康菲石油 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___________________ to ___________________ Commissionfile number:001-32395 ConocoPhillips (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ororganization) (I.R.S. Employer Identification No.) 925 N. Eldridge Parkway, Houston, TX 77079(Address of principal executive offices) (Zip Code) 281-293-1000(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) hasfiled all reports required to befiled by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject tosuchfiling requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporting company,or an emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporting company” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☒Acceleratedfiler☐Non-acceleratedfiler☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The registrant had 1,218,294,007 shares of common stock, $.01 par value, outstanding at March31, 2026. Table of Contents Commonly Used Abbreviations Part I—Financial Information Item 1. Financial StatementsConsolidated Income Statement2Consolidated Statement of Comprehensive Income3Consolidated Balance Sheet4Consolidated Statement of Cash Flows5Notes to Consolidated Financial Statements6Note 1—Basis of Presentation6Note 2—Inventories6Note 3—Investments and Long-Term Receivables6Note 4—Debt6Note 5—Guarantees7Note 6—Contingencies, Commitments and Accrued Environmental Costs7Note 7—Derivative and Financial Instruments10Note 8—Fair Value Measurement13Note 9—Changes in Equity16Note 10—Accumulated Other Comprehensive Income (Loss)16Note 11—Cash Flow Information17Note 12—Related Party Transactions17Note 13—Employee Benefit Plans18Note 14—Sales and Other Operating Revenues19Note 15—Earnings Per Share20Note 16—Segment Disclosures and Related Information20Note 17—Income Taxes24Note 18—New Accounting Standards24Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25Item 3. Quantitative and Qualitative Disclosures About Market Risk44Item 4. Controls and Procedures44 Part II—Other Information Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 5. Other InformationItem 6. ExhibitsSignature 454545454647 Commonly Used Abbreviations The following industry-specific, accounting and other terms, and abbreviations may be commonly used in this report. PART I. Financial Information Item 1.Financial Statements Equity Notes to Consolidated Financial Statements Note 1—Basis of Presentation The interim-periodfinancial information presented in thefinancial statements included in this report is unaudited and, in the opinion ofmanagement, includes all known accruals and adjustments necessary for a fair presentation of the consolidatedfinancial position ofConocoPhillips, its results of operations and cashflows for such periods. All such adjustments are of a normal and recurring nature,unless otherwise disclosed. Certain notes and other information have been condensed or omitted from the interimfinancial statementsincluded in this report; therefore, thesefinancial statements should be read in conjunction with the consolidatedfinancial statementsand notes included in our 2025 Annual Report on Form 10-K. Certain prior yearfinancial statement line items have been reclassified toconform to the current year presentation. Note 2—Inventories Note 3—Investments and Long-Term Receivables Australia Pacific LNG Pty Ltd. (APLNG)In Australia, we hold a 47.5 percent shareholding interest in APLNG. At March31, 2026, the outstanding balance of AP