ConocoPhillips

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus on profitability, with adjusted EPS of $3.24 vs. $2.92 expected (+11% variance). Cash from operations (CFO) reached $7.2B, exceeding the $6.7B consensus by 7%. Strong realized pricing of $62.33/BOE (up 36% YoY) drove the earnings surge, despite a 4% organic production decline primarily due to Middle East conflicts. Management reaffirmed full-year guidance and doubled share repurchases, targeting a 45% CFO return for the year.