# ConocoPhillips’ Third-Quarter Net Profit More Than Doubles to About $4 Billion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/50593
Published: 2026-11-07T05:10:12.000Z
Updated: 2026-11-07T05:10:12.000Z
Section: Business

> Production was lower, while average realized oil prices rose 32%. The company also exceeded estimates for adjusted earnings and revenue.

ConocoPhillips posted about $4 billion in third-quarter net profit, more than double its $1.73 billion figure for an earlier period, while production was lower and average realized oil prices rose 32%.\n\nNet profit was $3.34 per share, compared with $1.38 per share in the earlier period. The company also exceeded estimates for adjusted earnings and revenue.