Free Trial

ConocoPhillips (COP) Stock Price, News & Analysis

$109.61
-0.24 (-0.22%)
(As of 08/21/2024 ET)
Today's Range
$108.90
$111.19
50-Day Range
$104.57
$116.61
52-Week Range
$102.27
$135.18
Volume
4.01 million shs
Average Volume
5.70 million shs
Market Capitalization
$127.28 billion
P/E Ratio
12.41
Dividend Yield
2.12%
Price Target
$143.65

ConocoPhillips MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
31.1% Upside
$143.65 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.27
Upright™ Environmental Score
News Sentiment
0.49mentions of ConocoPhillips in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$6 M Sold Last Quarter
Proj. Earnings Growth
17.36%
From $8.64 to $10.14 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.

4.96 out of 5 stars

Oils/Energy Sector

6th out of 240 stocks

Petroleum Refining Industry

1st 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

A person walks below an electronic stock board in Tokyo Thursday, July 25, 2024
Stock market today: Asian shares mostly fall ahead of central bank meetings
Asian shares have mostly fallen in cautious trading ahead of central bank meetings around the world
Grab this ETF paying a huge 22% dividend
Imagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck worries melt away...
ConocoPhillips (NYSE:COP) Price Target Raised to $153.00 at UBS Group
ConocoPhillips (0QZA.L) interactive stock chart – Yahoo Finance
Grab this ETF paying a huge 22% dividend
Imagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck worries melt away...
See More Headlines
Receive COP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ConocoPhillips and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 6/3 Dividend
5/10/2024
Dividend Payable
6/03/2024
Last Earnings
8/01/2024
Ex-Dividend for 9/3 Dividend
8/12/2024
Today
8/21/2024
Dividend Payable
9/03/2024
Next Earnings (Estimated)
11/07/2024
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
$143.65
High Stock Price Target
$160.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+31.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
19 Analysts

Profitability

Net Income
$10.96 billion
Pretax Margin
26.93%

Debt

Sales & Book Value

Annual Sales
$58.57 billion
Cash Flow
$16.19 per share
Book Value
$42.84 per share

Miscellaneous

Outstanding Shares
1,161,250,000
Free Float
1,165,558,000
Market Cap
$127.28 billion
Optionable
Optionable
Beta
1.24

Social Links

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Should I Buy ConocoPhillips Stock? COP Pros and Cons Explained

Pros

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

  • ConocoPhillips has a strong consensus rating of "Moderate Buy" with an average price target of $145.69, indicating positive sentiment from analysts.
  • The company's current stock price is $116.61, which is higher than the 52-week low of $105.77, showing potential for growth.
  • ConocoPhillips reported earnings per share of $2.03 for the last quarter, beating the consensus estimate, demonstrating strong financial performance.
  • Several analysts have given buy and strong buy ratings to the company, suggesting confidence in its future prospects.
  • ConocoPhillips has a healthy return on equity of 20.85% and a net margin of 18.40%, indicating efficient operations and profitability.

Cons

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

  • Capital One Financial lowered their Q2 2024 earnings per share estimate for ConocoPhillips, indicating potential challenges in the upcoming quarter.
  • The company's stock price has experienced fluctuations, trading down to $112.21 recently, which may pose short-term risks for investors.
  • There have been mixed analyst opinions on the stock, with some lowering price targets, suggesting uncertainty in the market regarding ConocoPhillips.
  • ConocoPhillips has a debt-to-equity ratio of 0.35, which may raise concerns about the company's leverage and financial stability.
  • While the company has shown strong performance in the past, future earnings estimates have been revised downwards, signaling potential challenges ahead.
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 Monday, July 29, 2024. Please send any questions or comments about these ConocoPhillips pros and cons to contact@marketbeat.com.

COP Stock Analysis - Frequently Asked Questions

How have COP shares performed this year?

ConocoPhillips' stock was trading at $116.07 at the start of the year. Since then, COP stock has decreased by 5.6% and is now trading at $109.61.
View the best growth stocks for 2024 here
.

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) released its quarterly earnings results on Thursday, August, 1st. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.02. The business's quarterly revenue was up 9.7% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does ConocoPhillips have any subsidiaries?

ConocoPhillips subsidiaries include Concho Resources, Burlington Resources LLC, Tosco Corporation, Ashford Energy Capital Limited, BROG LP LLC, Burlington Resources International Inc., Burlington Resources Offshore Inc., and others.

Who are ConocoPhillips' major shareholders?

Top institutional shareholders of ConocoPhillips include Massachusetts Financial Services Co. MA (2.31%), Austin Private Wealth LLC, Bank of New York Mellon Corp (1.23%) and Dimensional Fund Advisors LP (0.97%). Insiders that own company stock include Timothy A Leach, William L Jr Bullock, R A Walker, Nicholas G Olds, Ryan Michael Lance, Andrew D Lundquist, Heather G Hrap, Caroline Maury Devine, Dominic E Macklon, Christopher P Delk, Sharmila Mulligan, Heather G Sirdashney, Ellen Desanctis and Jody Freeman.
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.

What other stocks do shareholders of ConocoPhillips own?

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

This page (NYSE:COP) was last updated on 8/22/2024 by MarketBeat.com Staff

From Our Partners