ConocoPhillips Posts Lower 4Q Profit, Hurt by Lower Prices

Dow Jones

Feb 05

By Connor Hart

ConocoPhillips' fourth-quarter earnings fell, hurt by lower prices that were slightly offset by higher production.

The Houston-based oil producer on Thursday posted a profit of $1.44 billion, or $1.17 a share, compared with $2.31 billion, or $1.90 a share, a year earlier.

Stripping out one-time items, primarily relating to a gain on asset sales and restructuring costs, earnings were $1.02 a share. Analysts polled by FactSet expected adjusted earnings of $1.07 a share.

Conoco's total average realized price per barrel of oil equivalent was $42.46 during the recent quarter, down 19% from the same quarter last year. Production came in at approximately 2.32 million barrels of oil equivalent per day, up 137 million barrels of oil equivalent per day from last year.

Chief Executive Ryan Lance said the company looking forward is focused on driving a $1 billion reduction in its capital and costs this year.

For the current quarter, Conoco expects to produce 2.3 million to 2.34 million barrels of oil equivalent per day. For the year, it forecast production of 2.33 million to 2.36 million barrels of oil equivalent per day.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 05, 2026 07:25 ET (12:25 GMT)

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For the year, it forecast production of 2.33 million to 2.36 million barrels of oil equivalent per day. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 07:25 ET (12:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ConocoPhillips Posts Lower 4Q Profit, Hurt by Lower Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConocoPhillips Posts Lower 4Q Profit, Hurt by Lower Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-05 20:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  ConocoPhillips' fourth-quarter earnings fell, hurt by lower prices that were slightly offset by higher production. \n</p>\n<p>\n  The Houston-based oil producer on Thursday posted a profit of $1.44 billion, or $1.17 a share, compared with $2.31 billion, or $1.90 a share, a year earlier. \n</p>\n<p>\n  Stripping out one-time items, primarily relating to a gain on asset sales and restructuring costs, earnings were $1.02 a share. 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For the year, it forecast production of 2.33 million to 2.36 million barrels of oil equivalent per day. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 07:25 ET (12:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0368265418.SGD","symbol_name":"Blackrock World Energy Fund A2 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609377302","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609377302","pubTimestamp":1770294300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ConocoPhillips' fourth-quarter earnings fell, hurt by lower prices that were slightly offset by higher production.The Houston-based oil producer on Thursday posted a profit of $1.44 billion, or $1.17 a share, compared with $2.31 billion, or $1.90 a share, a year earlier.Stripping out one-time items, primarily relating to a gain on asset sales and restructuring costs, earnings were $1.02 a share. Analysts polled by FactSet expected adjusted earnings of $1.07 a share.Conoco's total average realized price per barrel of oil equivalent was $42.46 during the recent quarter, down 19% from the same quarter last year. 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Analysts polled by FactSet expected adjusted earnings of $1.07 a share. \n\n\n  Conoco's total average realized price per barrel of oil equivalent was $42.46 during the recent quarter, down 19% from the same quarter last year. Production came in at approximately 2.32 million barrels of oil equivalent per day, up 137 million barrels of oil equivalent per day from last year. \n\n\n  Chief Executive Ryan Lance said the company looking forward is focused on driving a $1 billion reduction in its capital and costs this year. \n\n\n  For the current quarter, Conoco expects to produce 2.3 million to 2.34 million barrels of oil equivalent per day. For the year, it forecast production of 2.33 million to 2.36 million barrels of oil equivalent per day. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2026 07:25 ET (12:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}