ConocoPhillips releases transcript of Q2 2026 earnings call
Reuters2026/08/07 18:45- 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.
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