Filing Flows › ConocoPhillips (COP) › Q2 2026
ConocoPhillips (COP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
ConocoPhillips (COP) reported revenue of $19.2B for the second quarter 2026 (Q2 2026), +37% from a year earlier and +22% from the quarter before. Operating margin was 31.7%, net earnings $3.9B (20.5% of revenue).
ConocoPhillips, Q2 2026: revenue $19.2B (+37% year over year), operating margin 31.7%, net earnings $3.9B, operating cash flow $7.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.2B | +22% | +37% |
| Operating profit | $6.1B | +81% | +102% |
| Net earnings | $3.9B | +80% | +99% |
| Operating cash flow | $7.4B | +73% | +113% |
| Free cash flow | $4.4B | +227% | 22× |
What changed
Revenue was $19.2B in Q2 2026, up 37% year over year and up 22% from the previous quarter.
Operating profit was $6.1B, a 31.7% margin (up 10.2 points year over year). Of the extra revenue versus Q2 2025, 59% reached operating profit, above the 22% margin then. Total costs grew 19% against revenue growth of 37%. The fastest-growing cost line was Cost of revenue (+32%). Net earnings were $3.9B, up 99% year over year. The effective tax rate was 35.4%.
Operating cash flow was $7.4B (up 113% year over year), 189% of net earnings. Non-cash charges added back $3.0B of depreciation and amortization. Working capital and other items added $0.52B. Capital expenditures of $3.0B left free cash flow of $4.4B.
Questions
What was ConocoPhillips' revenue in the second quarter 2026?
ConocoPhillips (COP) reported revenue of $19.2B for the second quarter 2026 (Q2 2026), +37% from a year earlier and +22% from the quarter before.
Was ConocoPhillips profitable in the second quarter 2026?
Operating profit was $6.1B (31.7% of revenue) and net earnings $3.9B.
Source: ConocoPhillips 10-Q on SEC EDGAR.