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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we won a major 5-year contract from ConocoPhillips in the North Sea”
Halliburton won a major 5-year production-services contract with ConocoPhillips in the North Sea, reflecting continued COP offshore activity.
“Of this specific set of wells, a total of approximately 18 net wells comes from an operator group consisting of Exxon, Chevron, Conoco, BP, Occidental, EOG and Caterra.”
ConocoPhillips is part of the operator group driving roughly 18 net near-term wells on TPL's royalty acreage, implying continued active Permian development from ConocoPhillips.
“Many of our stakeholders are eager for this project to succeed, including ConocoPhillips, as they mentioned in their recent earnings call.”
ConocoPhillips has publicly expressed interest in Sempra's Port Arthur LNG Phase 2 project succeeding, signaling demand from a major E&P customer/stakeholder.
“we did directly contract that through WES, and that's one of the key drivers that Andy had mentioned that achieves that billion dollars of cost savings run rate by year-end 2026.”
ConocoPhillips restructured Delaware gas contracts directly through Western Midstream (WES), a key driver of its targeted cost savings.
“you have over 200,000 net acres in the core that you picked up from Shell.”
ConocoPhillips continues to core up the 200,000+ net Delaware acres it acquired from Shell to extend laterals and improve capital efficiency.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Arun Jayaram | JPMorgan | 6 (17%) |
| Scott Hanold | RBC Capital Markets | 6 (0%) |
| Neil Mehta | Goldman Sachs |
“Specifically with Chevron, they've made some notable progress in a few of their projects.”
Chevron's progress on new and existing fields near ConocoPhillips' Equatorial Guinea LNG facility creates potential backfill upside for that plant.
“We successfully integrated Marathon Oil, outperforming our acquisition case on the most important metrics.”
ConocoPhillips says its Marathon Oil acquisition integration is outperforming the deal case, adding low-cost supply resource and synergies.
“we recently agreed to take four MTPA from Port Arthur Phase two and one MTPA from Rio Grande LNG, bringing our total offtake portfolio to about 10 MTPA”
ConocoPhillips agreed to 1 MTPA of LNG offtake from Rio Grande LNG, adding a new liquefaction supplier to its commercial LNG portfolio.
“We're making great progress on a $1 billion of synergy captures.”
ConocoPhillips is tracking toward $1 billion of Marathon Oil integration synergies, with capital synergies already exceeding $500 million and additional one-time tax benefits (foreign tax credits and NOLs) of about $1 billion.
“Our integration of Marathon Oil is progressing ahead of schedule.”
ConocoPhillips' Marathon Oil acquisition integration is ahead of schedule, helping fund the quarter's capital and operating cost guidance cuts.
“It's also positive to see a company like Aramco, you know, showing an interest in being part of that project.”
ConocoPhillips executives note Aramco's interest in participating in the Port Arthur LNG phase two project, viewed as a positive signal for the project's progress.
“We closed the acquisition of Marathon in late November, which added high-quality, low-cost supply inventory to our portfolio.”
ConocoPhillips closed its acquisition of Marathon Oil in late November 2024, adding low-cost supply inventory and expected to deliver over $1 billion in run-rate synergies by end of 2025.
| Betty Jiang | Barclays | 6 (0%) |
| Doug Leggate | Wolfe Research | 6 (33%) |
| Steve Richardson | Evercore ISI | 5 (0%) |
| Paul Cheng | Scotiabank | 5 (0%) |
| Lloyd Byrne | Jefferies | 5 (0%) |
| Kevin MacCurdy | Pickering Energy Partners | 4 (0%) |
| Devin McDermott | Morgan Stanley | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 6 (33%) |
| JPMorgan | 1 | 6 (17%) |
| Barclays | 1 | 6 (0%) |
| Goldman Sachs | 1 | 6 (0%) |
| Jefferies | 2 | 6 (0%) |
| RBC Capital Markets | 1 | 6 (0%) |
| Scotiabank | 1 | 5 (0%) |
| Evercore ISI | 1 | 5 (0%) |
ConocoPhillips closed FY2025 with Q4 production of 2,320,000 boe/d at the guidance midpoint and adjusted earnings of $1.02 per share as lower commodity prices weighed on financial results. Full-year execution exceeded all guidance drivers, and 2026 CAPEX guidance was confirmed at approximately $12 billion, down roughly $600 million year-over-year, supporting the $7 billion FCF inflection trajectory. The company returned $9 billion to shareholders for the full year at 45% of CFO, and Willow neared 50% completion on track for early 2029 first oil.
Capex Investment | Capital Allocation | Competitive Dynamics | Geographic Expansion | M&A | Margin | Revenue Growth | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 4 | 3 | 4 | 3 | 1 | ||
| 2025Q1 | 6 | 5 | 4 | 1 | 2 | 2 | 3 | |
| 2025Q2 | 5 | 5 | 1 | 1 | 3 | 3 | 2 | 1 |
| 2025Q3 | 6 | 1 | 1 | 3 | 4 | 1 | 1 | |
| 2025Q4 | 3 | 3 | 7 | 5 | 1 | 1 | 2 | 1 |
| 2026Q1 | 3 | 2 | 2 | 2 | 1 | 1 | 2 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 5 | 6 | 5 | 6 | 3 | 3 |
| Capital Allocation | 4 | 5 | 5 | 1 | 3 | 2 |
| Competitive Dynamics | 3 | 4 | 1 | 1 | 7 | 2 |
| Geographic Expansion | 1 | 1 | 3 | 5 | 2 | |
| M&A | 4 | 2 | 3 | 1 | 1 | |
| Margin | 2 | 3 | 4 | 1 | 1 | |
| Revenue Growth | 3 | 2 | 1 | 2 | 2 | |
| Macroeconomic | 1 | 3 | 1 | 1 | 1 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
COP ConocoPhillips | 6 | -2.5% | |
| APA APA Corporation | 5 | -11.7% | |
| CTRA Coterra | 7 | +23.8% | |
| DVN Devon Energy | 5 | -13.0% | |
| EOG EOG Resources | 9 | +15.7% | |
| EQT EQT Corporation | 9 | +39.7% | |
| EXE Expand Energy | 7 | +100.2% | |
| FANG Diamondback Energy | 6 | +5.2% | |
| OXY Occidental Petroleum | 6 | -23.1% | |
| TPL Texas Pacific Land Corporation | 8 | +20.8% |