ConocoPhillips posted first-quarter 2026 earnings of $2.2 billion, down from $2.8 billion a year earlier, as weaker realized prices and lower volumes offset cost improvements. Adjusted earnings also declined to $2.3 billion. Production fell to 2.309 million barrels of oil equivalent per day (MMboe/d), driven in part by downtime linked to the ongoing Middle East conflict, including impacts on operations in Qatar. The company responded by excluding Qatar volumes from its second-quarter production guidanc ...