ConocoPhillips (COP) closed the most recent trading day at $102.69, moving +0.84% from the previous trading session.
Last year was a relatively calm period for the oil market. Demand was healthy while OPEC kept a tight lid on its supplies, which supported prices.
Oil prices have bounced around quite a bit over the past year. WTI, the primary U.S. benchmark price, has topped $80 a barrel several times, including earlier this month.
COP becomes the sole operator of the Kebabangan gas field, which has an export capacity of up to 750 million standard cubic feet per day.
Malaysia's Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips.
In the closing of the recent trading day, ConocoPhillips (COP) stood at $104.28, denoting a -1.48% change from the preceding trading day.
ConocoPhillips (COP 0.57%) has grown into one of the world's largest oil and gas producers over the years. The oil company's public history dates back to 1998, when the Continental Oil Company separated from DuPont.
In the latest trading session, ConocoPhillips (COP) closed at $105.48, marking a +0.57% move from the previous day.
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
The S&P 500 is just a few percentage points off a record high, sports a relatively expensive valuation, and is coming off back-to-back years of massive gains. But many energy stocks have inexpensive valuations and high yields, making them good buys for value and passive-income investors.
Crude oil prices were relatively quiet last year. Brent oil, the global benchmark price , slipped 3%, closing the year at around $77 a barrel.
Energy stocks delivered an underwhelming performance in 2024. For example, the Energy Select Sector SPDR Fund -- which holds the energy stocks listed in the S&P 500 -- delivered a meager 2% return last year, significantly underperforming the broader market index's 23% return.