ConocoPhillips (COP) to Release 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 post earnings of $2.90 per share and revenue of $18.7867 billion for the quarter. Investors may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 12:00 PM ET.

ConocoPhillips Trading Down 1.0%

Shares of NYSE COP opened at $118.00 on Wednesday. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The firm has a market capitalization of $143.76 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.44 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company’s 50 day simple moving average is $112.98 and its 200 day simple moving average is $115.35.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James Financial cut their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a report on Monday, June 22nd. Barclays increased their target price on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group boosted their target price on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips 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 hedge funds and other institutional investors have recently bought and sold shares of COP. Tripletail Wealth Management LLC grew its stake in shares of ConocoPhillips by 25.8% during the 4th quarter. Tripletail Wealth Management LLC now owns 2,099 shares of the energy producer’s stock worth $196,000 after acquiring an additional 431 shares in the last quarter. Binnacle Investments Inc raised its holdings in shares of ConocoPhillips by 12.2% in the third quarter. Binnacle Investments Inc now owns 1,947 shares of the energy producer’s stock valued at $184,000 after purchasing an additional 211 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of ConocoPhillips in the third quarter worth $161,000. Prosperity Bancshares Inc bought a new stake in shares of ConocoPhillips in the fourth quarter worth $155,000. Finally, Osterweis Capital Management Inc. acquired a new position in ConocoPhillips during the second quarter worth $151,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Wall Street remains moderately optimistic about ConocoPhillips, which has outperformed the broader market over the past year. The view supports the stock’s valuation, although analysts’ optimism is not uniformly bullish. ConocoPhillips Stock Outlook: Is Wall Street Bullish or Bearish?
• Positive Sentiment: ConocoPhillips’ Pelto Island reef-restoration project, which adds 650 reef modules to improve fish habitat, highlights the company’s coastal stewardship and may support its environmental reputation and stakeholder relationships. The direct near-term effect on earnings is likely limited. ConocoPhillips Following Pelto Island Reef Project Is the Stock a Bargain?
• Neutral Sentiment: ConocoPhillips is approaching its second-quarter earnings release. Higher oil prices could support revenue and cash flow, but the company’s unhedged production leaves results exposed to commodity-price volatility, while operational disruptions remain a risk. ConocoPhillips Gears Up to Report Q2 Earnings
• Neutral Sentiment: Pre-earnings coverage is focusing on production, margins and other operating metrics beyond revenue and earnings per share. These details could determine the market’s reaction more than headline estimates. Countdown to ConocoPhillips Q2 Earnings
• Negative Sentiment: Reports that oil prices eased on possible U.S.-Iran peace talks are weighing on oil-sensitive producers such as ConocoPhillips. A reduced geopolitical risk premium could pressure crude prices and lower expected upstream cash flow. Why Is ConocoPhillips in Focus as Oil Eases on Iran-US Peace Talks?

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.