One of the world's largest independent oil and gas producers, ConocoPhillips focuses on finding and extracting crude oil, natural gas, natural gas liquids, and liquefied natural gas rather than running refineries or gas stations. The company was born in 2002 from a merger of Conoco Inc. and Phillips Petroleum Company, the latter founded in 1917 by brothers Frank and L.E. Phillips. Its Conoco name traces to the Continental Oil and Transportation Company, founded in 1875, which distributed kerosene to pioneers in the American West.
ConocoPhillips names Andy O'Brien CEO, Ryan Lance to become Executive Chair effective Sept. 1, 2026
Kontessa S. Haynes-Welsh will become Senior Vice President and CFO, and Greig Patterson will become Vice President, Finance and Controller, both effective September 1, 2026.
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On August 6, 2026, ConocoPhillips announced that Andy M. O'Brien, current EVP, Strategy, Commercial and CFO, will become President and CEO and join the Board effective September 1, 2026.
Ryan M. Lance will retire as President and CEO and become Executive Chair of the Board effective September 1, 2026.
As Executive Chair, Lance's base salary will be reduced to $1.1 million, with a 2027 long-term incentive target of $12.4 million and no VCIP participation.
O'Brien will receive a base salary of $1.7 million, a VCIP target of 160% of base salary, and a long-term incentive target of $13.08 million.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
ConocoPhillips reports Q4 and full-year 2025 results; announces 2026 guidance and dividend
Fourth-quarter 2025 earnings were $1.4 billion, or $1.17 per share, compared with $2.3 billion, or $1.90 per share, in the same period of 2024.
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Full-year 2025 earnings were $8.0 billion, or $6.35 per share, compared with $9.2 billion, or $7.81 per share in 2024.
2026 guidance includes capital expenditures of approximately $12 billion, adjusted operating costs of $10.2 billion, and production of 2.33 to 2.36 MMBOED.
Declared first-quarter 2026 ordinary dividend of $0.84 per share, payable March 2, 2026.
Plans to return 45% of CFO to shareholders in 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
ConocoPhillips reports Q3 2025 EPS of $1.38, raises dividend 8% to $0.84, and issues preliminary 2026 guidance.
Third-quarter 2025 earnings were $1.7 billion, or $1.38 per share, compared with $2.1 billion, or $1.76 per share, in the same period a year ago.
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Adjusted earnings for Q3 2025 were $2.0 billion, or $1.61 per share, versus $2.1 billion, or $1.78 per share, in Q3 2024.
The company raised its quarterly ordinary dividend by 8% to $0.84 per share, payable December 1, 2025.
Full-year 2025 production guidance was raised to 2.375 MMBOED, and adjusted operating cost guidance was lowered to $10.6 billion.
Preliminary 2026 guidance includes approximately $12 billion in capital expenditures, $10.2 billion in adjusted operating costs, and 0 to 2% underlying production growth.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
ConocoPhillips reports Q2 2025 EPS of $1.56, declares $0.78 dividend
Reported second-quarter 2025 earnings of $2.0 billion, or $1.56 per share, compared with $2.3 billion, or $1.98 per share, in Q2 2024.
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Adjusted earnings for Q2 2025 were $1.8 billion, or $1.42 per share, versus $2.3 billion, or $1.98 per share, a year earlier.
Generated cash from operations (CFO) of $4.7 billion and cash provided by operating activities of $3.5 billion in the quarter.
Declared a third-quarter ordinary dividend of $0.78 per share, payable September 2, 2025.
Signed agreement to sell Anadarko Basin assets for $1.3 billion, expected to close early Q4 2025; increased disposition target to $5 billion by year-end 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits