Conoco Phillips (COP)
| Market Cap | 137.82B |
| Revenue (ttm) | 62.53B |
| Net Income (ttm) | 11.20B |
| Shares Out | 1.19B |
| EPS (ttm) | 9.18 |
| PE Ratio | 12.64 |
| Forward PE | 11.03 |
| Dividend | $2.32 (2.00%) |
| Ex-Dividend Date | Nov 13, 2023 |
| Volume | 3,578,638 |
| Open | 117.21 |
| Previous Close | 116.50 |
| Day's Range | 115.81 - 117.55 |
| 52-Week Range | 91.53 - 127.35 |
| Beta | 1.23 |
| Analysts | Buy |
| Price Target | 135.21 (+16.49%) |
| Earnings Date | Feb 8, 2024 |
About COP
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. [Read more]
Financial Performance
In 2022, COP's revenue was $82.16 billion, an increase of 69.92% compared to the previous year's $48.35 billion. Earnings were $18.68 billion, an increase of 131.22%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for COP stock is "Buy." The 12-month stock price forecast is $135.21, which is an increase of 16.49% from the latest price.
News
Big oil enters 2024 strengthened by U.S. industry consolidation
HOUSTON, Dec 26 (Reuters) - The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost r
ConocoPhillips Greenlights $8 Billion Oil Project In Alaska Following Failed Block By Native Groups
Oil producer ConocoPhillips announced Friday it approved the construction funds for a $8 billion oil-drilling operation in Alaska known as Project Willow, a final investment decision that comes days a...
ConocoPhillips to move forward with development of Willow project in Alaska
Dec 22 (Reuters) - U.S. oil giant ConocoPhillips (COP.N) on Friday gave the financial greenlight to its $8 billion Willow oil and gas drilling project in Alaska.
ConocoPhillips Makes Final Investment Decision to Develop the Willow Project
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and...
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 8
HOUSTON--(BUSINESS WIRE)--ConocoPhillips will host a webcast on Thurs., Feb. 8, 2024, at 12 p.m. ET to discuss Q42023 financial and operating results, and 2024 guidance items.
Energy looks to dominate markets with 3 oil and gas stocks
They say that you should take analyst projections and ratings with a grain of salt and that the actual language of the market is read through valuation ratios and price action. You could follow this l...
Chart Master: What's next for oil and energy stocks?
Carter Worth, Worth Charting, takes a closer look at oil's slippery slide down as prices continue to fall.
ConocoPhillips' Record Production, Favorable Oil Prices Fuel Earnings Beat
ConocoPhillips (COP) beat earnings predictions for the third quarter after revenue got a boost from increased production levels and rebounding oil prices.
ConocoPhillips profit and production top estimates as oil major raises quarterly dividend by 14%
ConocoPhillips' stock COP, -1.79% rose 0.9% in premarket trade Thursday, after the energy giant posted better-than-expected third-quarter profit and said it's raising its quarterly dividend by 14%. Th...
ConocoPhillips beats third-quarter profit estimates on higher output
ConocoPhillips on Thursday beat Wall Street's third-quarter profit estimates, as the U.S. shale producer benefited from higher output, and raised its quarterly dividend by 14%.
ConocoPhillips Reports Third-Quarter 2023 Results; Announces 14% Increase in Quarterly Ordinary Dividend
HOUSTON--(BUSINESS WIRE)--ConocoPhillips today reported third-quarter 2023 earnings of $2.8 billion, or $2.32 per share.
Up 15% In Last Six Months, Will ConocoPhillips Stock Continue To Grow Post Q3?
We expect ConocoPhillips stock to trade lower post Q3 with both revenue and earnings missing market expectations marginally.
Oil swings have led analysts to recommend these 2 stocks
Once one of the best-performing sectors in the economy, on a three-year basis, energy stocks are now beginning to show some signs of weakness due to structural cracks. On a year-to-date basis, this fo...
Oil and solar stocks: Energy sector breakdown amid geopolitical conflict, energy transition
Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they exp...
Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals
ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the sector picks up p...
The energy sector is healthy and in good shape for M&A activity, says Third Bridge's Peter McNally
Peter McNally, Global Sector Lead for Industrials, Materials and Energy at Third Bridge, discusses recent M&A deals in the energy sector.
ConocoPhilips Could Be the Next Big Oil Acquirer After Chevron-Hess Deal
ConocoPhilips could be the next U.S. energy company looking to make a big purchase, according to KeyBanc analysts. Here are the potential targets.
Bill Smead Says Restricting Oil Supply Will Only Drive Prices Up
In an interview on Friday, Bill Smead, the chief investment officer of Smead Capital, spoke with CNBC's “The Exchange” about Exxon Mobil Corp.'s (XOM, Financial) potential $60 billion takeover of Pion...
Steelworkers union welcomes ConocoPhillips employees in Montney, B.C.
FORT ST. JOHN, British Columbia--(BUSINESS WIRE)-- #bclab--USW is thrilled to welcome workers from ConocoPhillips in Montney, B.C., a small town north of Fort St. John.
Energy stocks: Analyst shares top picks amid volatile oil prices
Oil prices have slumped back below $90 per barrel following the news that OPEC+ will continue with its production cut plans. Could the Fed's interest rate strategy be an overhanging factor on the ener...
ConocoPhillips Completes Purchase of Remaining 50% Interest in Surmont
HOUSTON--(BUSINESS WIRE)--ConocoPhillips today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd.
Here's why Energy Aspects' Amrita Sen is a buyer of dips in energy stocks
Amrita Sen, Energy Aspects founder and director of research, joins 'Squawk on the Street' to discuss what to expect from energy stocks in Q4, whether prices can continue to rise from here, and more.