NYSE:COP

ConocoPhillips (COP) Stock Price, News & Analysis

$128.88
-0.96 (-0.74%)
(As of 11:04 AM ET)
Today's Range
$128.29
$129.55
50-Day Range
$109.55
$133.55
52-Week Range
$95.70
$135.18
Volume
1.09 million shs
Average Volume
5.34 million shs
Market Capitalization
$151.62 billion
P/E Ratio
14.23
Dividend Yield
1.80%
Price Target
$143.24

ConocoPhillips MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
11.3% Upside
$143.24 Price Target
Short Interest
Healthy
1.09% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.27
Upright™ Environmental Score
News Sentiment
0.75mentions of ConocoPhillips in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$87.62 M Sold Last Quarter
Proj. Earnings Growth
13.52%
From $9.47 to $10.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.84 out of 5 stars

Oils/Energy Sector

9th out of 234 stocks

Petroleum Refining Industry

2nd out of 17 stocks

COP stock logo

About ConocoPhillips Stock (NYSE:COP)

ConocoPhillips is a US-based muti-national energy company. ConocoPhillips is a diversified and integrated energy company with operations in all energy industry segments. In 2021, it was ranked the 8th largest petroleum company by market cap and was #156 on the Forbes Fortune 500 list. Regarding the global economy, it is the world’s 574th largest business, with operations in 13 countries. It is one of 5 remaining companies from Standard Oil’s split up and is the result of decades of mergers and acquisitions.

The company’s earliest origins are in 1875 with the birth of Continental Oil and Transportation Company, Conoco. The company grew quickly with the industrial revolution and the widening usage of Kerosene, among other petroleum products, for heating and lighting. By 1885 it had become part of the Standard Oil family of companies, a time in which it also saw explosive growth.

Assets related to the original Conoco were sold to oil exploration leader E.W. Marland and were later remerged following Standard’s demise. By 1929, the company was an independent and fully integrated energy company specializing in crude and derivative products. Phillips Petroleum Company was founded in 1917 as an oil exploration company that quickly expanded into diversified operations. The company hit the big times upon the discovery of natural gas in the Texas panhandle and it saw explosive growth in the war and post-war periods of the early and mid-20th century.

Today, ConocoPhillips explores for, develops and produces crude oil, natural gas, natural gas liquids and bitumen across a diversified portfolio of assets. The company also transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), natural gas liquids and their derivative products through a global network of distributors.

The company’s operations span the conventional and tight oil markets, including shale gas, heavy oil, oil sands and other petroleum-related businesses. As of late 2022, the company had more than 6.1 billion barrels of proven oil and oil-equivalent reserves and was producing 1.731 million barrels of crude and equivalents per day. Roughly 50% of operations are centered in the crude oil market while less than 40% are natural gas, with the remainder made up of LNG and bitumen (asphalt).

The company's portfolio includes conventional, unconventional plays in North America, Europe, Asia and Australia. Assets are primarily located in Alaska (about 33% of US production), Eagle Ford, the Permian Basin, the Bakken, the Gulf of Mexico and the Anadarko Basin. Revenue topped $45.8 billion in 2021 and the company employs about 9,900 worldwide. Exploratory operations are underway in Columbia and Chile where the opportunity for both scale and flexibility is present.

ConocoPhillips was the first major oil company to adopt the Paris Climate Accord and pledge to achieve net-zero scope 1 and scope 2 emissions by 2050. Areas of focus include increasing operational efficiencies, supporting the reduction of end-use pollutants and advancing low-carbon alternatives, including hydrogen production and fuel cells.

 

COP Stock Price History

COP Stock News Headlines

Pennsylvania county joins other local governments in suing oil industry over climate change
A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
ConocoPhillips: About That Extra Mile
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
ConocoPhillips (NYSE:COP) PT Raised to $157.00 at Piper Sandler
Piper Sandler Keeps Their Buy Rating on Conocophillips (COP)
3 Energy Stocks to Buy Now: Q2 Edition
Key Takeaways From ConocoPhillips Analyst Ratings
ConocoPhillips: Oil At $85, Buy Or Sell?
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 3/1 Dividend
2/15/2024
Dividend Payable
3/01/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
20825C10
Employees
9,900
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$143.24
High Stock Price Target
$170.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+10.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$10.96 billion
Pretax Margin
27.81%

Debt

Sales & Book Value

Annual Sales
$58.57 billion
Cash Flow
$16.21 per share
Book Value
$41.50 per share

Miscellaneous

Outstanding Shares
1,176,410,000
Free Float
1,172,408,000
Market Cap
$152.73 billion
Optionable
Optionable
Beta
1.24

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Should I Buy ConocoPhillips Stock? COP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in ConocoPhillips:

  • ConocoPhillips explores for, produces, transports, and markets crude oil, natural gas, LNG, and natural gas liquids globally, providing exposure to diverse energy markets.
  • The company has a portfolio that includes unconventional plays, conventional assets, global LNG developments, and oil sands assets, offering a mix of high-potential opportunities.
  • ConocoPhillips has a strong inventory of global exploration prospects, indicating potential for future growth and expansion.
  • Recent developments have shown positive analyst recommendations for ConocoPhillips, reflecting confidence in the company's performance and potential.
  • Investors may find the current stock price of ConocoPhillips attractive for potential value and growth opportunities in the energy sector.

Cons

Investors should be bearish about investing in ConocoPhillips for these reasons:

  • Volatility in global energy markets could impact ConocoPhillips' operations and financial performance, leading to uncertainties for investors.
  • Regulatory changes or environmental concerns may pose risks to ConocoPhillips' operations and profitability, affecting investor sentiment.
  • Fluctuations in commodity prices, such as crude oil and natural gas, could influence ConocoPhillips' revenue and earnings, impacting investor returns.
  • Market competition and geopolitical factors may introduce challenges for ConocoPhillips in maintaining its market position and profitability, affecting investor confidence.
  • Investors should consider the overall economic conditions and industry trends when evaluating the long-term investment prospects of ConocoPhillips.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these ConocoPhillips pros and cons to contact@marketbeat.com.

COP Stock Analysis - Frequently Asked Questions

Should I buy or sell ConocoPhillips stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There are currently 4 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COP shares.
View COP analyst ratings
or view top-rated stocks.

What is ConocoPhillips' stock price target for 2024?

16 brokers have issued 1 year price targets for ConocoPhillips' shares. Their COP share price targets range from $120.00 to $170.00. On average, they expect the company's share price to reach $143.24 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for COP
or view top-rated stocks among Wall Street analysts.

How have COP shares performed in 2024?

ConocoPhillips' stock was trading at $116.07 at the beginning of 2024. Since then, COP shares have increased by 10.9% and is now trading at $128.68.
View the best growth stocks for 2024 here
.

Are investors shorting ConocoPhillips?

ConocoPhillips saw a decrease in short interest in March. As of March 31st, there was short interest totaling 12,880,000 shares, a decrease of 5.7% from the March 15th total of 13,660,000 shares. Based on an average trading volume of 5,600,000 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the shares of the company are sold short.
View ConocoPhillips' Short Interest
.

When is ConocoPhillips' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our COP earnings forecast
.

How can I listen to ConocoPhillips' earnings call?

ConocoPhillips will be holding an earnings conference call on Thursday, May 2nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) issued its earnings results on Thursday, February, 8th. The energy producer reported $2.40 EPS for the quarter, beating the consensus estimate of $2.08 by $0.32. The energy producer earned $15.31 billion during the quarter, compared to analysts' expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a trailing twelve-month return on equity of 22.08%. During the same quarter in the prior year, the business posted $2.71 EPS.
Read the conference call transcript
.

How often does ConocoPhillips pay dividends? What is the dividend yield for ConocoPhillips?

ConocoPhillips declared a quarterly dividend on Thursday, February 8th. Investors of record on Monday, February 19th will be paid a dividend of $0.78 per share on Friday, March 1st. This represents a $3.12 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for COP
.

Is ConocoPhillips a good dividend stock?

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.32 per share and currently has a dividend yield of 1.79%. The dividend payout ratio is 25.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 21.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

What is Ryan M. Lance's approval rating as ConocoPhillips' CEO?

417 employees have rated ConocoPhillips Chief Executive Officer Ryan M. Lance on Glassdoor.com. Ryan M. Lance has an approval rating of 88% among the company's employees.

What other stocks do shareholders of ConocoPhillips own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ConocoPhillips investors own include AT&T (T), Intel (INTC), Exxon Mobil (XOM), Chevron (CVX), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Verizon Communications (VZ), AbbVie (ABBV), Pfizer (PFE) and Bank of America (BAC).

Who are ConocoPhillips' major shareholders?

ConocoPhillips' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.27%), AMF Tjanstepension AB (0.21%), Raymond James & Associates (0.13%), Assenagon Asset Management S.A. (0.12%), Allspring Global Investments Holdings LLC (0.06%) and Fifth Third Bancorp (0.04%). Insiders that own company stock include Andrew D Lundquist, Caroline Maury Devine, Christopher P Delk, Dominic E Macklon, Dominic E Macklon, Ellen Desanctis, Heather G Hrap, Heather G Sirdashney, Jody Freeman, Nicholas G Olds, Nicholas G Olds, R A Walker, Ryan Michael Lance, Sharmila Mulligan, Timothy A Leach, Welsh Kontessa S Haynes and William L Jr Bullock.
View institutional ownership trends
.

How do I buy shares of ConocoPhillips?

Shares of COP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ConocoPhillips have any subsidiaries?
The following companies are subsidiares of ConocoPhillips: Ashford Energy Capital Limited, BROG LP LLC, Burlington Resources International Inc., Burlington Resources LLC, Burlington Resources Offshore Inc., Burlington Resources Oil & Gas Company LP, Burlington Resources Trading LLC, Concho Resources, Conoco Development Services Inc., Conoco Funding Company, Conoco Petroleum Operations Inc., ConocoPhillips (03-12) Pty Ltd, ConocoPhillips (Browse Basin) Pty Ltd, ConocoPhillips (Grissik) Ltd., ConocoPhillips (U.K.) Holdings Limited, ConocoPhillips (U.K.) Marketing and Trading Limited, ConocoPhillips ANS Marketing Company, ConocoPhillips Alaska II Inc., ConocoPhillips Alaska Inc., ConocoPhillips Angola 36 Ltd., ConocoPhillips Angola 37 Ltd., ConocoPhillips Asia Ventures Pte. Ltd., ConocoPhillips Australia Barossa Pty Ltd, ConocoPhillips Australia Gas Holdings Pty Ltd, ConocoPhillips Australia Holdings Pty Ltd, ConocoPhillips Australia Investments Pty Ltd, ConocoPhillips Australia Pacific LNG Pty Ltd, ConocoPhillips Australia Pty Ltd, ConocoPhillips Bohai Limited, ConocoPhillips Canada (BRC) Partnership, ConocoPhillips Canada (NS) 2426 ULC, ConocoPhillips Canada Marketing & Trading ULC, ConocoPhillips Canada NS Partnership, ConocoPhillips Canada Resources Corp., ConocoPhillips China Inc., ConocoPhillips Colombia Ventures Ltd., ConocoPhillips Company, ConocoPhillips Funding Ltd., ConocoPhillips Gulf of Paria B.V., ConocoPhillips Hamaca B.V., ConocoPhillips Indonesia Holding Ltd., ConocoPhillips JPDA Pty Ltd, ConocoPhillips Libya Waha Ltd., ConocoPhillips Marine Containment Holdings LLC, ConocoPhillips Norge, ConocoPhillips North Caspian Ltd., ConocoPhillips Norway Funding Ltd., ConocoPhillips Petroleum Holdings B.V., ConocoPhillips Pipeline Australia Pty Ltd, ConocoPhillips Qatar Funding Ltd., ConocoPhillips Qatar Ltd., ConocoPhillips Sabah Gas Holdings Limited, ConocoPhillips Sabah Gas Ltd., ConocoPhillips Sabah Holdings Limited, ConocoPhillips Sabah Ltd., ConocoPhillips Skandinavia AS, ConocoPhillips Surmont Partnership, ConocoPhillips Transportation Alaska Inc., ConocoPhillips WA-248 Pty Ltd, Darwin LNG Pty Ltd, Inexco Oil Company, Phillips Coal Company, Phillips International Investments Inc., Phillips Investment Company LLC, Phillips Petroleum International Corporation LLC, Phillips Petroleum International Investment Company LLC, Polar Tankers Inc., Sooner Insurance Company, The Louisiana Land and Exploration Company LLC, and Tosco Corporation.
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This page (NYSE:COP) was last updated on 4/24/2024 by MarketBeat.com Staff

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