ConocoPhillips (COP) Q1 2026 (USD): Adj. EPS 1.89 (exp. 1.67), Adj. net income 2.3bln (exp. 2.03bln)

ConocoPhillips reported stronger-than-expected earnings, with adjusted EPS and net income exceeding estimates, which may signal robust operational performance amid volatile oil markets.

Newsquawk StaffPublished 30 Apr 2026, 11:20 UTCOn the live feed at 11:00 UTC — 5 more headlines followed before this page went public

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11:03

International Paper Company (IP) Q1 2026 (USD): EPS 0.18 (exp. 0.14), Revenue 5.97bln (exp. 6.02bln)

11:01

Altria Group Inc. (MO) Q1 2026 (USD): Adj. EPS 1.32 (exp. 1.25), Revenue 4.76bln (exp. 4.58bln); FY adj. EPS view 5.56-5.72 (exp. 5.62)

11:00

ConocoPhillips (COP) Q1 2026 (USD): Adj. EPS 1.89 (exp. 1.67), Adj. net income 2.3bln (exp. 2.03bln)

10:57

Bristol-Myers Squibb Company (BMY) Q1 2026 (USD): EPS 1.58 (exp. 1.42), revenue 11.5bln (exp. 10.9bln). Reaffirms 2026 guidance with total revenue & adj. EPS trending toward upper end of ranges

10:55

Quanta Services Inc. (PWR) Q1 2026 (USD): Adj. EPS 2.68 (exp. 2.04), Revenue 7.9bln (exp. 7.00bln), Adj. EBITDA 686.4mln (exp. 572.4mln)

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ConocoPhillips declared a second-quarter ordinary dividend of USD 0.84/shr, payable June 1, 2026, to stockholders of record at the close of business on May 11, 2026.
Full-year production is expected to be 2.295-2.325 MMBOED. This reflects a 20 MBOED annual adjustment for Qatar, given the exclusion of Qatar production from second-quarter guidance, as well as a 15 MBOED annual royalty rate adjustment at Surmont due to higher oil prices.
Capital spending for 2026 is expected to be 12-12.5bln, including incremental Permian activity. The range reflects uncertainty around the macro environment and North Field East and North Field South capital timing in Qatar.

Context

The declaration of a dividend alongside significant capital spending plans suggests confidence in ongoing production and growth, although uncertainties regarding macro conditions may temper future expectations. Overall, this positions ConocoPhillips favorably within the energy sector, potentially influencing sector peers and broad market sentiment.

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