Filing Flows › ConocoPhillips (COP) › Q3 2026
ConocoPhillips (COP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
ConocoPhillips (COP) reported revenue of $19.4B for the third quarter 2026 (Q3 2026), +29% from a year earlier and +1% from the quarter before. Operating margin was 30.8%, net earnings $4.0B (20.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.4B | +1% | +29% |
| Operating profit | $6.0B | -2% | +104% |
| Net earnings | $4.0B | +2% | +132% |
| Operating cash flow | $7.2B | -3% | +22% |
| Free cash flow | $4.1B | — | +35% |
What changed
Revenue was $19.4B in Q3 2026, up 29% year over year and up 1% from the previous quarter. Lower 48 was the largest line at 68% of revenue. Lower 48 added $2.7B year over year (up 26%), 61% of the total change.
Operating profit was $6.0B, a 30.8% margin (up 11.3 points year over year). Of the extra revenue versus Q3 2025, 69% reached operating profit, above the 19% margin then. Total costs grew 11% against revenue growth of 29%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $4.0B, up 132% year over year. The effective tax rate was 33.1%.
Operating cash flow was $7.2B (up 22% year over year), 180% of net earnings. Non-cash charges added back $3.0B of depreciation and amortization. Capital expenditures of $3.1B left free cash flow of $4.1B.
Questions
What was ConocoPhillips' revenue in the third quarter 2026?
ConocoPhillips (COP) reported revenue of $19.4B for the third quarter 2026 (Q3 2026), +29% from a year earlier and +1% from the quarter before.
Was ConocoPhillips profitable in the third quarter 2026?
Operating profit was $6.0B (30.8% of revenue) and net earnings $4.0B.
Source: ConocoPhillips 10-Q on SEC EDGAR.