CONOCOPHILLIPS — Form 10-Q filed 2026-08-06

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ConocoPhillips reported Q2 2026 net income of $3.93 billion, EPS $3.23, nearly doubling YoY. Operating cash flow was $7.4 billion, with $3.0 billion returned to shareholders. Signed agreements to sell noncore Lower 48 assets for $1.7 billion, achieving the $5 billion disposition target ahead of schedule. Agreed to acquire 42% interest in BP's Kirkuk oil fields in Iraq. LNG offtake increased to 12.2 MTPA. Q3 production guidance: 2.29-2.32 MMBOED.