ConocoPhillips stock enters results week as EPS estimate jumps 84.5%

ConocoPhillips is scheduled to release its third-quarter 2026 results before the opening bell on Thursday, November 5. In a preview published on October 29, Zacks said its consensus view called for third-quarter earnings per share to rise 84.5 percent from the prior-year period.

Zacks projected revenue of 18.2 billion US dollars, implying growth of 17.5 percent from the year-earlier quarter. The research firm also said ConocoPhillips had exceeded consensus earnings estimates in three of the previous four quarters, with one miss and an average surprise of 7.04 percent.

Oil prices shape the earnings setup

The outlook is tied closely to the company's upstream exposure. Zacks cited U.S. Energy Information Administration figures showing average Cushing, Oklahoma, WTI spot prices of 80.46 US dollars per barrel in July, 83.90 US dollars in August and 97.31 US dollars in September. The corresponding prior-year monthly averages were 68.39, 64.86 and 63.96 US dollars.

Zacks said the stronger oil-price backdrop was likely to have supported ConocoPhillips' exploration and production business during the September quarter. That backdrop gives investors a key operating reference alongside the earnings and revenue estimates, but the company's reported production, costs and outlook will determine how much of the commodity benefit reached results.

Quote and investor focus

ConocoPhillips stock traded at 137.99 euros on Lang & Schwarz at 17:12 CET on Sunday, November 1, 2026.

Investors can follow the real-time quote of ConocoPhillips stock as the reporting date approaches.

Broader market sentiment remains relevant for energy shares; investors can review current S&P 500 market coverage.

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