ConocoPhillips beats Q1 estimates but trims output outlook, shares slip

oil pump ©oil pump – PickPik ConocoPhillips (NYSE:COP) reported first-quarter 2026 results on Thursday that exceeded analyst expectations, though shares declined more than 2% in premarket trading after the company lowered its full-year production forecast due to disruptions affecting its Qatar operations. Adjusted earnings per share came in at $1.89, ahead of the $1.66 consensus estimate. The Houston-based energy producer posted net income of $2.2 billion, or $1.78 per share, down from $2.8 billion, or ...

ConocoPhillips beats Q1 estimates but trims output outlook, shares slip - Reportify