ConocoPhillips, US20825C1045

ConocoPhillips stock holds at EUR 110.97 after Q2 earnings beat

Published on 09/30/2026 at 10:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ConocoPhillips stock delivered adjusted EPS of USD 3.24 in Q2 2026, 9.5 percent above consensus. It was trading at EUR 110.97 on September 30, 2026, plus 0.33 percent.

Luftaufnahme einer Ölförderanlage in der Tundra bei Sonnenuntergang — ConocoPhillips betreibt eine große Öl und Gas Förderanlage in der arktischen Tundra, ISIN US20825C1045, Illustration mit AI erstellt.

ConocoPhillips (ISIN US20825C1045) was trading at EUR 110.97 at Lang & Schwarz on September 30, 2026, at 10:06 a.m. CEST, plus 0.33 percent versus the EUR 110.60 prior close of September 29, 2026. The company has scheduled its third-quarter 2026 earnings conference call for November 5, 2026, according to ConocoPhillips in a September 24, 2026 news release.

Q2 earnings beat estimates

Second-quarter 2026 delivered the clearest operating signal. According to The Globe and Mail on August 20, 2026, adjusted earnings reached USD 3.24 per share, beating the USD 2.96 consensus estimate by 9.5 percent.

The same report put second-quarter revenue at USD 19.52 billion, 11.3 percent above the USD 17.54 billion consensus mark. The average realized price rose 36 percent to USD 62.33 per barrel of oil equivalent, showing that pricing, rather than production volume alone, drove the earnings comparison.

Projects add a longer runway

ConocoPhillips has expanded commercial liquefied natural gas offtake to 12 million metric tons per year, with projects expected to contribute from 2027, according to The Globe and Mail. Willow in Alaska remains scheduled for first oil in early 2029, while peak project capital spending has passed.

The counter-factor is regional pricing. Lower 48 realized natural gas prices were negative USD 1.44 per thousand cubic feet in the second quarter, compared with positive USD 1.60 a year earlier, according to The Globe and Mail. That spread illustrates how commodity exposure can offset project-driven growth.

Stock remains below its yearly high

ConocoPhillips stock was last quoted at USD 125.44 on the NYSE on September 29, 2026, at 4:00 p.m. ET. The USD 85.57 to USD 141.62 52-week range and USD 152.8 billion market capitalization were also dated September 29, 2026.

Investing.com reported that UBS raised its price target from USD 143.00 to USD 153.00 and kept a Buy rating. The target revision adds an analyst checkpoint to the earnings case, while the upcoming November 5 reporting date gives investors the next scheduled operating test.

Lang & Schwarz quote

At Lang & Schwarz, ConocoPhillips stock was trading at EUR 110.97 on September 30, 2026, at 10:06 a.m. CEST, plus 0.33 percent versus the EUR 110.60 prior close of September 29, 2026.