With a market cap of $181.2 billion, ConocoPhillips (COP) is a leading global energy company primarily engaged in the exploration, production, transportation, and marketing of oil and natural gas. With a strong portfolio spanning conventional and unconventional plays, oil sands, and LNG developments, the company operates across North America, Europe, Asia, and Australia.
The Houston, Texas-based company is set to announce its fiscal Q3 2026 results before the market opens on Thursday, Nov. 5. Ahead of the event, analysts expect COP to report an adjusted EPS of $2.95, a climb of 83.2% from $1.61 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion.
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For fiscal 2026, analysts forecast ConocoPhillips to post adjusted EPS of $11.42, an increase of 85.4% from $6.16 in fiscal 2025.
www.barchart.com Shares of ConocoPhillips have soared 71.9% over the past 52 weeks, surpassing the S&P 500 Index's ($SPX) 13.1% gain and the State Street Energy Select Sector SPDR ETF's (XLE) 58.1% return over the same time frame.
www.barchart.com ConocoPhillips shares rose 1.5% on Aug. 6 after Q2 2026 earnings more than doubled to $3.9 billion, with adjusted EPS of $3.24 versus $1.42 a year earlier, driven primarily by higher oil and gas prices. ConocoPhillips also reaffirmed its full-year guidance, highlighted record Permian production and progress on its $5 billion asset-disposition target, while expanding LNG offtake to 12 MTPA, supporting its long-term growth strategy.
Analysts' consensus rating on COP stock is bullish, with a "Strong Buy" rating. Out of 27 analysts covering the stock, 17 recommend a "Strong Buy," four have a "Moderate Buy" rating, and six give a "Hold" rating. This configuration is more bullish than three months ago, with 15 analysts suggesting a "Strong Buy."
The average analyst price target is $152.73, suggesting a marginal potential upside from the current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.