Commodities

ConocoPhillips Secures 20-Year LNG Supply Deal with Venture Global

Guavy AI Editorial Team Published October 4, 2026

Instruments

Natural Gas

ConocoPhillips has secured a 20-year long-term agreement with Venture Global to purchase 1.0 million tonnes per year of LNG, commencing in 2030. This deal provides ConocoPhillips with a fixed LNG supply stream for the next two decades, adding stability to its global gas portfolio.

The contract's impact on ConocoPhillips' financials is expected to be several years away, making it more relevant to portfolio visibility than immediate earnings. In the recent quarter ended June 30, 2026, ConocoPhillips reported revenue of USD 19.52 billion and EPS of USD 3.24, exceeding the year-earlier quarter's revenue by 32.4 percent.

The company also paid a quarterly dividend of USD 0.84 on September 1, 2026, which translates to an annualized USD 3.36. Analysts are bullish on ConocoPhillips, with 28 analysts holding a Moderate Buy consensus and an average 12-month target of USD 141.24, representing an 11.4 percent increase from the current price.

ConocoPhillips Secures 20-Year LNG Supply Deal with Venture Global

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