Filing Flows › ConocoPhillips (COP) › Q3 2026 › vs Q2 2026
ConocoPhillips (COP) Q3 2026 vs Q2 2026 (quarter over quarter)
ConocoPhillips's revenue rose $274M (+1%) from $19.2B in Q2 2026 to $19.4B in Q3 2026. The biggest changes: EMENA +$288M (+13%); Lower 48 +$203M (+2%); Alaska Segment −$91.0M (-5%). Operating margin 30.8% against 31.7% (-1.0 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 30.8% | 31.7% | -1.0 pts |
| Net margin | 20.6% | 20.5% | +0.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Lower 48 | $13.2B | $13.0B | $203M | +2% |
| EMENA | $2.6B | $2.3B | $288M | +13% |
| Alaska Segment | $1.8B | $1.9B | −$91.0M | -5% |
| Canada Operating Segment | $1.2B | $1.3B | −$83.0M | -6% |
| Asia Pacific Operating Segment | $630M | $674M | −$44.0M | -7% |
| Revenue | $19.4B | $19.2B | $274M | +1% |
| Operating profit | $6.0B | $6.1B | −$100M | -2% |
| Costs & expenses | $13.5B | $13.1B | $374M | +3% |
| Pre-tax earnings | $6.0B | $6.1B | −$100M | -2% |
| Cost of revenue | $7.4B | $6.7B | $711M | +11% |
| SG&A | $219M | $188M | $31.0M | +16% |
| Other operating costs | $5.8B | $6.2B | −$368M | -6% |
| Net earnings | $4.0B | $3.9B | $70.0M | +2% |
| Income tax | $2.0B | $2.2B | −$170M | -8% |
| Depreciation & amortization | $3.0B | $3.0B | $22.0M | +0.7% |
| Working capital & other | $189M | $520M | −$331M | -64% |
| Operating cash flow | $7.2B | $7.4B | −$239M | -3% |
Questions
How much did ConocoPhillips's revenue grow quarter over quarter in Q3 2026?
ConocoPhillips's revenue rose $274M (+1%) from $19.2B in Q2 2026 to $19.4B in Q3 2026.
What drove ConocoPhillips's revenue change in Q3 2026?
EMENA +$288M (+13%); Lower 48 +$203M (+2%); Alaska Segment −$91.0M (-5%).