The Marketplace Morning Report segment titled “Chipping away at Nvidia's chip dominance” carried a market call that pulled focus from semiconductors to crude.
Here is how ConocoPhillips (COP) and Equinor (EQNR) have performed compared to their sector so far this year.
ConocoPhillips (COP) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $2.09 per share a year ago.
ConocoPhillips reported a first-quarter profit of $2.18 billion, or $1.78 a share, down from a year earlier, amid lower gas prices in Permian and lower volumes.
ConocoPhillips earnings were ahead of analysts' forecasts but it expects slightly lower production in the current quarter.
COP gains from rising crude prices amid Middle East tensions, strengthening its earnings outlook and cash flow potential.
COP to report Q1 on April 30. Estimates imply lower EPS and revenue, but shares are up 32% and trade at an EV/EBITDA discount.
Beyond analysts' top-and-bottom-line estimates for ConocoPhillips (COP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
ConocoPhillips is rated HOLD, as recent price appreciation limits long-term outperformance despite industry-leading oil inventory and ambitious FCF growth targets. Near-term earnings are buoyed by elevated oil prices, but long-term LNG asset damage from the Iran conflict threatens $3B in projected FCF gains through 2028. COP's Willow Project, now over 50% complete, is expected to drive FCF to $12.50/share by 2029, supporting a 20%+ CAGR if share repurchases continue.
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COP tops OXY on ROE, lower debt, higher yield and 6-month gains, even as the latter's 2026 EPS estimate jumps.