ConocoPhillips (COP) closed at $92.93 in the latest trading session, marking a +1.32% move from the prior day.
ConocoPhillips (COP -0.04%) is the kind of energy company that people generally think about when they think about an oil stock. However, for most investors, ConocoPhillips won't be the best oil stock to buy.
Antero Resources is a pure-play Appalachian producer. In contrast, ConocoPhillips is mostly focused on crude oil production.
Favorable oil prices are aiding COP's bottom line. However, the stock is exposed to commodity price volatility.
CVX, COP and EOG offer stability and upside, as OPEC's outlook signals slower growth but confirms oil's lasting role in the global economy.
Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel.
ConocoPhillips (COP) closed at $86.45 in the latest trading session, marking a +0.07% move from the prior day.
ConocoPhillips (COP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
ConocoPhillips (COP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Out of the 11 stock market sectors, energy is the best-performing year to date -- up 7.9% at the time of this writing compared to a 5.1% decline in the S&P 500 (SNPINDEX: ^GSPC).
COP's upstream operations, like EOG and CVX, are highly exposed to the volatility in oil and gas prices, considering the very nature of its business model.
COP is evaluating the sale of Oklahoma assets inherited from Marathon Oil, aiming to raise $2 billion from non-core divestitures to sharpen its focus on key U.S. basins.