CONOCOPHILLIPS
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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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.
Jun 30, 2026 · Filed Aug 6, 2026
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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 June 30, 2026
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)
| Delaware | 01-0562944 |
| (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 class | Trading symbols | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $.01 Par Value | COP | New York Stock Exchange |
| 7% Debentures due 2029 | CUSIP—718507BK1 | New 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 1,201,337,479 shares of common stock, $.01 par value, outstanding at June 30, 2026.
Table of Contents
| Page | |
|---|---|
| Commonly Used Abbreviations | 1 |
| Part I—Financial Information | |
| Item 1. Financial Statements | |
| Consolidated Income Statement | 2 |
| Consolidated Statement of Comprehensive Income | 3 |
| Consolidated Balance Sheet | 4 |
| Consolidated Statement of Cash Flows | 5 |
| Notes to Consolidated Financial Statements | 6 |
| Note 1—Basis of Presentation | 6 |
| Note 2—Inventories | 6 |
| Note 3—Acquisitions and Dispositions | 6 |
| Note 4—Suspended Wells and Exploration Expenses | 6 |
| Note 5—Debt | 7 |
| Note 6—Investments and Long-Term Receivables | 7 |
| Note 7—Guarantees | 7 |
| Note 8—Contingencies, Commitments and Accrued Environmental Costs | 8 |
| Note 9—Derivative and Financial Instruments | 10 |
| Note 10—Fair Value Measurement | 14 |
| Note 11—Accumulated Other Comprehensive Income (Loss) | 16 |
| Note 12—Changes in Equity | 17 |
| Note 13—Cash Flow Information | 18 |
| Note 14—Related Party Transactions | 18 |
| Note 15—Employee Benefit Plans | 19 |
| Note 16—Sales and Other Operating Revenues | 20 |
| Note 17—Earnings Per Share | 21 |
| Note 18—Segment Disclosures and Related Information | 21 |
| Note 19—Income Taxes | 27 |
| Note 20—New Accounting Standards | 27 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 3. Quantitative and Qualitative Disclosures About Market Risk | 49 |
| Item 4. Controls and Procedures | 49 |
| Part II—Other Information | |
| Item 1. Legal Proceedings | 50 |
| Item 1A. Risk Factors | 50 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 50 |
| Item 5. Other Information | 50 |
| Item 6. Exhibits | 51 |
| Signature | 52 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.