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Total Production
Measures the company’s total oil and gas output (typically boe/day), showing scale of operations, cash‑flow potential, and how production trends drive revenue and capital allocation. Sudden changes highlight volume risk from outages, maintenance, or declines and reveal whether growth plans and reserve replacement are working.Production has more than doubled since 2020 on Lower‑48 execution and project ramps, but after peaking through 2025 it softened modestly into early‑2026 as management explicitly adjusted guidance (Qatar volumes excluded, Surmont royalties) and conservatively balanced a small capex uptick with cost cuts. Management’s added Permian activity and $1B run‑rate savings target aim to defend near‑term volumes while sustaining strong free cash flow and shareholder returns, meaning future production upside looks deliberate and cadence‑driven rather than unconstrained — geopolitical outages remain the primary short‑term risk.
Date | Total Production (MBOED) |
|---|---|
Jun 30, 2026 | 2.25K |
Mar 31, 2026 | 2.31K |
Dec 31, 2025 | 2.38K |
Sep 30, 2025 | 2.40K |
Jun 30, 2025 | 2.39K |
Mar 31, 2025 | 2.39K |
Dec 31, 2024 | 2.18K |
Sep 30, 2024 | 1.92K |
Jun 30, 2024 | 1.95K |
Mar 31, 2024 | 1.90K |