ConocoPhillips Q3 2026 Net Income Surges 132% to $4B on 29% Revenue Growth
· The NYC Memo
ConocoPhillips reported Q3 2026 net income of $4,001M, up 132% from $1,726M in Q3 2025, with basic EPS of $3.34 versus $1.38 a year earlier. Revenue rose 29.3% year-over-year to $19,435M, led by the Lower 48 segment which posted net income of $2,461M on revenues of $13,231M. The company also disclosed entry into a non-operated joint venture covering oil fields in the Kirkuk area of Northern Iraq, effective July 1, 2026, and reported $296M in severance payments as workforce reduction activities progressed, reducing the severance accrual balance from $378M at year-end 2025 to $128M at September 30, 2026.