Skip to main content

CONOCOPHILLIPS

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

COP$135.59+0.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________________ to ___________________

Commission file number:001-32395

ConocoPhillips

(Exact name of registrant as specified in its charter)

Delaware01-0562944
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

925 N. Eldridge Parkway, Houston, TX 77079

(Address of principal executive offices) (Zip Code)

281-293-1000

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbolsName of each exchange on which registered
Common Stock, $.01 Par ValueCOPNew York Stock Exchange
7% Debentures due 2029CUSIP—718507BK1New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒ Accelerated filer☐ Non-accelerated filer☐ Smaller reporting company☐ Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

The registrant had 1,235,718,250 shares of common stock, $.01 par value, outstanding at September 30, 2025.

Table of Contents

Page
Commonly Used Abbreviations1
Part I—Financial Information
Item 1. Financial Statements
Consolidated Income Statement2
Consolidated Statement of Comprehensive Income3
Consolidated Balance Sheet4
Consolidated Statement of Cash Flows5
Notes to Consolidated Financial Statements6
Note 1—Basis of Presentation6
Note 2—Inventories6
Note 3—Acquisitions and Dispositions6
Note 4—Investments and Long-Term Receivables9
Note 5—Debt9
Note 6—Suspended Wells and Exploration Expenses10
Note 7—Changes in Equity11
Note 8—Guarantees12
Note 9—Contingencies, Commitments and Accrued Environmental Costs13
Note 10—Derivative and Financial Instruments16
Note 11—Fair Value Measurement20
Note 12—Accumulated Other Comprehensive Income (Loss)22
Note 13—Cash Flow Information23
Note 14—Related Party Transactions23
Note 15—Employee Benefit Plans24
Note 16—Sales and Other Operating Revenues25
Note 17—Earnings Per Share26
Note 18—Segment Disclosures and Related Information26
Note 19—Income Taxes32
Note 20—New Accounting Standards32
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations33
Item 3. Quantitative and Qualitative Disclosures About Market Risk55
Item 4. Controls and Procedures55
Part II—Other Information
Item 1. Legal Proceedings55
Item 1A. Risk Factors55
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds56
Item 5. Other Information56
Item 6. Exhibits57
Signature58
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.