ConocoPhillips has released its 2025 results, posting revenues of USD61.5bn (+8%) and earnings of USD8bn (-14%) (ConocoPhillips press release, 05/02/2026). The company produced nearly 2.4 mboe/d of hydrocarbons in 2025 (+20%), with the US accounting for about 71% of its total output. Specifically, the company’s crude oil output increased by 17% to 1.1 mb/d and its gas production by 18% to 4.1 bcf/d (42 bcm). The US represents 81% of the company’s crude oil output and 53% of its natural gas production.
ConocoPhillips’ reserves reached 7.6 Gboe at end-year 2025, with a reserves replacement ratio of 80%. In 2026, the company’s capital expenditures are expected to reach around USD12bn. ConocoPhillips’s 2026 production guidance is 2.33 to 2.36 mboe/d.