ConocoPhillips (COP) to Announce Quarterly Earnings on Thursday

ConocoPhillips (NYSE:COP) will likely be issuing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $2.90 per share and revenue of $18.7867 billion for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 6, 2026 at 12:00 PM ET.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. On average, analysts expect ConocoPhillips to post $9 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ConocoPhillips Price Performance

Shares of COP stock opened at $118.17 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $113.01 and its 200-day moving average is $114.74. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The firm has a market capitalization of $143.97 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.38 and a beta of 0.12.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COP. Raymond James Financial lowered their target price on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a research note on Monday, June 22nd. Freedom Capital cut ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Truist Financial lowered their price objective on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Finally, Susquehanna boosted their price objective on ConocoPhillips from $152.00 to $155.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.16.

Institutional Investors Weigh In On ConocoPhillips

A number of institutional investors have recently made changes to their positions in COP. Strive Asset Management LLC bought a new stake in ConocoPhillips in the third quarter valued at about $28,000. Sfam LLC bought a new position in ConocoPhillips during the fourth quarter worth about $34,000. BNP Paribas bought a new position in ConocoPhillips during the second quarter worth about $33,000. IFC & Insurance Marketing Inc. acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $37,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $46,000. 82.36% of the stock is owned by institutional investors and hedge funds.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.