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.
ConocoPhillips (COP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rising oil prices are putting wind in the sails of oil and gas companies — but only for so long. They are reaching levels now that could start to bite into energy firms' bottom lines.
Confluence Wealth Services Inc. lifted its position in ConocoPhillips (NYSE: COP) by 48.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,858 shares of the energy producer's stock after purchasing an additional 11,112 shares during the quarter. Confluence