administrative
MBD	thousand barrels per day	GAAP	generally accepted accounting principles
MCF	thousand cubic feet
MM	million	LIFO	last-in, first-out
MMBOE	million barrels of oil equivalent	NPNS	normal purchase normal sale
MBOED	thousand barrels of oil equivalent per	PP&E	properties, plants and equipment
	day	VIE	variable interest entity
MMBOED	million barrels of oil equivalent per day
MMBTU	million British thermal units
MMCFD	million cubic feet per day	Miscellaneous
MTPA	million tonnes per annum	EPA	Environmental Protection Agency
		ESG	environmental, social and governance
Industry		EU	European Union
BLM	Bureau of Land Management	FERC	Federal Energy Regulatory Commission
CBM	coalbed methane
E&P	exploration and production	GHG	greenhouse gas
FEED	front-end engineering and design	HSE	health, safety and environment
FID	final investment decision	ICC	International Chamber of Commerce
FPS	floating production system	ICSID	World Bank’s International
FPSO	floating production, storage and		Centre for Settlement of
	offloading		Investment Disputes
G&G	geological and geophysical	IRS	Internal Revenue Service
JOA	joint operating agreement	OTC	over-the-counter
LNG	liquefied natural gas	NYSE	New York Stock Exchange
NGLs	natural gas liquids	SEC	U.S. Securities and Exchange
OPEC	Organization of Petroleum		Commission
	Exporting Countries	TSR	total shareholder return
PSC	production sharing contract	U.K.	United Kingdom
PUDs	proved undeveloped reserves	U.S.	United States of America
SAGD	steam-assisted gravity drainage
WCS	Western Canadian Select
WTI	West Texas Intermediate


	Millions of Dollars
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025
Revenues and other income
Sales and other operating revenues	$	19,435	15,031	54,357	45,552
Equity in earnings of affiliates	448		345	934	1,052
Gain (loss) on dispositions	54		3	73	399
Other income	120		143	269	360
Total revenues and other income	20,057		15,522	55,633	47,363
Costs and expenses
Purchased commodities	7,423		5,857	20,418	17,130
Production and operating expenses	2,440		2,632	7,147	7,710
Selling, general and administrative expenses	219		271	600	712
Exploration expenses	60		71	244	269
Depreciation, depletion and amortization	3,005		2,917	8,894	8,501
Impairments	18		10	39	12
Taxes other than income taxes	648		525	2,048	1,648
Accretion on discounted liabilities	99		94	295	283
Interest and debt expense	142		223	522	660
Foreign currency transaction (gain) loss	10		(6)	(15)	21
Other expenses	11		—	14	6
Total costs and expenses	14,075		12,594	40,206	36,952
Income (loss) before income taxes	5,982		2,928	15,427	10,411
Income tax provision (benefit)	1,981		1,202	5,312	3,865


Net income (loss)	$	4,001	1,726	10,115	6,546

Net income (loss) per share of common stock (dollars)
Basic	$	3.34	1.38	8.33	5.18
Diluted	3.34		1.38	8.32	5.18
Weighted-average common shares outstanding (in thousands)
Basic	1,195,037		1,245,253	1,210,736	1,258,602
Diluted	1,195,864		1,246,854	1,211,527	1,260,059


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Consolidated Statement of Comprehensive Income			ConocoPhillips


	Millions of Dollars
	September 30 2026		December 31 2025
Assets
Cash and cash equivalents	$	7,765	6,497
Short-term investments	2,164		484
Accounts and notes receivable, net	7,916		5,813



Inventories	1,977		1,873
Prepaid expenses and other current assets	1,046		865
Total current assets	20,868		15,532
Investments and long-term receivables	10,598		10,185

Net properties, plants and equipment (net of accumulated DD&A of $99,304 and $90,396, respectively)	91,148		93,239
Other assets	3,459		2,983
Total assets	$	126,073	121,939

Liabilities
Accounts payable	$	7,472	6,218


Short-term debt	878		1,020
Accrued income and other taxes	2,830		1,835
Employee benefit obligations	695		1,136
Other accruals	1,870		1,763
Total current liabilities	13,745		11,972
Long-term debt	22,384		22,424
Asset retirement obligations and accrued environmental costs	8,507		8,214
Deferred income taxes	12,551		12,237
Employee benefit obligations	969		969
Other liabilities and deferred credits	1,926		1,636
Total liabilities	60,082		57,452

Equity
Common stock (2,500,000,000 shares authorized at $.01 par value)
Issued (2026—2,256,255,427 shares; 2025—2,253,518,282 shares)
Par value	23		23
Capital in excess of par	77,881		77,728
Treasury stock (at cost: 2026—1,073,920,370 shares; 2025—1,028,350,186 shares)	(81,675)		(76,217)
Accumulated other comprehensive income (loss)	(6,154)		(5,911)
Retained earnings	75,916		68,864
Total equity	65,991		64,487
Total liabilities and equity	$	126,073	121,939


	Open Position Long (Short)
	September 30 2026	December 31 2025
Commodity
Natural gas and power (BCF equivalent)
Fixed price	(54)	(15)
Basis	(3)	(17)


	Millions of Dollars
	Carrying Amount
	Cash and cash equivalents			Short-term investments
	September 30 2026		December 31 2025	September 30 2026	December 31 2025
Cash	$	513	543
Demand deposits	4,269		3,781
Time deposits
1 to 90 days	2,777		975	1,707	6
91 to 180 days				4	17
Within one year				—	8
U.S. government obligations
1 to 90 days	185		1,198	—	—
	$	7,744	6,497	1,711	31


	Millions of Dollars
	Amortized Cost Basis			Fair Value
	September 30 2026		December 31 2025	September 30 2026	December 31 2025
Major Security Type
Corporate bonds	$	1,007	953	996	959
Commercial paper	107		72	107	72
U.S. government obligations	271		268	267	270
U.S. government agency obligations	1		1	1	1
Foreign government obligations	20		18	20	18
Asset-backed securities	207		280	206	281
	$	1,613	1,592	1,597	1,601


	Millions of Dollars
	September 30, 2026					December 31, 2025
	Level 1		Level 2	Level 3	Total	Level 1	Level 2	Level 3	Total
Assets
Investments in debt securities	$	266	1,331	—	1,597	270	1,331	—	1,601
Commodity derivatives	1,001		465	37	1,503	306	230	68	604
Total assets	$	1,267	1,796	37	3,100	576	1,561	68	2,205

Liabilities
Commodity derivatives	979		288	104	1,371	354	124	60	538

Total liabilities	$	979	288	104	1,371	354	124	60	538


	Millions of Dollars
				Amounts Subject to Right of Setoff
	Gross Amounts Recognized		Amounts Not Subject to Right of Setoff	Gross Amounts	Gross Amounts Offset	Net Amounts Presented	Cash Collateral	Net Amounts
September 30, 2026
Assets	$	1,503	50	1,453	1,067	386	44	342
Liabilities	1,371		47	1,324	1,067	257	51	206

December 31, 2025
Assets	$	604	2	602	361	241	6	235
Liabilities	538		1	537	361	176	53	123


	Millions of Dollars
	Defined Benefit Plans		Unrealized Holding Gain/(Loss) on Securities	Foreign Currency Translation	Unrealized Gain/(Loss) on Hedging Activities	Accumulated Other Comprehensive Income/(Loss)
December 31, 2025	$	(335)	8	(5,602)	18	(5,911)
Other comprehensive income (loss)	40		(20)	(263)	—	(243)
September 30, 2026	$	(295)	(12)	(5,865)	18	(6,154)


Financial Statements			Table of Contents


Financial Statements			Table of Contents


Financial Statements			Table of Contents


Financial Statements			Table of Contents


	Millions of Dollars

	Common Stock
	Par Value		Capital in Excess of Par	Treasury Stock	Accum. Other Comprehensive Income (Loss)	Retained Earnings	Total
For the three months ended September 30, 2026
Balances at June 30, 2026	$	23	77,832	(79,251)	(6,176)	72,921	65,349
Net income (loss)						4,001	4,001
Other comprehensive income (loss)					22		22

Dividend declared ($0.84 per common share)						(1,007)	(1,007)

Repurchase of company common stock				(2,401)			(2,401)
Excise tax on share repurchases				(24)			(24)
Distributed under benefit plans			49				49
Other				1		1	2
Balances at September 30, 2026	$	23	77,881	(81,675)	(6,154)	75,916	65,991

For the nine months ended September 30, 2026
Balances at December 31, 2025	$	23	77,728	(76,217)	(5,911)	68,864	64,487
Net income (loss)						10,115	10,115
Other comprehensive income (loss)					(243)		(243)

Dividends declared ($2.52 per common share)						(3,064)	(3,064)

Repurchase of company common stock				(5,407)			(5,407)
Excise tax on share repurchases				(51)			(51)
Distributed under benefit plans			153				153
Other						1	1
Balances at September 30, 2026	$	23	77,881	(81,675)	(6,154)	75,916	65,991


	Millions of Dollars
	Pension Benefits					Other Benefits
	2026			2025		2026	2025
	U.S.		Int'l.	U.S.	Int'l.
Components of net periodic benefit cost
Three months ended September 30
Service cost	$	10	8	15	7	—	—
Interest cost	21		34	24	32	2	2
Expected return on plan assets	(18)		(53)	(20)	(46)
Amortization of prior service cost (credit)	—		1	—	1	—	(7)
Recognized net actuarial loss (gain)	2		9	3	12	—	—
Settlements	14		—	—	—	—	—


Net periodic benefit cost	$	29	(1)	22	6	2	(5)

Nine Months Ended September 30
Service cost	$	32	24	44	23	1	1
Interest cost	61		103	70	94	5	6
Expected return on plan assets	(56)		(159)	(58)	(135)
Amortization of prior service cost (credit)	—		3	—	2	(2)	(19)
Recognized net actuarial loss (gain)	6		27	8	35	—	—
Settlements	28		—	—	1	—	—


Net periodic benefit cost	$	71	(2)	64	20	4	(12)


	Millions of Dollars
Balance at December 31, 2025	$	378
Accruals	46
Benefit payments	(296)

Balance at September 30, 2026*	$	128


	Millions of Dollars (except per share amounts)
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025
Basic earnings per share

Net income (loss)	$	4,001	1,726	10,115	6,546
Less: Dividends and undistributed earnings
allocated to participating securities	12		6	31	22
Net income (loss) available to common shareholders	$	3,989	1,720	10,084	6,524
Weighted-average common shares outstanding (in millions)	1,195		1,245	1,211	1,259

Net income (loss) per share of common stock	$	3.34	1.38	8.33	5.18

Diluted earnings per share

Net income (loss) available to common shareholders	$	3,989	1,720	10,084	6,524
Weighted-average common shares outstanding (in millions)	1,195		1,245	1,211	1,259
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs (in millions)	1		2	1	1
Weighted-average diluted shares outstanding (in millions)	1,196		1,247	1,212	1,260

Net income (loss) per share of common stock	$	3.34	1.38	8.32	5.18


Three Months Ended September 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	1,782	13,234	1,879	2,564	630	20,089	16	20,105
Intersegment eliminations	—		(3)	(658)	—	—	(661)	(9)	(670)
Consolidated sales and other operating revenues#	1,782		13,231	1,221	2,564	630	19,428	7	19,435

Significant segment expenses*
Production and operating expenses	500		1,335	203	275	96	2,409	31	2,440
Depreciation, depletion and amortization	353		2,155	152	232	104	2,996	9	3,005
Income tax provision (benefit)	132		651	65	1,301	67	2,216	(235)	1,981
Total	985		4,141	420	1,808	267	7,621	(195)	7,426

Other segment items
Equity in earnings of affiliates	—		—	—	(56)	(366)	(422)	(26)	(448)
Interest income	—		—	—	—	—	—	(104)	(104)
Interest and debt expense	—		—	—	—	—	—	142	142
Other**	374		6,629	622	450	201	8,276	142	8,418
Total	374		6,629	622	394	(165)	7,854	154	8,008

Net income (loss)	$	423	2,461	179	362	528	3,953	48	4,001
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.6 billion, $0.1 billion and $0.5 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP

Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: Alaska, L48, EMENA and Corporate


Three Months Ended September 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	1,443	10,541	1,414	1,578	515	15,491	24	15,515
Intersegment eliminations	—		(3)	(473)	—	—	(476)	(8)	(484)
Consolidated sales and other operating revenues#	1,443		10,538	941	1,578	515	15,015	16	15,031

Significant segment expenses*
Production and operating expenses	564		1,434	218	213	101	2,530	102	2,632
Depreciation, depletion and amortization	327		2,079	142	245	113	2,906	11	2,917
Income tax provision (benefit)	61		345	60	676	89	1,231	(29)	1,202
Total	952		3,858	420	1,134	303	6,667	84	6,751

Other segment items
Equity in earnings of affiliates	—		(3)	—	(157)	(194)	(354)	9	(345)
Interest income	—		—	—	—	(2)	(2)	(60)	(62)
Interest and debt expense	—		—	—	—	—	—	223	223
Other**	361		5,443	333	274	99	6,510	228	6,738
Total	361		5,440	333	117	(97)	6,154	400	6,554

Net income (loss)	$	130	1,240	188	327	309	2,194	(468)	1,726
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.5 billion, $0.1 billion and $0.1 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income and Selling, general and administrative expenses: L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: L48
Foreign currency transaction (gain) loss: Canada, AP and Corporate

Other expenses: L48, EMENA and Corporate


Nine Months Ended September 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	5,178	37,351	5,477	6,467	1,805	56,278	53	56,331
Intersegment eliminations	—		(12)	(1,935)	—	—	(1,947)	(27)	(1,974)
Consolidated sales and other operating revenues#	5,178		37,339	3,542	6,467	1,805	54,331	26	54,357

Significant segment expenses*
Production and operating expenses	1,497		3,864	682	802	263	7,108	39	7,147
Depreciation, depletion and amortization	1,051		6,353	437	712	314	8,867	27	8,894
Income tax provision (benefit)	383		1,768	196	3,059	237	5,643	(331)	5,312
Total	2,931		11,985	1,315	4,573	814	21,618	(265)	21,353

Other segment items
Equity in earnings of affiliates	—		—	—	(196)	(697)	(893)	(41)	(934)
Interest income	—		—	—	—	—	—	(293)	(293)
Interest and debt expense	—		—	—	—	—	—	522	522
Other**	1,008		18,906	1,643	1,117	476	23,150	444	23,594
Total	1,008		18,906	1,643	921	(221)	22,257	632	22,889

Net income (loss)	$	1,239	6,448	584	973	1,212	10,456	(341)	10,115
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $3.7 billion, $0.5 billion and $1.1 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: Alaska, L48, Canada, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP

Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska and L48
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: Alaska, L48, EMENA and Corporate


Nine Months Ended September 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	4,368	32,055	4,280	4,918	1,410	47,031	56	47,087
Intersegment eliminations	—		(6)	(1,506)	—	—	(1,512)	(23)	(1,535)
Consolidated sales and other operating revenues#	4,368		32,049	2,774	4,918	1,410	45,519	33	45,552

Significant segment expenses*
Production and operating expenses	1,616		4,399	635	669	251	7,570	140	7,710
Depreciation, depletion and amortization	1,043		5,986	416	662	350	8,457	44	8,501
Income tax provision (benefit)	247		1,175	191	2,191	220	4,024	(159)	3,865
Total	2,906		11,560	1,242	3,522	821	20,051	25	20,076

Other segment items
Equity in earnings of affiliates	—		(11)	—	(445)	(585)	(1,041)	(11)	(1,052)
Interest income	—		—	—	—	(6)	(6)	(199)	(205)
Interest and debt expense	—		—	—	—	—	—	660	660
Other**	870		16,071	939	858	230	18,968	559	19,527
Total	870		16,060	939	413	(361)	17,921	1,009	18,930

Net income (loss)	$	592	4,429	593	983	950	7,547	(1,001)	6,546
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $4.2 billion, $0.5 billion and $0.5 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate


Impairments: L48 and EMENA

Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: Alaska, L48, EMENA and Corporate


Sales and other operating revenues by geographic location*	Millions of Dollars
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025

U.S.	$	14,943	11,887	42,310	36,136









International	4,492		3,144	12,047	9,416
Worldwide consolidated	$	19,435	15,031	54,357	45,552


	Three Months Ended September 30
Industry Prices	2026	2025	Change
Brent ($ per BBL)	97.00	69.07	40	%
WTI ($ per BBL)	85.79	64.93	32	%
Henry Hub ($ per MMBTU)	2.96	3.07	(4)	%

Average Realized Prices
Crude ($ per BBL)	88.80	66.13	34	%
Bitumen ($ per BBL)	57.58	41.58	38	%

Gas ($ per MCF)	5.70	4.28	33	%
Total ($ per BOE)	61.40	46.44	32	%


	Dollars Per Unit
Average Realized Prices
Crude oil (per BBL)
Consolidated operations	$	88.93	66.12	87.46	67.31
Equity affiliates	68.31		67.56	68.40	69.85
Total crude oil	88.80		66.13	87.35	67.34

Natural gas liquids (per BBL)
Consolidated operations	25.23		18.71	23.31	21.24
Equity affiliates	21.48		44.39	37.39	48.42
Total natural gas liquids	25.19		19.20	23.45	21.74

Bitumen (per BBL)	57.58		41.58	56.25	42.07

Natural gas (per MCF)
Consolidated operations	4.82		3.11	3.28	3.61
Equity affiliates	7.73		7.00	6.51	7.16
Total natural gas	$	5.70	4.28	4.20	4.69


	Millions of Dollars
	Nine Months Ended September 30, 2026
Revenues and Other Income	$	39,795
Income (loss) before income taxes*	9,669

Net income (loss)	10,115


					Millions of Dollars
Period	Total Number of Shares Purchased*	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
July 1 - 31, 2026	5,887,920	$	112.09	5,887,920	$	22,044
August 1 - 31, 2026	5,408,034	125.96		5,408,034	21,362
September 1 - 30, 2026	7,997,976	132.39		7,997,976	20,304
	19,293,930			19,293,930




10.1*			Form of 2026 Retention Award Agreement, granted under the 2023 Omnibus Stock and Performance Incentive Plan of ConocoPhillips.

22			Subsidiary Guarantors of Guaranteed Securities (incorporated by reference to Exhibit 22 to the Quarterly Report on Form 10-Q of ConocoPhillips filed on April 30, 2026).

31.1*			Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.

31.2*			Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.

32**			Certifications pursuant to 18 U.S.C. Section 1350.

101.INS*			Inline XBRL Instance Document.

101.SCH*			Inline XBRL Schema Document.

101.CAL*			Inline XBRL Calculation Linkbase Document.

101.LAB*			Inline XBRL Labels Linkbase Document.

101.PRE*			Inline XBRL Presentation Linkbase Document.

101.DEF*			Inline XBRL Definition Linkbase Document.

104*			Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


			CONOCOPHILLIPS

			/s/ Greig Patterson
			Greig Patterson
			Vice President, Finance and Controller

November 5, 2026


			/s/ Andrew M. O’Brien
			Andrew M. O’Brien
			President and Chief Executive Officer


			/s/Kontessa Haynes-Welsh
			Kontessa Haynes-Welsh
			Chief Financial Officer
			and Senior Vice President, Digital and Transformation