The latest trading day saw ConocoPhillips (COP) settling at $101.33, representing a +0.8% change from its previous close.
The latest trading day saw ConocoPhillips (COP) settling at $96.19, representing a -1.6% change from its previous close.
Forget March coming in like a lion -- this month has come in more like a bear. While the S&P 500 had climbed about 1.2% through the first two months of 2025, the index has been heading south since peaking on Feb. 19.
ConocoPhillips (COP 2.45%) is one of the country's largest oil producers. It has grown tremendously over the last five years by making a series of acquisitions.
ConocoPhillips CEO Ryan Lance said on Tuesday that the United States and Europe should coordinate their regulations on methane, a powerful greenhouse gas.
ConocoPhillips (COP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Crude oil prices have been pretty quiet so far this year. WTI, the primary U.S. oil price benchmark, has hovered around $70.
ConocoPhillips stock is currently undervalued, presenting a solid entry point for growth and income-focused investors, with a potential 25% uplift to $128. COP's strong Q4 2024 performance and $10 billion shareholder return plan, including dividends and buybacks, highlight its commitment to shareholder value. COP's strategic acquisitions and upcoming Willow project position it as a top-tier U.S. shale producer with significant future growth potential.
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Oil stocks can be excellent sources of passive income for investors who can stomach the volatility of the cyclical energy sector. And with oil prices down 9% or so in the last year, many oil and gas stocks have sold off even as broader indexes like the S&P 500 make new highs.
ConocoPhillips' $22 billion acquisition of Marathon Oil enhances reserves and production, adding 400,000 barrels of oil-equivalent per day. The deal is expected to achieve $500 million in synergies within a year and supports a 34% dividend increase to $3.12 per share. With oil prices around $70 per barrel, ConocoPhillips' 2024 earnings are projected at $8 per share, trading at a mere 12 times multiple.
As U.S. inflation rates heat up again, investors are scurrying to store assets in traditional hedges. One of the most consistently well-performing sectors in environments of high inflation is energy, which has beaten inflation 74% of the time between the years 1973 and 2024.