ConocoPhillips (COP) hikes dividend by 10.7%
ConocoPhillips (COP) announced a 10.7% increase in its quarterly dividend to $0.93 per share on November 5, 2026. The latest hike extends the oil and gas producer's dividend growth streak to 10 consecutive years. COP has delivered double-digit dividend increases in four of the past five years, while its shares have gained nearly 49% in 2026.
The new quarterly dividend brings ConocoPhillips' annualized payout to $3.72 per share. At the supplied share price of $136.27 as of October 26, 2026, the forward dividend yield is approximately 2.7%. The ex-dividend date is November 16, 2026, with payment scheduled for December 1, 2026.
ConocoPhillips Dividend Growth History: 10 Consecutive Years
ConocoPhillips has now increased its regular dividend for 10 consecutive years. The company's five-year dividend compound annual growth rate (CAGR) stands at 15.1%, compared with a ten-year CAGR of 14.0%.
The latest 10.7% increase follows dividend hikes of 7.7% in 2025 and 34.5% in 2024. Annual dividend growth has varied considerably over the past seven years, ranging from 2.4% in 2020 to 34.5% in 2024.
ConocoPhillips' dividend history shows substantial growth over the past decade. The company increased its regular dividend by 2.4% in 2020 and 7.0% in 2021, before accelerating to 10.9% in 2022 and 13.7% in 2023.
The largest increase in the seven-year period came in 2024, when ConocoPhillips raised its dividend by 34.5%. Growth subsequently moderated to 7.7% in 2025, before recovering to 10.7% in 2026.
With a five-year dividend CAGR of 15.1% and a ten-year growth rate of 14.0%, ConocoPhillips has maintained double-digit average annual dividend growth over both periods. Its new quarterly dividend of $0.93 represents an annualized regular payout of $3.72 per share.
COP Share Price, Dividend Yield and Market Value
As of October 26, 2026, ConocoPhillips shares had gained 48.7% year-to-date, with the stock trading at $136.27. The company's market capitalization stood at approximately $161.1 billion.
Based on the new annualized dividend of $3.72 per share, COP's forward dividend yield is approximately 2.7% at the October 26 share price. The company's estimated annual dividend distributions amount to approximately $4.4 billion.
The supplied full-year dividend figure of $3.45 per share is below the new annualized rate of $3.72. The former reflects the full-year dividend figure, while the latter is calculated using the latest quarterly dividend multiplied by four.
ConocoPhillips is a global oil and natural gas exploration and production company headquartered in Houston, Texas. Its operations include the exploration, development and production of crude oil, natural gas and natural gas liquids across major producing regions in the United States and internationally.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.