ConocoPhillips stock: Profit surge supports higher dividend

ConocoPhillips reported sharply higher third-quarter 2026 earnings on November 5 and raised its quarterly ordinary dividend by 11%, according to the company's earnings release. The development strengthens shareholder returns while the producer prepares for higher fourth-quarter output.

Higher prices lift quarterly earnings

Reported net income rose to 4.0 billion US dollars, or 3.34 US dollars per share, from 1.7 billion US dollars, or 1.38 US dollars per share, a year earlier. Adjusted earnings increased to 3.9 billion US dollars, or 3.27 US dollars per share, from 2.0 billion US dollars, or 1.61 US dollars per share.

ConocoPhillips said its total average realized price increased 32% to 61.40 US dollars per barrel of oil equivalent. Production declined to 2.302 million barrels of oil equivalent per day from 2.399 million, showing that pricing and efficiency gains outweighed lower volumes in the quarter.

Dividend and production outlook

The quarterly ordinary dividend will rise to 0.93 US dollars per share from 0.84 US dollars. The higher payment is scheduled for December 1, 2026, for shareholders of record at the close of business on November 16.

Fourth-quarter production is expected to average between 2.32 million and 2.36 million barrels of oil equivalent per day. ConocoPhillips also said its full-year capital expenditure and adjusted operating-cost guidance remains unchanged, giving investors a stable spending framework alongside the higher output outlook.

Current share context

ConocoPhillips stock traded at 118.72 euros on Lang & Schwarz at 15:42 CET on Tuesday, November 10, 2026.

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