ConocoPhillips Reports Soon: How Has The Stock Reacted To Past Earnings

ConocoPhillips (NYSE:COP) is scheduled to report its earnings on Thursday, November 5, 2026. The company has a market value of about $175.2 billion. Over the last twelve months it generated $63.3 billion in revenue and $13.9 billion in operating profit, with net income of $9.3 billion.

Nobody knows how the market will take the numbers. What we can measure is how ConocoPhillips stock has reacted to its past earnings releases, which is useful context for anyone trading around the event.

See the earnings reaction history of all stocks

The Post-Earnings Record For ConocoPhillips Stock

Some observations on one-day (1D) post-earnings returns, measured from the last close before each release:

• There are 19 earnings releases in the last five years, with 7 positive and 12 negative one-day (1D) returns. Positive 1D returns were seen 37% of the time.
• Over the last three years that share falls to 36%, across 11 releases.
• The median of the 7 positive 1D returns is 1.5%, and the median of the 12 negative ones is -1.6%.
• The largest one-day reactions were 6.4% and -5.4%.

The table below shows the 1D, 5-day (5D) and 21-day (21D) returns after each release, followed by summary statistics.

Does The First Move Carry On?

Another approach is to wait for the initial reaction and ask whether it tends to continue. The table below shows the correlation between the 1D return and the return over the following 5 and 21 trading days, and between the 5D return and the following 21 trading days. A value near 1 means the first move has tended to continue; near -1, to reverse; near 0, no consistent pattern. None of these correlations is strong enough to trade on: all are below 0.40 in absolute terms over five years, so the early post-earnings move has not reliably predicted what followed.

Do Peers That Report First Offer A Clue?

Chevron (CVX) usually reports about 6 days before ConocoPhillips, and has already reported this season. The table compares Chevron's one-day reaction to its own earnings with ConocoPhillips' one-day reaction to the report that followed. The correlation is -0.06; the closer to 1, the more the peer's reaction has foreshadowed ConocoPhillips'. Figures this close to 0 show no consistent link.

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