Conocophillips · NYSE:COP
Conocophillips — Q1 2026 Earnings Presentation
9 slides from Conocophillips's earnings presentation, Apr 30, 2026
Slide 1: ConocoPhillips 1Q26 Earnings Conference Call
yw ConocoPhillips 1Q26 Earnings Conference Call April 30, 2026
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenu
Slide 3: 1Q26 Highlights and 1Q Financials
1Q26 Highlights and 1Q Financials $1.89 adjusted EPS; $5.4B CFO'; $2.4B FCF Returned $2.0B to shareholders, including $1.0B base dividend and $1.0B of share repurchases Ending cash of $6.7B2, excluding $1.2B of long-term investments Recent Announcements () Recent Highlights More than doubled Lower 4
Slide 4: ConocoPhillips is Built for Volatility
ConocoPhillips is Built for Volatility w Priorities Are And Our Clear, Consistent and Durable Track Record is Unmatched 1 Sustain production _ _ . fe) Growing and pay dividend Contig to deliver 7 fe) Sustainable 2 Annual dividend growth top-quartile S&P 500 growt S=U Dividend iN ~0.8x leverage? Bala
Slide 5: 2026 Plan Update
2026 Plan Update w Materially Stronger CFO CFO up materially on unhedged oil and LNG upside; ~40% of crude linked to ($B) premium markets (ANS and Dated Brent) $20 GE Maintaining ~45% of CFO return of capital; . shareholders directly benefit from CFO upside 10 $25 Original 2026 Plan" 1Q26 Annualized
Slide 6: 1Q26 Earnings Summary
1Q26 Earnings Summary Adjusted Earnings ($ Millions) 2,679 1,263 1Q25 4Q25 1Q26 Adjusted EPS ($) $2.09 $1.02 $1.89 Average Realized $53.34 $42.46 $50.36 Price ($/BOE) Adjusted earnings and adjusted EPS are non-GAAP measures. Definitions and reconciliations are available on our website. Overview w *
Slide 7: 1Q26 Cash Flow Summary
1Q26 Cash Flow Summary $ Billions 5.4 0.9 2 Dividends ~1.0 Repurchases ~1.0 ———— $2.4B Free Cash Flow 1Q26 Marker Prices + Brent Dated $80.61/BBL + WTI $71.93/BBL * Henry Hub> $5.05/MMBTU Dividends & Debt 1Q26 Ending Cash & Short- 1Q26 Beginning Cash & CFO? Total Working Capital? Capital Expenditure
Slide 8: Price Realizations: 1Q26 Supplemental Information
Price Realizations: 1Q26 Supplemental Information iA Total Total Realizations as % of Brent Dated ($/BOE) 71% Gis 67% 67% or $53 $46 $46 $42 $50 1Q.2025 = 2Q 2025 = 3Q2025 4Q2025 1Q 2026 Production Volume Split @ Crude MM Bitumen MI NGL MM Gas 1Q 2025 2Q2025 3Q2025 4Q2025 1Q2026 'Represents Henry Hu
Slide 9: Sensitivity and Guidance Items
Sensitivity and Guidance Items Annual Net Income and Cash Flow Sensitivities Other Guidance Items FY26 4Q25 1026 2026 3Q26 4Q26 2Q26 Marker 1026 _-4Q25 Net Income Cash Flow Guidance (MMBOED) Guidance _ Actuals _Actuals__Actuals Actuals Actuals __ Guidance Consolidated Brent $8061 $6369 ~$65-75MM ~$6