ConocoPhillips said third-quarter Q3 2025 net income was $1.7 billion, or $1.38 per share, and adjusted net income excluding special items was $2.0 billion, or $1.61 per share. In Q3 2024, net income was $2.1 billion, or $1.76 per share, and adjusted net income was $2.1 billion, or $1.78 per share.

1. 01

   ConocoPhillips said third-quarter Q3 2025 net income was $1.7 billion, or $1.38 per share, and adjusted net income excluding special items was $2.0 billion, or $1.61 per share. In Q3 2024, net income was $2.1 billion, or $1.76 per share, and adjusted net income was $2.1 billion, or $1.78 per share.

2. 02

   The company said cash provided by operating activities in Q3 was $5.9 billion and cash from operations excluding the change in operating working capital of $0.5 billion was $5.4 billion. In the same quarter, it funded $2.9 billion in capital expenditures and investments, repurchased $1.3 billion of shares and paid $1.0 billion in ordinary dividends.

3. 03

   ConocoPhillips adjusted full-year 2025 production guidance to 2.375 MMBOED from prior guidance of 2.35 to 2.37 MMBOED and adjusted operating cost guidance to $10.6 billion from prior guidance of $10.7 to $10.9 billion. The company provided preliminary 2026 guidance, including capital expenditures of approximately $12 billion, adjusted operating costs of $10.2 billion and underlying production growth of 0 to 2%.

4. 04

   ConocoPhillips updated Willow project capital guidance to $8.5 to $9.0 billion and reduced total LNG project capital guidance to $3.4 billion after securing a $0.6 billion credit against Port Arthur capital spending. Dispositions in 2025 exceeded $3.0 billion, and the sale of Anadarko Basin assets for $1.3 billion closed on October 1, 2025.

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