ConocoPhillips stock raises dividend after Q3 earnings jump
Published on 11/10/2026 at 13:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat investors should watch next
- ConocoPhillips plans to pay the higher quarterly dividend on December 1, 2026.
- Fourth-quarter production is expected to rise sequentially to 2.32 million to 2.36 million barrels of oil equivalent per day.
- Management remains focused on Lower 48 efficiency, LNG growth and the Willow project.
ConocoPhillips reported sharply higher third-quarter earnings on November 5, 2026, and raised its quarterly ordinary dividend by 11%. The company said stronger realized prices and efficiency gains more than offset lower production, while its fourth-quarter output outlook points to sequential growth.
According to the ConocoPhillips news release, reported net income 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 rose to 3.9 billion US dollars, or 3.27 US dollars per share, from 2.0 billion US dollars, or 1.61 US dollars per share.
Higher prices lift quarterly results
The company attributed the earnings increase primarily to stronger prices, partly offset by lower volumes. The average realized price climbed to 61.40 US dollars per barrel of oil equivalent from 46.44 US dollars in the third quarter of 2025, a 32% increase.
Total production fell to 2.302 million barrels of oil equivalent per day from 2.399 million a year earlier. ConocoPhillips said production declined by 2% on an adjusted basis after accounting for closed acquisitions and dispositions, as Lower 48 growth was more than offset by the impact of the Middle East conflict on Qatar and higher Surmont royalties.
Dividend and cash returns rise
ConocoPhillips lifted the quarterly ordinary dividend to 0.93 US dollars per share from 0.84 US dollars. The higher payment is scheduled for December 1, 2026, for shareholders of record at the close of business on November 16.
The company distributed 3.4 billion US dollars to shareholders during the quarter, including 2.4 billion US dollars in share repurchases and 1.0 billion US dollars in ordinary dividends. Cash from operations reached 7.2 billion US dollars, while capital expenditures and investments totaled 3.1 billion US dollars, producing free cash flow of 4.039 billion US dollars.
Production outlook points higher
Fourth-quarter production is expected to average between 2.32 million and 2.36 million barrels of oil equivalent per day. Full-year capital spending and adjusted operating cost guidance remained unchanged. Management also expects another quarter of sequential Lower 48 growth, while Qatar-related uncertainty remains part of the outlook.
Chief Executive Andy O'Brien said the company was capturing efficiencies across its Lower 48 assets, expanding its commercial LNG portfolio and advancing Willow project milestones. Module fabrication for Willow was more than 75% complete, with first oil still targeted for early 2029.
ConocoPhillips stock traded at 119.14 euros on Lang & Schwarz at 13:11 CET on Tuesday, November 10, 2026.
ConocoPhillips key figures
- Company: ConocoPhillips
- ISIN: US20825C1045
- Exchange: NYSE
- Lang & Schwarz price: 119.14 euros on November 10, 2026, at 13:11 CET
- Third-quarter reported earnings: 4.0 billion US dollars
- Third-quarter adjusted EPS: 3.27 US dollars
- Quarterly ordinary dividend: 0.93 US dollars per share
- Fourth-quarter production outlook: 2.32 million to 2.36 million barrels of oil equivalent per day
The S&P 500 provides the broader U.S. equity-market backdrop for investors following the stock.
