ConocoPhillips (COP) reported second-quarter 2026 earnings of $3.9 billion, or $3.23 per share, compared with $2.0 billion, or $1.56 per share, in the same quarter of 2025. Adjusted earnings were $4.0 billion, or $3.24 per share.
The company generated $7.4 billion in cash provided by operating activities and $7.2 billion in cash from operations. ConocoPhillips also declared a third-quarter ordinary dividend of $0.84 per share.
- Second-quarter production was 2,248 MBOED, down 143 MBOED from a year earlier.
- Lower 48 production was 1,479 MBOED, including 720 MBOED from the Delaware Basin.
- Total average realized price was $62.33 per BOE, up 36% from $45.77 per BOE in the second quarter of 2025.
- Shareholder distributions totaled $3.0 billion, including $2.0 billion of share repurchases and $1.0 billion of ordinary dividends.
- Cash and short-term investments were $8.1 billion at quarter-end.
- Third-quarter 2026 production is expected to be 2.29 million to 2.32 million barrels of oil equivalent per day.
$COP Insider Trading Activity
$COP insiders have traded $COP stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $COP stock by insiders over the last 6 months:
- RYAN MICHAEL LANCE (Chairman and CEO) has made 0 purchases and 2 sales selling 620,021 shares for an estimated $79,518,983.
- TIMOTHY A LEACH sold 40,000 shares for an estimated $4,751,684
- ANDREW D LUNDQUIST (Senior Vice President) sold 34,500 shares for an estimated $4,128,960
- NICHOLAS G OLDS (Executive Vice President) has made 0 purchases and 3 sales selling 33,666 shares for an estimated $4,035,861.
- KELLY BRUNETTI ROSE (SVP & General Counsel) has made 0 purchases and 2 sales selling 16,200 shares for an estimated $2,004,556.
- WELSH KONTESSA S HAYNES (VP & Controller) sold 10,339 shares for an estimated $1,241,405
- HEATHER G. HRAP (Senior Vice President) sold 2,654 shares for an estimated $317,630
- SHARMILA MULLIGAN sold 1,974 shares for an estimated $234,906
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$COP Hedge Fund Activity
We have seen 1,100 institutional investors add shares of $COP stock to their portfolio, and 1,151 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 17,244,513 shares (-35.7%) from their portfolio in Q1 2026, for an estimated $2,276,275,716
- FISHER ASSET MANAGEMENT, LLC removed 14,277,591 shares (-93.8%) from their portfolio in Q2 2026, for an estimated $1,484,298,360
- WELLINGTON MANAGEMENT GROUP LLP removed 10,605,411 shares (-44.1%) from their portfolio in Q1 2026, for an estimated $1,399,914,252
- FMR LLC added 8,244,241 shares (+39.0%) to their portfolio in Q1 2026, for an estimated $1,088,239,812
- BANK OF AMERICA CORP /DE/ removed 6,628,442 shares (-34.2%) from their portfolio in Q1 2026, for an estimated $874,954,344
- HARRIS ASSOCIATES L P removed 6,574,096 shares (-27.4%) from their portfolio in Q1 2026, for an estimated $867,780,672
- CAPITAL RESEARCH GLOBAL INVESTORS added 5,003,542 shares (+435.3%) to their portfolio in Q1 2026, for an estimated $660,467,544
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$COP Congressional Stock Trading
Members of Congress have traded $COP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $COP stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 02/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
