ConocoPhillips reported second-quarter 2026 earnings per share of $3.23 and adjusted EPS of $3.24, compared to $1.56 and $1.42 respectively in the prior year period. The company generated $7.4 billion in cash from operating activities and returned $3.0 billion to shareholders through $2.0 billion in share repurchases and dividends. ConocoPhillips declared a third-quarter ordinary dividend of $0.84 per share, payable on September 1, 2026, to stockholders of record as of August 17, 2026. The company also announced the sale of noncore Lower 48 assets for $1.7 billion and an agreement to acquire a 42% interest in a joint venture in northern Iraq. ConocoPhillips is a leading global exploration and production company focused on oil and gas.
