ConocoPhillips (COP) Expected to Announce Quarterly Earnings on Thursday

Key Points

• Q3 2026 earnings are expected Thursday, November 5: Analysts forecast earnings of $3.05 per share on $18.56 billion in revenue. ConocoPhillips previously beat estimates with $3.24 EPS and $19.52 billion in revenue.
• Shares have shown strong momentum: COP recently traded near its 52-week high and above its 50-day moving average, while the stock offers a $0.84 quarterly dividend, equivalent to a 2.3% yield.
• Analyst sentiment remains moderately bullish but valuation concerns persist: The stock has a “Moderate Buy” consensus, though the average $145 price target is below its recent trading level. Planned Canadian job cuts add execution and sentiment risk.

ConocoPhillips (NYSE:COP - Get Free Report) is anticipated to release its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect ConocoPhillips to post earnings of $3.05 per share and revenue of $18.56 billion for the quarter. Parties may visit the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 12:00 PM ET.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.34. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The business's revenue for the quarter was up 32.4% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. On average, analysts expect ConocoPhillips to post $11.42 EPS for the current fiscal year and $10.95 EPS for the next fiscal year.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $148.95 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $152.77. The stock has a market cap of $178.94 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.47 and a beta of 0.24. The stock has a fifty day moving average of $135.37 and a 200-day moving average of $120.50.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.3%. ConocoPhillips's dividend payout ratio (DPR) is currently 44.44%.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the transaction, the senior vice president owned 9,593 shares of the company's stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Technical momentum improved: COP reclaimed its 50-day moving average, a signal that technical analysts view as supportive of a short-term bullish trend. ConocoPhillips Just Reclaimed the 50-Day Moving Average
• Positive Sentiment: Oil-sector tailwinds remain favorable: ConocoPhillips and other major producers have benefited from elevated crude prices, partly linked to geopolitical tensions. The company recently reached a fresh 52-week high, reinforcing the stock’s momentum. ConocoPhillips Reaches a Fresh 52-Week High
• Neutral Sentiment: Analyst view is cautious but not bearish: Piper Sandler initiated coverage with a “neutral” rating and a $157 price target, implying modest additional upside. The average target cited elsewhere is $145, below recent trading levels, suggesting valuation may already reflect much of the favorable outlook. Piper Sandler ConocoPhillips Rating
• Neutral Sentiment: Momentum has been strong but volatile: COP gained 2.93% over the prior week before declining during the latest completed session, indicating continued sensitivity to broader market and energy-price movements. ConocoPhillips Weekly Momentum
• Negative Sentiment: Canadian workforce reductions add execution and sentiment risk: ConocoPhillips plans another round of Canadian job cuts as it restructures regional operations and aligns staffing with project priorities. The move may reduce costs, but it also highlights portfolio pressures and potential employee-relations risks. ConocoPhillips Plans Job Cuts in Canada

Analyst Upgrades and Downgrades

A number of research firms have weighed in on COP. Piper Sandler started coverage on ConocoPhillips in a report on Tuesday. They set a "neutral" rating and a $157.00 target price for the company. Morgan Stanley upped their price target on ConocoPhillips from $151.00 to $159.00 and gave the company an "overweight" rating in a research report on Thursday, October 15th. Wall Street Zen raised shares of ConocoPhillips from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Jefferies Financial Group raised their price objective on shares of ConocoPhillips from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Finally, William Blair initiated coverage on shares of ConocoPhillips in a research report on Wednesday. They issued a "market perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.00.

About ConocoPhillips

ConocoPhillips NYSE: COP is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company's portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.

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