In the latest trading session, ConocoPhillips (COP) closed at $129.35, marking a +1.7% move from the previous day.
Rising Middle East tensions push oil near $100 per barrel, boosting the outlook for COP, FANG and EOG as elevated prices are set to persist in 2026.
Australia's 3D Energi said on Wednesday it received a buyout notice from the Australian unit of ConocoPhillips to acquire its participating interest in the VIC/P79 exploration permit, offshore Otway Basin, for fair market value.
Chief executives of major U.S. oil companies warned official of U.S. President Donald Trump's administration that the energy crisis triggered by the Iran war is likely to get worse, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
Oil executives told officials in White House meetings that the closure of the Strait of Hormuz might push up oil prices further.
Zacks.com users have recently been watching ConocoPhillips (COP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Mojtaba Khamenei has been appointed Iran's new Supreme Leader, taking over from his late father, Ayatollah Ali Khamenei. More hardline and conservative than his father, Khameini has already drawn criticism from U.S. President Donald Trump, who expressed "disappointment" in his selection.
Another giant in the oil world, ConocoPhillips (NYSE:COP) has climbed 25% year-to-date and 29% over the past year.
Crude oil is sitting at $116 per barrel right now, and for the energy sector, that number carries significant weight.
With WTI crude sitting at $80 per barrel as of early March, oil remains roughly $20 short of the $100 threshold that would dramatically reshape energy sector cash flows.
Goldman Sachs has shaken up its US “conviction list – directors' cut”, adding oil major ConocoPhillips (NYSE:COP, XETRA:YCP) and aerospace supplier Loar Holdings (NYSE:LOAR), while removing Huntington Ingalls Industries Inc (NYSE:HII), Valero Energy Corp (NYSE:VLO) and Madison Square Garden Entertainment (NASDAQ:MSG). The changes come against what the bank describes as a shifting market backdrop in which investors are rotating toward “heavy assets” – capital-intensive businesses seen as less vulnerable to AI disruption.
US energy companies were among the leading risers on Monday, as oil prices were lifted following the US and Israel's military strikes on Iran. The price of WTI crude oil climbed 6.4% to seven month high over $71 a barrel after the US-Israel launched 'Operation Epic Fury', which included the assassination of Iran's supreme leader and other senior officials.