ConocoPhillips, US20825C1045

ConocoPhillips stock secures a 20-year LNG supply deal

Published on 10/06/2026 at 18:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ConocoPhillips stock traded at USD 129.66 on October 6, 2026, as a 20-year LNG deal shaped the latest company news. Second-quarter revenue rose 32.4 percent.

Isometrische 3D-Illustration der Öl- und Gas-Wertschöpfungskette von Plattform bis Tankwagen — ConocoPhillips isometrisches 3D Diagramm der Öl und Gas Wertschöpfungskette von Förderung bis Vertrieb, US20825C1045, Illustration mit AI erstellt.

ConocoPhillips (ISIN US20825C1045) was trading at USD 129.66 on NYSE on October 6, 2026 at 12:13 p.m. ET, up 0.99 percent from USD 128.40. The company has also secured a long-term LNG supply agreement that expands its contracted gas portfolio from 2030.

Twenty years of LNG supply

According to Venture Global on October 1, 2026, ConocoPhillips will buy 1.0 million tonnes per annum of LNG for 20 years, with deliveries beginning in 2030.

The agreement gives ConocoPhillips a defined U.S. LNG supply stream, but its earnings effect is scheduled for the future because deliveries start in 2030. Reuters reported on October 1, 2026 that ConocoPhillips also holds a 30 percent interest in QatarEnergy's Ras Laffan LNG project.

Second-quarter earnings set the benchmark

ConocoPhillips reported USD 19.52 billion in second-quarter revenue for the period ended June 30, 2026, up 32.4 percent from the prior-year quarter, according to MarketBeat. Adjusted EPS was USD 3.24, exceeding the USD 2.90 consensus estimate by USD 0.34.

The earnings comparison is material because second-quarter EPS was USD 1.42 in the year-earlier period, while the revenue increase shows the contribution from stronger realized commodity prices. MarketBeat also reported a quarterly dividend of USD 0.84 per share, paid on September 1, 2026.

Consensus target stays above the quote

MarketBeat reported a Moderate Buy consensus from 27 analysts on October 6, 2026, with an average price target of USD 142.50. That target lies 9.9 percent above the NYSE price of USD 129.66, giving the consensus a measurable premium to the current quote rather than a directional forecast.

NYSE price and valuation

ConocoPhillips was trading at USD 129.66 on NYSE on October 6, 2026 at 12:13 p.m. ET, with volume of 1,490,147 shares. The stock's 52-week range was USD 85.57 to USD 141.62, placing the quote USD 11.96 below the yearly high.