Welch Group, LLC reports 1.07% decrease in ownership of COP / ConocoPhillips

ConocoPhillips

US ˙ NYSE ˙ US20825C1045

Security	COP / ConocoPhillips
Institution	Welch Group, LLC
Latest Disclosed Ownership	11,538 shares
Latest Disclosed Value	$ 1,523,070

On April 21, 2026 - Welch Group, LLC filed a 13F-HR form disclosing ownership of 11,538 shares of ConocoPhillips (US:COP) valued at $1,523,016 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 11,663 shares of ConocoPhillips. This represents a change in shares of -1.07% during the quarter. The current value of the position is $1,375,676 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-04-21	2026-03-31	13F	CONOCOPHILLIPS	COMMON	20825C104	11,538	-125	-1.07	1,523	39.60	0.0572
2026-01-26	2025-12-31	13F	CONOCOPHILLIPS	COMMON STOCK	20825C104	11,663	-108	-0.92	1,092	-1.98	0.0421
2025-10-14	2025-09-30	13F	CONOCOPHILLIPS	COMMON	20825C104	11,771	1,317	12.60	1,113	18.66	0.0435
2025-07-25	2025-06-30	13F	CONOCOPHILLIPS	COMMON	20825C104	10,454	104	1.00	938	-11.43	0.0392
2025-04-08	2025-03-31	13F	CONOCOPHILLIPS	COMMON	20825C104	10,350	922	9.78	1,060	15.74	0.0466
2025-01-27	2024-12-31	13F	CONOCOPHILLIPS	COMMON	20825C104	9,428	-1,014	-9.71	915	-16.74	0.0412
2024-10-24	2024-09-30	13F	CONOCOPHILLIPS	COMMON	20825C104	10,442	888	9.29	1,099	0.64	0.0478
2024-07-17	2024-06-30	13F	CONOCOPHILLIPS	COMMON	20825C104	9,554	-391	-3.93	1,093	-13.68	0.0525
2024-04-09	2024-03-31	13F	CONOCOPHILLIPS	COMMON	20825C104	9,945	0	0.00	1,266	9.62	0.0628
2024-01-23	2023-12-31	13F	CONOCOPHILLIPS	Common	20825C104	9,945	791	8.64	1,154	5.29	0.0622
2023-10-18	2023-09-30	13F	CONOCOPHILLIPS	Common	20825C104	9,154	60	0.66	1,097	16.35	0.0650
2023-07-18	2023-06-30	13F	CONOCOPHILLIPS	Common	20825C104	9,094	-30	-0.33	942	4.09	0.0540
2023-04-13	2023-03-31	13F	CONOCOPHILLIPS	Common	20825C104	9,124	1,482	19.39	905	0.44	0.0526
2023-01-30	2022-12-31	13F	CONOCOPHILLIPS	Common	20825C104	7,642	56	0.74	902	16.11	0.0516
2022-10-13	2022-09-30	13F	CONOCOPHILLIPS	COMMON	20825C104	7,586	262	3.58	776	17.93	0.0505
2022-07-21	2022-06-30	13F	CONOCOPHILLIPS	COMMON	20825C104	7,324	51	0.70	658	-9.49	0.0402
2022-04-29	2022-03-31	13F	CONOCOPHILLIPS	COMMON	20825C104	7,273	718	10.95	727	53.70	0.0415
2022-01-26	2021-12-31	13F	CONOCOPHILLIPS	COMMON	20825C104	6,555	104	1.61	473	8.24	0.0277
2021-11-05	2021-09-30	13F	CONOCOPHILLIPS	COMMON	20825C104	6,451	431	7.16	437	19.07	0.0296
2021-07-21	2021-06-30	13F	CONOCOPHILLIPS	COMMON	20825C104	6,020	516	9.38	367	25.68	0.0250
2021-04-23	2021-03-31	13F	CONOCOPHILLIPS	COMMON	20825C104	5,504	5,504		292		0.0210
2020-04-28	2020-03-31	13F	Conocophillips	Common	20825C104	0	-2,804	-100.00	0	-100.00
2020-01-24	2019-12-31	13F	Conocophillips	Common	20825C104	2,804	100	3.70	182	18.18	0.0179
2019-11-05	2019-09-30	13F	Conocophillips	Common	20825C104	2,704	-300	-9.99	154	-15.85	0.0158
2019-07-11	2019-06-30	13F	Conocophillips	Common	20825C104	3,004	300	11.09	183	1.67	0.0195
2019-04-15	2019-03-31	13F	Conocophillips	Common	20825C104	2,704	0	0.00	180	6.51	0.0198
2019-01-10	2018-12-31	13F	Conocophillips	Common	20825C104	2,704	0	0.00	169	-19.14	0.0207
2018-11-01	2018-09-30	13F	Conocophillips	Common	20825C104	2,704	2,704		209		0.0218
2017-08-07	2017-06-30	13F	Conocophillips	Common	20825C104	0	-4,005	-100.00	0	-100.00
2017-05-01	2017-03-31	13F	Conocophillips	Common	20825C104	4,005	-48	-1.18	200	-1.48	0.0376
2017-02-09	2016-12-31	13F	Conocophillips	Common	20825C104	4,053	761	23.12	203	41.96	0.0397
2016-10-28	2016-09-30	13F	Conocophillips	Common	20825C104	3,292	-158	-4.58	143	-4.67	0.0284
2016-07-27	2016-06-30	13F	Conocophillips	Common	20825C104	3,450	-2,066	-37.45	150	-32.43	0.0305
2016-05-05	2016-03-31	13F	Conocophillips	Common	20825C104	5,516	496	9.88	222	-5.13	0.0371
2016-01-21	2015-12-31	13F	Conocophillips	Common	20825C104	5,020	-383	-7.09	234	-9.65	0.0420
2015-10-23	2015-09-30	13F	Conocophillips	COM	20825C104	5,403	1,488	38.01	259	7.92	0.0501
2015-07-31	2015-06-30	13F	Conocophillips	Common	20825C104	3,915	-190	-4.63	240	-6.25	0.0454
2015-04-29	2015-03-31	13F	Conocophillips	Common	20825C104	4,105	-191,732	-97.90	256	-98.11	0.0470
2015-01-20	2014-12-31	13F	Conocophillips	Common	20825C104	195,837	12,397	6.76	13,524	-3.65	2.6084
2014-10-29	2014-09-30	13F	Conocophillips	Common	20825C104	183,440	868	0.48	14,037	-10.32	2.9014
2014-07-22	2014-06-30	13F	Conocophillips	Common	20825C104	182,572	3,552	1.98	15,652	24.28	3.2413
2014-04-23	2014-03-31	13F	Conocophillips	COM	20825C104	179,020	5,073	2.92	12,594	2.48	2.8521
2014-02-07	2013-12-31	13F	Conocophillips	Common	20825C104	173,947	523	0.30	12,289	1.94	2.7861
2013-10-04	2013-09-30	13F	Conocophillips	Common	20825C104	173,424	7,468	4.50	12,055	20.07	2.9631
2013-07-29	2013-06-30	13F	Conocophillips	Common	20825C104	165,956	165,956		10,040		2.6064

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.