ConocoPhillips stock: Profit doubles as dividend rises 11%

ConocoPhillips reported stronger third-quarter results on Thursday, November 5, 2026, as higher realized prices more than offset lower production. The company said adjusted earnings rose to 3.9 billion US dollars, while its ordinary dividend increased by 11%.

Higher Prices Lift Quarterly Earnings

According to the ConocoPhillips results release, reported third-quarter earnings reached 4.0 billion US dollars, or 3.34 US dollars per share, compared with 1.7 billion US dollars, or 1.38 US dollars per share a year earlier. Adjusted earnings increased to 3.9 billion US dollars from 2.0 billion US dollars, and adjusted earnings per share rose to 3.27 US dollars from 1.61 US dollars.

The improvement was driven primarily by a 32% increase in the average realized price to 61.40 US dollars per barrel of oil equivalent. Total production declined to 2.302 million barrels of oil equivalent per day from 2.399 million, while production after adjusting for closed acquisitions and dispositions fell 2% year over year.

Dividend And Output Set Next Tests

ConocoPhillips raised its quarterly ordinary dividend to 0.93 US dollars per share. The fourth-quarter dividend is payable on December 1, 2026, to shareholders of record at the close of business on November 16. Shareholder distributions totaled 3.4 billion US dollars in the quarter, including 2.4 billion US dollars in share repurchases and 1.0 billion US dollars in ordinary dividends.

Fourth-quarter production is expected to average between 2.32 million and 2.36 million barrels of oil equivalent per day. Full-year capital expenditures and adjusted operating-cost guidance remain unchanged. Management also said Lower 48 production should grow sequentially, while Willow module fabrication was more than 75% complete and first oil remained on track for early 2029.

The real-time quote of ConocoPhillips stock was 122.29 euros on Lang & Schwarz at 16:34 CET on Friday, November 6, 2026.

Since the prior report published on Thursday, November 5, the quote has fallen 2.18%, from 125.02 euros at 16:34 CET to 122.29 euros at 16:34 CET on Friday. That separate report-to-report comparison reflects the latest trading indication rather than a daily exchange close.

Broader sentiment for US energy shares is also influenced by the S&P 500.

More news and analyses on ConocoPhillips stock cover the company, its earnings and its production outlook.