ConocoPhillips releases transcript of Q2 2026 earnings call
Reuters2026/08/07 18:45Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- ConocoPhillips published a transcript of its Q2 2026 earnings call attended by CEO Ryan Lance, CFO Andy O’Brien, EVP Kirk Johnson, EVP Nick Olds, IR VP Guy Baber.
- Lance set a CEO transition for Sept. 1, with O’Brien to become president and CEO; Lance to become executive chairman.
- Q2 output beat guidance at 2,248,000 boepd; adjusted EPS $3.24; CFO $7.2 billion; capex $3 billion; free cash flow $4.2 billion.
- Shareholder distributions rose to $3 billion, including $2 billion of buybacks; full-year target remains 45% of CFO returned to shareholders.
- Guided Q3 production at 2,290,000-2,320,000 boepd; completed $5 billion dispositions; added 2 mtpa LNG offtake; signed Iraq, Syria growth deals.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConocoPhillips published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.
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