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The company said it expects to report an adjusted loss in the range of $210 million to $260 million for the quarter, compared with the average analyst estimate of a $243 million loss, according to Refinitiv IBES data.
Houston-based ConocoPhillips said it intends to resume share repurchases of $1 bln during the fourth quarter.
The company had suspended its buyback program in April as oil futures tumbled toward an all-time low. It had halved the $3 billion a year buyback program in the prior month.
The company said on Wednesday it had fully restored production in the lower 48 U.S. states, Alaska and Canada by the end of the third quarter.
