ConocoPhillips

New York Stock Exchange
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Bullish +75

ConocoPhillips stock reports a Q2 earnings beat

Earnings report AI-generated analysis

📈 ConocoPhillips beat Q2 2026 EPS estimates with a result of USD 3.24 versus the consensus of USD 2.90.

💰 Revenue surged to USD 19.52 billion, marking a 32.4% year-over-year increase and beating analyst expectations.

📊 The quarterly earnings were significantly higher than the prior-year quarter, with EPS rising from USD 1.42 to USD 3.24.

💵 The company paid a quarterly dividend of USD 0.84 per share, annualizing to USD 3.36.

👍 Analyst consensus is Moderate Buy with 17 Buy ratings out of 27 total analysts covering the stock.

🎯 The average 12-month price target is USD 140.29, indicating upside potential from recent trading levels.

🗓️ Investors are scheduled to attend the Q3 earnings conference call on November 5, 2026.

🌍 ConocoPhillips operates across 15 countries producing crude oil, natural gas, LNG, and natural gas liquids.

🏢 The company maintains a market capitalization of USD 153.6 billion as of late September 2026.

📉 Despite the earnings beat, the stock traded down slightly in European markets on the reporting day.

Bullish Signals
  • ConocoPhillips delivered a Q2 EPS of USD 3.24, beating the consensus estimate of USD 2.90 and demonstrating strong profitability.
  • Revenue reached USD 19.52 billion, up 32.4% year over year, significantly exceeding the analyst forecast of USD 18.79 billion.
  • The quarterly earnings result was USD 1.82 higher than the prior-year quarter's EPS of USD 1.42, showing robust growth.
  • Analysts maintain a Moderate Buy consensus with an average 12-month price target of USD 140.29, above recent trading prices.
  • The company continues to support shareholders with a quarterly dividend of USD 0.84 per share.
Full Analysis
ConocoPhillips reported a strong second-quarter performance for 2026, beating analyst expectations on both earnings per share and revenue. The company posted Q2 EPS of USD 3.24, significantly surpassing the consensus estimate of USD 2.90. Revenue reached USD 19.52 billion, representing a substantial 32.4% year-over-year increase and exceeding the analyst forecast of USD 18.79 billion. This robust financial result highlights ConocoPhillips' operational efficiency and strong market position in the energy sector. The quarterly earnings were notably higher than the prior-year quarter's EPS of USD 1.42, reflecting a significant improvement in profitability. The company also maintained its commitment to shareholders with a quarterly dividend of USD 0.84 per share. Analyst sentiment remains positive following the earnings release, with MarketBeat reporting a Moderate Buy consensus from 27 analysts. The average 12-month price target stands at USD 140.29, which is above the recent trading price on the NYSE. Investors are now awaiting the third-quarter earnings conference call scheduled for November 5, 2026, to assess future guidance. ConocoPhillips continues to operate as an independent exploration and production company with a global footprint spanning crude oil, natural gas, LNG, and natural gas liquids across 15 countries. The strong Q2 results reinforce its status as a key player in the energy industry, supported by a market capitalization of approximately USD 153.6 billion.