Jim Lebenthal and Bill Baruch join CNBC's "Halftime Report" to discuss their latest trades in Lockheed Martin, ConocoPhillips and SLB.
A favorable commodity pricing scenario is likely to have aided COP's upstream activities in Q3.
ConocoPhillips (COP) closed at $104.37 in the latest trading session, marking a -0.13% move from the prior day.
ConocoPhillips (COP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I have a hold rating on ConocoPhillips due to its fair low-teens P/E ratio, high free cash flow, and large dividend yield, but unimpressive growth trends. The recent 4% rise in the US Dollar Index has pressured WTI and natural gas prices, impacting oil and gas stocks like COP. COP's Q2 earnings beat expectations, but revenue fell short; Q3 production is expected to decline slightly YoY, with key risks including lower oil prices and rising costs.
German nationalised energy firm SEFE on Wednesday said it signed a long-term agreement with ConocoPhillips to purchase up to 9 billion cubic meters (bcm) of natural gas over the next decade.
In the latest trading session, ConocoPhillips (COP) closed at $105.67, marking a -0.45% move from the previous day.
In the latest trading session, ConocoPhillips (COP) closed at $106.15, marking a +0.94% move from the previous day.
ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of shares in the parent of the Venezuela-owned company.
ConocoPhillips could deliver a high-octane income stream.
ConocoPhillips is a strong long-term investment with a solid asset portfolio, impressive 5-year returns, and a decent 3.19% dividend yield. Q2 highlights include $14.1B in revenue and $2.3B in net income, driven by strong Canadian assets and high petroleum prices due to OPEC+ production cuts. COP's valuation ratios, including P/E and EV/EBITDA, suggest it offers better value compared to peers, despite trading at a premium in some metrics.
ConocoPhillips (COP) closed at $110.49 in the latest trading session, marking a -1.22% move from the prior day.