ConocoPhillips (COP) earnings on August 6, 2026
Prior outlook: Optimistic Outcome: Accurate
ConocoPhillips' stock rose after strong quarterly results beat expectations and the company announced a leadership change. The price closed up 1.35% after reaching a high of 4%.
COP price around the earnings
116.76
Change: +1.5%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
115.02
115.96
116.91
117.85
115.02
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
- Results released
Strong trend strength and analyst support with oil macro tailwinds; recent pullback from +76.5 resets expectations favorably.
Context analyzed before publication
- Trend
- Consistent optimistic run-up driven by macro tailwinds and analyst support, with some recent cooling.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.76
- Analysts covering the stock
- 25
- Average price target
- 141.2
- Lowest price target
- 115
- Highest price target
- 183
- Upside to price target
- 22.7%
- Quarterly earnings growth
- -23.4%
- Revenue growth
- -5.3%
- Forward EPS
- 9
- Trailing EPS
- 5.75
- Analyst moves in the last 60 days
- 6
- Strong buy: 5
- Buy: 13
- Hold: 7
- Sell: 0
- Strong sell: 0
- Strong buy
- 5
- Buy
- 13
- Hold
- 7
- Sell
- 0
- Strong sell
- 0
- July 21, 2026 · Susquehanna: Maintains rating (Positive → Positive)
- July 8, 2026 · UBS: Maintains rating (Buy → Buy)
- July 8, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- July 7, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- June 29, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- June 22, 2026 · Roth Capital: Upgrades rating (Neutral → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (7)
- US Foods, SanDisk And 3 Stocks To Watch Heading Into Thursday (opens in a new tab) — Benzinga
- ConocoPhillips Could Swing $4.94 Billion In Value After Earnings (opens in a new tab) — Benzinga
- How To Earn $500 A Month From ConocoPhillips Stock Ahead Of Q2 Earnings (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In ConocoPhillips 5 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- Iraq Advances Gas Field Deal With ConocoPhillips, Moves Forward With Mediterranean Pipeline To Bypass Hormuz Risks (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In ConocoPhillips 5 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- Susquehanna Maintains Positive on ConocoPhillips, Raises Price Target to $155 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 115.02
- Average true range (ATR)
- 2.9%
- Distance to 52-week high
- -13.4%
- 14-day change (14d)
- -3.2%
- 30-day change (30d)
- +11.0%
- 30-day relative strength
- +8.6%
- SPY change (30d)
- +2.5%
- Nearest support
- 114.77
- Distance to nearest support
- 0.2%
- Nearest resistance
- 115.51
- Distance to nearest resistance
- 0.4%
- Volume accumulation ratio (14d / 46d)
- 0.83
- Minor: 114.77 (0.2% away, 0.08 ATR, 2 touches)
- Mid: 113.93 (1% away, 0.33 ATR, 18 touches)
- Major: 112.84 (1.9% away, 0.66 ATR, 24 touches)
- Mid: 115.51 (0.4% away, 0.15 ATR, 14 touches)
- Mid: 116.15 (1% away, 0.34 ATR, 25 touches)
- Mid: 117.27 (2% away, 0.68 ATR, 21 touches)
Trends
Evidence
- Average earnings surprise
- +6.0%
- April 30, 2026: actual EPS 1.89 vs estimate 1.69 (surprise +11.5%)
- February 5, 2026: actual EPS 1.02 vs estimate 1.09 (surprise -6.5%)
- November 6, 2025: actual EPS 1.61 vs estimate 1.41 (surprise +14.1%)
- August 7, 2025: actual EPS 1.42 vs estimate 1.36 (surprise +4.7%)
Expected move
- Implied move
- +5.9%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 1.8%
- 75th percentile move
- 2.5%
- 90th percentile move
- 5.5%
- Up / down moves
- 7 / 13
- Average up move
- +3.3%
- Average down move
- -1.8%
Monitoring and close
What ConocoPhillips reported
- Status
- Finished
| Actual EPS | 3.24 |
|---|---|
| EPS estimate | 2.88 |
| EPS surprise | +12.5% |
ConocoPhillips beats Q2 earnings and revenue estimates on higher prices, maintaining optimism and reaffirmed guidance.
Sources (22)
- ConocoPhillips Beats Q2 Earnings & Revenues Estimates on Higher Prices (opens in a new tab) — Yahoo
- ConocoPhillips Reports Strong Quarter with CEO Succession Plans (opens in a new tab) — Benzinga
- ConocoPhillips CEO Ryan Lance to Retire, as Finance Chief Takes the Helm (opens in a new tab) — The Wall Street Journal
- ConocoPhillips beats second-quarter earnings as record Permian production supports results (opens in a new tab) — InvestorsHub
- ConocoPhillips 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
- How To Earn $500 A Month From ConocoPhillips Stock Ahead Of Q2 Earnings (opens in a new tab) — Benzinga
- ConocoPhillips (COP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (opens in a new tab) — Zacks
- ConocoPhillips (NYSE:COP) Beats Q2 Earnings and Revenue Estimates (opens in a new tab) — ChartMill
- ConocoPhillips Q2 2026 earnings beat estimates on higher oil prices (opens in a new tab) — Quartz
- ConocoPhillips CEO Ryan Lance steps down after 14 years and will be replaced by the CFO, a company lifer (opens in a new tab) — Fortune
- ConocoPhillips (COP) Tops Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- ConocoPhillips Names New CEO as Profit Boosted by Climbing Oil Prices (opens in a new tab) — The Wall Street Journal
- Warner Bros. Discovery earnings, jobless claims: What to Watch (opens in a new tab) — Yahoo
- ConocoPhillips beats Q2 profit estimates; shares edge up in premarket trade (opens in a new tab) — Investing.com
- ConocoPhillips’s (NYSE:COP) Q2 CY2026: Strong Sales (opens in a new tab) — Yahoo
- ConocoPhillips Appoints Andy O’Brien As CEO, Effective September 1; Ryan Lance To Become Executive Chair (opens in a new tab) — Benzinga
- ConocoPhillips Q2 Adj. EPS $3.24 Beats $2.88 Estimate, Sales $19.522B Beat $18.796B Estimate (opens in a new tab) — Benzinga
- ConocoPhillips announces planned leadership succession: Andy O’Brien named president and CEO, Ryan Lance to assume transitional executive chair role, Konnie Haynes-Welsh appointed CFO (opens in a new tab) — Yahoo
- ConocoPhillips beat expectations with adjusted earnings of $3.24 per share, versus the $2.88 estimate. — Benzinga
- ConocoPhillips Q2 Adj. EPS $3.24 Beats $2.88 Estimate (opens in a new tab) — Benzinga
- ConocoPhillips announces second-quarter 2026 results and quarterly dividend (opens in a new tab) — Yahoo
- Berkshire Earnings, Jobs Report: What to Watch the Rest of the Week (opens in a new tab) — The Wall Street Journal
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations and the price is indicating +1.3% pre-market, a move in line with the stock's usual reaction (about 2%). The figures confirm the optimistic scenario. Across our market history, in the 1,598 similar cases the close held that direction 75% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +1.4%
- Max favorable move (MFE)
- 4.2%
- Max adverse move (MAE)
- 0%