ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.
ConocoPhillips posted a third-quarter profit that beat Wall Street estimates on Thursday, as the Texas-based oil and gas producer benefited from higher production.
Marathon Oil Corp , which is being acquired by larger rival ConocoPhillips , this week said it would dismiss 500 workers in Texas, according to a filing with the Texas Workforce Commission.
ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday.
ConocoPhillips (COP) reachead $104.56 at the closing of the latest trading day, reflecting a +0.18% change compared to its last close.
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.