Overview

* ConocoPhillips ( COP ) Q3 adjusted EPS of $1.61 beats analyst expectations

* ConocoPhillips ( COP ) raises quarterly dividend by 8% to $0.84 per share

Outlook

* ConocoPhillips ( COP ) expects 2026 capital expenditures of $12 bln

* Company forecasts 2026 adjusted operating costs at $10.2 bln

* ConocoPhillips ( COP ) anticipates 0 to 2% production growth in 2026

Result Drivers

* HIGHER PRODUCTION - Increased production volumes, particularly in Lower 48 region, contributed to strong Q3 results

* MARATHON OIL ACQUISITION - Benefits from Marathon Oil acquisition partially offset impact of lower prices

* COST REDUCTION - Reduced operating cost guidance for 2025 reflects strong operational performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.61 $1.43

Adjusted (25

EPS Analysts

)

Q3 EPS $1.38

Q3 Beat $2 bln $1.77

Adjusted bln (15

Net Analysts

Income )

Q3 Cash $6.60

& bln

Investme

nts

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

* Wall Street's median 12-month price target for ConocoPhillips ( COP ) is $115.00, about 23.7% above its November 5 closing price of $87.70

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)