ConocoPhillips publishes Q3 2026 earnings call transcript

By Public Technologies
  • ConocoPhillips held its third-quarter 2026 earnings call November 5, attended by CEO Andy O'Brien, CFO Konnie Haynes-Welsh and other executives.
  • Management expects modestly lower capital spending in 2027, with low-single-digit underlying production growth driven by the Lower 48.
  • The quarterly dividend rose 11%; shareholder distributions remain targeted at 45% of cash from operations this year and next.
  • Management reiterated a $7 billion free cash flow inflection by 2029, with further growth into the next decade at lower reinvestment rates.
  • Willow remains on track for first oil in early 2029; Qatar's North Field East project is expected online in first-half 2027.


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