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ConocoPhillips' (COP) strong operations in fiscal Q2 should offset Middle East headwinds, with the c

Phillips 66 (PSX) is a U.S. downstream energy company engaged in refining, midstream operations, chemicals, renewable fuels, and marketing and specialty businesses. Formed in 2012 following the spin-off from ConocoPhillips, the company operates an extensive network of refineries, pipelines, terminals, and retail fuel distribution assets serving customers worldwide. Phillips 66 is headquartered in Houston and has a market cap of around $70.7 billion. The leading downstream energy provider is expected to announce its fiscal second-quarter earnings on Wednesday, Aug. 5, 2026. Ahead of the event, analysts expect PSX to report a profit of $6.99 per share, up 193.7% from $2.38 per share in the year-ago quarter. The company beat the consensus estimates in each of the last four quarters. Cisco Is Up 46% and Oracle Is Down 25% in 2026. The Better Dividend Buy Might Surprise You. SK Hynix Stock’s Upcoming U.S. Listing Is a Sign the Memory Trade Could Soon Topple. 2 Ways to Profit from the Pain. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect PSX to report EPS of $19.27, up 199.2% from $6.44 in fiscal 2025. However, its EPS is expected to decline 2.9% year-over-year (YOY) to $18.72 in fiscal 2027. PSX stock has outperformed the S&P 500 Index’s ($SPX) 19.2% gains over the past 52 weeks, with shares up 39.5% during this period. Also, it outperformed the State Street Energy Select Sector SPDR ETF’s (XLE) 22.4% gains over the same time frame. Phillips 66 reported its first-quarter 2026 results on Apr. 29, with adjusted earnings per share improving to $0.49 from a loss of $0.90 per share in the prior-year quarter. Phillips 66 shares rose about 5.1% on Apr. 29 and 3.3% in the next trading session as investors cheered the better-than-expected EPS. Analysts’ consensus opinion on PSX stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 19 analysts covering the stock, 10 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” six give a “Hold,” and one recommends a “Strong Sell.” PSX’s mean price target of $195.53 suggests an upside potential of 10.8%. On the date of publication, Subhasree Kar did not have (either directly or i...

HOUSTON, June 25, 2026--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Aug. 6, 2026, at 12:00 p.m. Eastern time to discuss second-quarter 2026 financial and operating results. The company’s financial and operating results will be released before the market opens on Aug. 6. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at www.conocophillips.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260625206718/en/ Contacts Media [email protected] Investor [email protected]

A month has gone by since the last earnings report for Cactus, Inc. (WHD). Shares have added about 4.9% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Cactus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. Cactus, Inc. reported adjusted earnings of 70 cents per share in the first quarter of 2026, down 4.1% from the year-ago level of 73 cents but ahead of the Zacks Consensus Estimate of 65 cents by 7.7%. Quarterly revenues rose 38.5% year over year to $388.35 million and topped the consensus mark of $380.81 million by 2%. Remaining performance obligations ended the quarter at $537.5 million, led by international Pressure Control work tied to the newly added Cactus International business. The better-than-expected quarterly results can be attributed to higher revenues in the Pressure Control segment, aided by the acquisition of Cactus International. However, several transaction-related and acquisition-accounting charges partly offset the gains. The quarter marked the first period to include results from Cactus International, following the Jan. 1 closing of the majority-interest acquisition. Management stated that Pressure Control revenues stayed resilient even as the conflict in the Middle East created shipment delays and operational friction. Pressure Control revenues totaled $300.2 million for the quarter, higher than $190.3 million in the year-ago quarter and above our estimate of $300 million. Segment operating income totaled $38.6 million, down from $54.3 million in the prior-year quarter, reflecting the impact of purchase price accounting, including an inventory step-up and intangible value amortization. Adjusted segment EBITDA for Pressure Control was $71.8 million, higher than $64.8 million in the prior-year quarter. Our estimate for the same was pinned at $74.9 million. Adjusted segment EBITDA margin was 23.9%. Management highlighted that the Spoolable Technologies segment recorded non-U.S. revenues in the quarter, with strength cited in the Middle East and Latin America, alongside better-than-expected domestic activity. The segment witnessed stronger-than-typical seasonal dem...

The end of the earnings season is always a good time to take a step back and see who shined (and who didn’t). Let’s take a look at how diversified upstream e&p stocks fared in Q1, starting with ConocoPhillips (NYSE:COP). Large cap diversified exploration and production (E&P) companies operate global portfolios spanning multiple basins and resource types, providing geographic and commodity diversification. Scale enables operational efficiencies, capital market access, and investment in advanced technologies. Tailwinds include disciplined capital allocation improving shareholder returns, diversified production bases reducing single-asset risk, and strong balance sheets supporting dividend programs. Headwinds include commodity price volatility affecting earnings, regulatory and geopolitical risks across operating regions, and ESG pressures challenging long-term investment theses. The energy transition creates strategic uncertainty around reserve life and future demand trajectories. The 5 diversified upstream e&p stocks we track reported a very strong Q1. As a group, revenues beat analysts’ consensus estimates by 3.7%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.7% since the latest earnings results. Operating the famous Prudhoe Bay field discovered in 1968 that transformed Alaska's economy, ConocoPhillips (NYSE:COP) explores for and produces crude oil, natural gas, and liquefied natural gas across North America, Europe, Asia, and Africa. ConocoPhillips reported revenues of $16.05 billion, down 6.1% year on year. This print exceeded analysts’ expectations by 12.1%. Overall, it was a strong quarter for the company with a beat of analysts’ EPS estimates. ConocoPhillips pulled off the biggest analyst estimate beat of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 10.5% since reporting and currently trades at $114.79. We think ConocoPhillips is a good business, but is it a buy today? Read our full report here, it’s free. One of the successor companies to John D. Rockefeller's Standard Oil monopoly that was broken up in 1911, ExxonMobil (NYSE:XOM) explor...

ConocoPhillips, EOG Resources, and Phillips 66 drive 38% of IEO’s income, making the fund deeply dependent on energy sector volatility. IEO returned 41% in the past year but retirees should avoid it; payouts are unpredictable and WTI at 98th percentile suggests downside risk. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA:IEO) just paid a $0.55 distribution in March, the lightest quarterly payment since mid-2024. IEO holders are buying the aggregated dividend policies of America's largest oil and gas producers, and those policies flex with the commodity. With WTI back above $112 per barrel in mid-May, the question is whether distributions through the rest of 2026 will hold near current levels, surge toward 2022 highs, or decline as they did during the winter oil swoon. IEO is a passive index fund tracking U.S. oil and gas exploration, production, and refining names. It charges 0.38% in expenses and pays out roughly what its underlying companies pay, net of fees. When ConocoPhillips raises its variable dividend, IEO's next quarterly distribution rises. When EQT cuts in a weak gas market, IEO's distribution shrinks. That mechanic makes the payout inherently lumpy. Quarterly distributions ranged from $0.19 in the second quarter of 2020 to $1.22 in the third quarter of 2022. The 2025 payments averaged $0.58 per share, in line with 2024. IEO functions as a pass-through for energy cash flow. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. Three names produce most of the income. ConocoPhillips alone is roughly 20% of assets, with EOG Resources at about 10% and Phillips 66 at about 9%, putting the top three near 38% of the fund. Marathon Petroleum and Devon Energy add another 11%. ConocoPhillips is the linchpin. The stock is up 43% over the past year and pays a base dividend plus a variable component tied to free cash flow. With WTI averaging well above its breakeven, base coverage is secure. The variable piece will fall if oil retreats toward $55 December 2025 low. Gas-weighted holdings introduce separate risk. EQT and Coterra represent about 9% of the fund, and Henry Hub has c...

U.S. energy operator APA Corporation APA reported first-quarter 2026 adjusted earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.01. The bottom line rose from the year-ago adjusted profit of $1.06. The outperformance was primarily driven by higher realized oil prices and lower year-over-year expenses. Revenues of $2.2 billion were down 15.2% from the year-ago quarter’s sales but beat the Zacks Consensus Estimate by 4.8%. APA Corporation price-consensus-eps-surprise-chart | APA Corporation Quote Meanwhile, APA continues to reward its shareholders, having paid out $88 million in dividends during the first quarter of 2026. Production of oil and natural gas averaged 442,352 BOE/d, which comprised 69% liquids. The figure was down 6% from the year-ago quarter but surpassed our expectation of 439,997 BOE/d. U.S. output (accounting for 60% of the total) fell 11% year over year to 264,720 BOE/d, but production from the company’s international operations increased 4.1% to 177,632 BOE/d. APA’s oil and natural gas liquids (NGLs) production was 304,947 barrels per day (Bbl/d). Natural gas output totaled 824,426 thousand cubic feet per day (Mcf/d). The average realized crude oil price during the first quarter was $78.69 per barrel, up 6.7% from the year-ago realization of $73.73. The number also significantly surpassed our projection of $56.74. The average realized natural gas price fell to $2.12 per thousand cubic feet (Mcf) from $2.81 in the year-ago period and missed our estimate of $3.62. APA’s first-quarter lease operating expenses totaled $362 million, down 11% from $407 million in the year-ago period. Moreover, an 84.2% drop in purchased oil/gas costs meant that total operating expenses decreased nearly 25% from the corresponding period of 2025 to $1.4 billion. The number was below our model projection of $1.5 billion. During the quarter under review, APA generated $554 million of cash from operating activities while it incurred $564 million in upstream capital expenditures. The Zacks Rank #1 (Strong Buy) company reported an adjusted operating cash flow of $1.2 billion. It also registered a free cash flow of $477 million compared to $126 million a year ago. You can see the complete list of today’s Zacks #1 Rank stocks here. As of March 31, APA had approximately $293 million in cash and cash equivalents and $4.3 billion in long-term debt, repres...

In late April 2026, ConocoPhillips reported first‑quarter results showing revenue of US$16.05 billion and net income of US$2.18 billion, with production of 2,309 MBOED and updated 2026 guidance reflecting downtime in Qatar and higher Surmont royalties. Despite lower year‑on‑year sales and output, the company exceeded earnings and revenue forecasts, continued returning cash through a US$0.84 dividend, and drew broadly positive analyst reactions focused on operational resilience amid geopolitical risk. Next, we’ll assess how this earnings beat and cautious production guidance around Qatar reshape ConocoPhillips’ pre‑existing investment narrative. Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution. To own ConocoPhillips today, you need to believe in its ability to convert a large, primarily oil‑weighted resource base into steady cash returns while managing big project and geopolitical risks. The Q1 2026 beat supports that cash generation story in the near term, but the Qatar‑related guidance cut reinforces that the most important short term catalyst, production delivery, is tightly linked to regional stability, which currently looks like the key risk to the business. The most relevant recent move here is the updated 2026 production guidance, which trims full year volumes to 2.295–2.325 MMBOED and explicitly excludes Qatar from Q2 expectations. That adjustment ties directly into the production delivery catalyst, reminding investors that even a strong Lower 48 performance can be offset by outages, royalties and geopolitical interruptions when assessing near term outcomes. Yet beneath the strong quarter, investors should be aware of how concentrated geopolitical and project execution risk around assets like Qatar and Willow could... Read the full narrative on ConocoPhillips (it's free!) ConocoPhillips' narrative projects $68.0 billion revenue and $9.9 billion earnings by 2029. This requires 4.1% yearly revenue growth and a $1.9 billion earnings increase from $8.0 billion today. Uncover how ConocoPhillips' forecasts yield a $138.00 fair value, a 12% upside to its current price. Some of the most optimistic analysts were assuming revenue around US$71.0 billion and earnings of about US$13.3 billion by 2029, which is far more upbeat than the baseline narrative. After a quarter where guida...

ConocoPhillips (NYSE:COP) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. ConocoPhillips reported US$16b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$1.78 beat expectations, being 4.9% higher than what the analysts expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on ConocoPhillips after the latest results. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. After the latest results, the 15 analysts covering ConocoPhillips are now predicting revenues of US$68.6b in 2026. If met, this would reflect a decent 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to bounce 45% to US$8.66. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$64.3b and earnings per share (EPS) of US$7.86 in 2026. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice increase in earnings per share in particular. See our latest analysis for ConocoPhillips Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$140, suggesting that the forecast performance does not have a long term impact on the company's valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic ConocoPhillips analyst has a price target of US$183 per share, while the most pessimistic values it at US$121. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. Of course, another way to look at these forecasts is to place them into context again...

Chevron and Exxon Mobil reported weak Q1 earnings early Friday as the Iran war disrupted oil shipments. Despite the disruptions, both oil major beat earnings estimates as production volumes rose. Exxon highlighted record production in Guyana and the first LNG production at Golden Pass Train 1, a joint venture with QatarEnergy.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. ConocoPhillips, NYSE:COP, is the first major U.S. oil company to report earnings following the Iran conflict. The company reported resilient operations and financial performance during a period of heightened geopolitical instability. Management highlighted progress on large projects such as Willow and recent LNG agreements. Production guidance was revised to exclude Qatar, reflecting increased uncertainty in that region. For investors watching NYSE:COP, the timing of this earnings release puts ConocoPhillips at the center of the market’s early reaction to the Iran conflict. The stock trades at $123.19 and has returned 27.4% year to date and 39.4% over the past year, with a gain of 35.0% over three years and 157.9% over five years. These figures show how the market has been valuing the company as it reports through fresh geopolitical stress. The combination of ongoing progress on Willow, LNG agreements, and a cautious approach to Qatar gives investors a clearer picture of how management is prioritizing projects and exposure. As more energy companies report, this update from ConocoPhillips may serve as an early reference point for how large producers are adjusting to current tensions in the Middle East. Stay updated on the most important news stories for ConocoPhillips by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on ConocoPhillips. See which insiders are buying and buying and selling ConocoPhillips following this latest news. ✅ Price vs Analyst Target: At US$123.19 versus a consensus target of US$140.37, the price sits about 14% below analyst expectations. ✅ Simply Wall St Valuation: The shares are flagged as trading 65.9% below an estimated fair value, suggesting a sizeable valuation gap. ❌ Recent Momentum: The 30 day return is a 4.0% decline, showing short term weakness around the latest news. There's only one way to know the right time to buy, sell or hold ConocoPhillips. Head to the Simply Wall St's company report for the latest analysis of ConocoPhillips's Fair Value. 📊 Earnings reported through the Iran conflict, continued work on Willow, and new LNG agreements all point to a business that is still executing through geopolitical tension. 📊 Watch how guidance excluding Qatar,...

ConocoPhillips COP has delivered adjusted earnings per share of $1.89 in the first quarter of 2026, down 9.6% from the year-ago level but beating the Zacks Consensus Estimate of $1.73 by 9.25%. Total revenues of $16.05 billion declined 6.1% year over year, but topped the consensus mark of $14.81 billion by 8.37%. Operationally, the upstream major generated total production of 2,309 thousand barrels of oil-equivalent per day (MBOED). Better-than-expected quarterly earnings can be attributed to the company’s low costs and improved operational efficiency, which helped offset weaker prices and volume dynamics. ConocoPhillips price-consensus-eps-surprise-chart | ConocoPhillips Quote ConocoPhillips’ top line was supported by sales and other operating revenues of $15.76 billion. That figure was lower than the comparable prior-year period, but the company benefited from contributions beyond core sales, including equity in earnings of affiliates and other income. COP has posted first-quarter 2026 net income of $2.2 billion, translating to reported earnings per share of $1.78. Excluding special items, adjusted earnings were $2.3 billion compared with $2.7 billion in the prior-year quarter. Management attributed the quarter’s special items primarily to pending claims and settlements and a loss on a contingent liability measurement. Those items weighed on comparability versus a cleaner earnings base and help explain why adjusted earnings per share trailed the year-ago level despite sequential improvement from fourth-quarter conditions. ConocoPhillips’ segment picture highlighted a cooling in the Lower 48 contribution. Adjusted earnings in the Lower 48 were $1.4 billion, down from $1.7 billion in the first quarter of 2025, reflecting the impacts of weaker gas pricing in the Permian and lower volumes. Alaska posted improved year-over-year adjusted earnings, while Europe, the Middle East and North Africa significantly declined from the prior-year quarter. Corporate and Other remained a drag, consistent with the company’s cost structure that includes net interest expenses, corporate G&A and technology investments. COP reported that production decreased year over year, with organic growth from the Lower 48 more than offset by downtime, including the impacts tied to the Middle East conflict on Qatar, as well as higher Surmont royalties. Lower 48 output totaled 1,453 MBOED, in...