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ConocoPhillips (COP) guidance and outlook
ConocoPhillips' 10-Q filed Nov 5, 2026 makes 12 forward-looking statements, 1 of them new and 2 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 5, 2026
- At ConocoPhillips, we anticipate that commodity prices will continue to be cyclical and volatile, and our view is that a successful business strategy in the E&P industry must be resilient in lower price environments while also retaining upside during periods of higher prices.
- We have investments in LNG facilities in Qatar, including one producing asset and two projects under construction.
- We believe ConocoPhillips plays an essential role in responsibly meeting the global demand for energy, while continuing to deliver competitive returns on and of capital and working to meet our previously established emissions-reduction targets.
- In the third quarter of 2025, we announced a total disposition target of $5 billion by year-end 2026.
- As a result of these transactions, coupled with our 2025 dispositions, we achieved the $5 billion disposition target.
- new · If we do not receive an offer that meets our expectations for value, we will retain the assets.
- Absent other mitigating factors, as these prices and margins fluctuate, we would expect a corresponding change in our operating cash flows.
- Certain of our project-related contracts, commercial contracts and derivative instruments contain provisions requiring us to post collateral.
- We anticipate returning greater than 30 percent of cash from operating activities through cycles.
- Our 2026 operating plan capital expenditure guidance is currently expected to be approximately $12 to $12.5 billion.
- • Challenges or delays to our execution of, or successful implementation of any future asset dispositions or acquisitions we elect to pursue; potential disruption of our operations, including the diversion of management time and attention; our inability to realize anticipated cost savings or capital expenditure reductions; difficulties integrating acquired businesses and technologies; or other unanticipated changes.
- • Our inability to deploy the net proceeds from any asset dispositions that are pending or that we elect to undertake in the future in the manner and timeframe we anticipate, if at all.
ConocoPhillips' latest quarter
ConocoPhillips, Q3 2026: revenue $19.4B (+29% year over year), operating margin 30.8%, net earnings $4.0B, operating cash flow $7.2B. The chart follows the revenue to costs, profit and cash.
Questions
What does ConocoPhillips expect?
If we do not receive an offer that meets our expectations for value, we will retain the assets.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.