CONOCOPHILLIPS
In the published model solve dated 2026-Q2, anchored at $130.35, CONOCOPHILLIPS (COP) is priced for -3.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• ConocoPhillips is a producer rather than an integrated oil company, with the Lower 48 supplying roughly 88% of revenue and Alaska the remainder, and the 10-Q notes Alaska contributed 12 percent of consolidated liquids production as of March 31, 2026. • The squeeze is visible in one quarter's cash flow: operating cash flow fell to $4.3 billion in the first quarter of 2026 from $6.1 billion a year earlier, while the company still spent $2.9 billion on capital projects and sent $2.0 billion to sh
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2,505 institutional managers reported holding COP in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 40%. 335 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 23.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
COP has cut its share count 9.2% over the past five years, spending $28.80B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $3.18 a share annually. Cash returned over the past three years: $11.42B in dividends and $13.89B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at COP over the trailing three years: 2024: 2 buys totaling $1.26M; 2025: 2 buys totaling $999k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
COP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -1.6% | +1.4% |
| 2023-11-03 | +2.6% | -2.7% |
| 2024-02-16 | +0.4% | +17.0% |
| 2024-05-03 | -1.7% | -7.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
COP's latest 8-K filings: 2026-08-11 (items 5.02, 9.01); 2026-08-06 (items 2.02, 9.01); 2026-06-23 (items 5.02); 2026-05-14 (items 5.07); 2026-04-30 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.