U.S. oil company ConocoPhillips will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees on Thursday, seen by Reuters.
COP leans on a strong balance sheet, low-cost shale plays and Marathon Oil's assets to weather oil and gas price swings.
ConocoPhillips maintained strong production in Q2 2025 despite weaker earnings from low oil prices, whereby the stock approaches a key long-term support zone
COP's Marathon Oil takeover is delivering bigger gains than expected, with annual cost savings now seen topping $1 billion.
COP secures a 20-year deal to buy 4 MTPA of LNG from Sempra's Port Arthur Phase 2, expanding its global energy footprint.
COP's low-cost global portfolio helps it stay resilient and generate cash flow even in a challenging oil price environment.
ConocoPhillips stock's underperformance since 2022 was justified by energy price volatility and a premium valuation, but recent developments warrant a fresh look. The Marathon Oil integration is progressing well, with $2B+ in expected synergies and ongoing asset optimization, supporting a stronger FY2025 outlook. ConocoPhillips' LNG strategy is pivotal, targeting doubled free cash flow by 2029, but requires disciplined capital allocation amid potential market oversupply risks.
Energy remains undervalued versus tech, and ConocoPhillips stands out for its scale, low-cost inventory, and strategic growth projects. COP's Marathon Oil acquisition boosts resource base, cost synergies, and operational efficiency, supporting robust production and future earnings growth. Strong shareholder returns, disciplined capital allocation, and a 3.3% yield make COP attractive for income, value, and growth investors.
ConocoPhillips is now a buy, driven by strong FCF growth forecasts and successful Marathon Oil integration, reversing my previous overvaluation call. The Marathon Oil acquisition adds 2.5 billion barrels of resources at a low cost, with significant synergy and asset sale opportunities to boost cash flow. The company targets over $7 billion in incremental FCF by 2029, supported by major projects like LNG and Willow and aggressive shareholder returns via dividends and buybacks.
COP is boosting Lower 48 output through efficiency gains, leveraging low-cost shale assets and a deep drilling inventory.
COP's $1.3B Anadarko Basin sale advances the firm's divestment plan, sharpening focus on high-return core assets.
ConocoPhillips (NYSE:COP ) Q2 2025 Earnings Conference Call August 7, 2025 12:00 PM ET Company Participants Andrew M. O'Brien - Executive VP of Strategy & Commercial and CFO Guy Baber - Corporate Participant Kirk L.