Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ConocoPhillips (COP - Free Report) .
ConocoPhillips currently has an average brokerage recommendation (ABR) of 1.55, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.55 approximates between Strong Buy and Buy.
Of the 28 recommendations that derive the current ABR, 18 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 64.3% and 14.3% of all recommendations.
Brokerage Recommendation Trends for COP
Check price target & stock forecast for ConocoPhillips here>>>
The ABR suggests buying ConocoPhillips, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is COP Worth Investing In?Looking at the earnings estimate revisions for ConocoPhillips, the Zacks Consensus Estimate for the current year has increased 2.8% over the past month to $10.84.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for ConocoPhillips. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for ConocoPhillips may serve as a useful guide for investors.
Worth Asset Management LLC acquired a new stake in ConocoPhillips (NYSE:COP – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,583 shares of the energy producer’s stock, valued at approximately $574,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. AG bought a new position in ConocoPhillips in the 2nd quarter valued at approximately $6,896,000. Cetera Trust Company N.A bought a new stake in ConocoPhillips during the 2nd quarter worth approximately $870,000. Qsemble Capital Management LP bought a new stake in ConocoPhillips during the 2nd quarter worth approximately $3,645,000. Nicholas Investment Partners LP acquired a new position in ConocoPhillips in the 2nd quarter valued at approximately $6,498,000. Finally, Osmosis Investment Management UK Ltd acquired a new position in ConocoPhillips in the 2nd quarter valued at approximately $1,475,000. Institutional investors and hedge funds own 82.36% of the company’s stock.
More ConocoPhillips News Here are the key news stories impacting ConocoPhillips this week:
Positive Sentiment: ConocoPhillips signed a 20-year agreement to purchase 1 million tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term natural-gas exposure and could strengthen future cash-flow visibility, although the benefits are several years away. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal Positive Sentiment: COP is reportedly reviewing the sale of its Norway business and the UK Teesside asset for approximately $7 billion. A transaction could improve capital flexibility, simplify the portfolio and potentially support shareholder returns. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment Positive Sentiment: Mizuho reiterated a Buy rating and set a $146 NAV-based price target, citing near-term earnings strength and longer-term LNG-driven cash-flow potential. The target implies meaningful upside from the stock’s recent level. Mizuho Reiterates Buy on ConocoPhillips With $146 Price Target Positive Sentiment: ConocoPhillips’ chairman said the oil-price floor could rise toward $70 per barrel, a constructive view for upstream producers such as COP if sustained. Oil Price Floor Likely Rising to $70 per Barrel Neutral Sentiment: Research reports comparing COP with Cactus and Calumet focus on relative valuation and sector performance rather than announcing a new fundamental development. COP’s strong year-to-date performance may limit the immediate impact of these reports. Neutral Sentiment: Management said greater political stability and fair fiscal terms would be needed to attract investors back to Venezuela and Russia, highlighting potential longer-term opportunities but no immediate earnings catalyst. Stability and Fair Fiscal Terms Needed for Investors to Return Insider Buying and Selling In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the sale, the senior vice president owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock. ConocoPhillips Stock Up 0.4% ConocoPhillips stock opened at $129.85 on Thursday. The firm has a market cap of $156.00 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.35 and a beta of 0.24. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $141.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The firm has a 50 day moving average price of $129.08 and a two-hundred day moving average price of $121.91.
ConocoPhillips (NYSE:COP – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the prior year, the firm posted $1.42 EPS. The company’s quarterly revenue was up 32.4% on a year-over-year basis. Equities analysts predict that ConocoPhillips will post 10.62 EPS for the current year.
ConocoPhillips Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.6%. ConocoPhillips’s payout ratio is presently 44.44%.
Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on COP shares. Wall Street Zen raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a report on Monday, June 22nd. Weiss Ratings upgraded ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Stifel Nicolaus started coverage on ConocoPhillips in a research report on Thursday, September 10th. They set a “hold” rating and a $148.00 target price for the company. Finally, Truist Financial lifted their target price on ConocoPhillips from $130.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $143.29.
Get Our Latest Stock Analysis on ConocoPhillips
About ConocoPhillips (Free Report)
ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.
The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.
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ConocoPhillips v reakci na nevyžádanou nabídku zvažuje prodej svých norských aktiv a terminálu Teesside ve Spojeném království. Capital One Securities odhaduje jejich hodnotu na 7 mld. USD.
Key Takeaways ConocoPhillips is reviewing an unsolicited offer for its Norway business and Teesside terminal in the U.K.COP may unlock about $7 billion from a sale, with proceeds available for debt, returns or investments.ConocoPhillips will retain the assets if the offer fails to meet its valuation expectations. ConocoPhillips (COP - Free Report) is evaluating the potential sale of its Norway business and the Teesside terminal in the U.K. after receiving an unsolicited offer. According to Reuters, COP has not identified the bidder or disclosed financial terms, but said the review aligns with its portfolio optimization strategy and that it will retain the assets if the offer falls short of expectations.
Portfolio Optimization Takes Center StageConocoPhillips’ Norway operations include interests in multiple producing fields and licenses across the Norwegian continental shelf, while the Teesside terminal processes and exports crude oil and natural gas liquids delivered through the Norpipe system. A sale would reduce the company’s exposure to mature North Sea assets and provide additional flexibility to concentrate capital on higher-priority opportunities elsewhere in its portfolio.
Potential $7B Deal Adds Financial FlexibilityCapital One Securities estimates the combined value of the Norway business and Teesside terminal at about $7 billion, representing roughly 4% of ConocoPhillips’ $163-billion enterprise value. A transaction near that valuation would provide meaningful proceeds that COP can direct toward debt reduction, shareholder returns or investments in higher-return assets.
Valuation Discipline Remains ImportantThe unsolicited nature of the offer also places ConocoPhillips in a favorable negotiating position, as the company is not under pressure to sell. Management’s willingness to retain the assets if valuation expectations are not met highlights disciplined capital allocation.
What Investors Need to WatchFor investors, the key issue is whether any agreed sale price adequately reflects the assets’ cash-generating potential. A well-priced divestiture would strengthen COP’s business model and reinforce its focus on returns and capital efficiency.
COP’s Zacks Rank & Key PicksCOP currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector are BP p.l.c. (BP - Free Report) , Cenovus Energy (CVE - Free Report) ) and Valero Energy (VLO - Free Report) , each currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BP has a diversified presence across oil and gas exploration and production, refining, marketing, trading and low-carbon businesses. The global integrated giant is pursuing an aggressive portfolio simplification strategy similar to ConocoPhillips. BP has completed or initiated sales involving its Gelsenkirchen refinery, North Sea business, Archaea Energy and other holdings, while directing proceeds toward debt reduction and higher-return opportunities.
Calgary-based Cenovus Energy produces crude oil, natural gas and natural gas liquids, with operations spanning North America and international markets. CVE recently agreed to acquire Athabasca Oil Corporation for about C$5.7 billion, a deal expected to add roughly 45,000 barrels of oil equivalent per day and strengthen its oil sands portfolio.
Valero operates 14 petroleum refineries across the United States, Canada and the United Kingdom, with combined throughput capacity of roughly 3 million barrels per day. The company’s resilient refining footprint and strong profitability support disciplined shareholder returns, with VLO returning $2.6 billion to stockholders in the second quarter of 2026.
Key Takeaways COP will buy 1 million tons of LNG annually from Venture Global for 20 years starting in 2030.COP expects LNG demand to double by 2050 and is expanding its portfolio to meet growing global demand.COP targets a 10-15 MTPA LNG portfolio, which could provide a significant source of cash flow growth. ConocoPhillips (COP - Free Report) , a leading U.S.-based exploration and production company, recently announced a deal with Venture Global (VG - Free Report) to purchase 1 million tons of liquefied natural gas (LNG) per year, under a long-term supply agreement. COP will start buying LNG under this agreement from 2030 for a duration of 20 years. VG has mentioned that it looks forward to supporting ConocoPhillips in expanding its global LNG portfolio.
In its latest earnings call, ConocoPhillips has maintained a constructive view of LNG fundamentals in the coming years. In fact, the company expects LNG demand to double by 2050. As such, COP is expanding its LNG offtake portfolio to meet the growing demand. In the second quarter, the company’s Qatar LNG operations were affected due to the conflict in the Middle East. The Ras Laffan plant was largely shut down, affecting production volumes. However, COP affirmed that the NFE and NFS projects in Qatar were progressing well despite the conflict.
The company plans to build its LNG portfolio toward a targeted 10-15 million tons per annum (MTPA). The growing LNG exposure should enable COP to capitalize on rising global demand for the commodity. Its LNG operations could also provide a significant source of long-term cash flow growth.
Zacks Rank & Key PicksCOP currently carries a Zacks Rank #3 (Hold), while VG sports a Zacks Rank #1 (Strong Buy).
Some better-ranked stocks from the energy sector are Valero Energy (VLO - Free Report) and Galp Energia SGPS SA (GLPEY - Free Report) . While Valero sports a Zacks Rank #1, Galp Energia carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here.
Valero Energy is a leading refining player with a robust network of 14 refineries and a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. VLO’s refineries have a combined Nelson Complexity Index of 11.5, which implies that the refineries can process a wide variety of feedstocks, convert them into higher-value products and shift product yields according to market conditions.
Galp Energia is a Portuguese energy company engaged in exploration and production activities. The company’s oil exploration efforts have yielded positive results, particularly with the Mopane discovery in the Orange Basin, offshore Namibia. This discovery allows Galp to diversify its global presence with the potential to become a significant oil producer in the region. It refines and markets oil products and gas, as well as engages in marketing and sales activities.
MassMutual Private Wealth & Trust FSB increased its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 83.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,337 shares of the energy producer’s stock after purchasing an additional 52,175 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in ConocoPhillips were worth $14,309,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in ConocoPhillips by 73.2% in the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after buying an additional 50,116,727 shares in the last quarter. BlackRock Inc. boosted its position in shares of ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after acquiring an additional 2,712,703 shares in the last quarter. Capital International Investors increased its holdings in shares of ConocoPhillips by 5.9% in the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after acquiring an additional 2,714,663 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after acquiring an additional 1,609,759 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of ConocoPhillips by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock worth $1,407,770,000 after acquiring an additional 648,432 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.
Analyst Ratings Changes Several research firms recently weighed in on COP. Stifel Nicolaus began coverage on ConocoPhillips in a research note on Thursday, September 10th. They set a “hold” rating and a $148.00 target price for the company. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Truist Financial lifted their target price on ConocoPhillips from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Wall Street Zen raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, UBS Group raised their price target on ConocoPhillips from $153.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.24.
Check Out Our Latest Stock Report on ConocoPhillips ConocoPhillips Stock Performance Shares of COP stock opened at $126.78 on Monday. The stock’s 50-day moving average price is $128.29 and its 200 day moving average price is $121.80. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $152.31 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.34 and a beta of 0.24. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $141.62.
ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. As a group, equities research analysts forecast that ConocoPhillips will post 10.54 EPS for the current year.
ConocoPhillips Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.84 per share. The ex-dividend date was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. ConocoPhillips’s payout ratio is presently 44.44%.
Insider Transactions at ConocoPhillips In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.
ConocoPhillips News Roundup Here are the key news stories impacting ConocoPhillips this week:
Positive Sentiment: ConocoPhillips agreed to purchase 1 million tonnes per annum of LNG from Venture Global for 20 years beginning in 2030. The deal secures long-term supply and expands COP’s LNG exposure, although the financial impact is several years away. ConocoPhillips signs 20-year LNG deal with Venture Global Positive Sentiment: ConocoPhillips is reviewing an unsolicited offer for its Norway business and U.K. Teesside asset. A potential sale could generate cash, simplify the portfolio and allow the company to focus on higher-return assets, though no transaction has been announced. ConocoPhillips explores sale of Norway business and UK Teesside asset Neutral Sentiment: Reports identify potential contenders for ConocoPhillips’ Norway assets, suggesting that the review may attract buyer interest. However, the value, timing and use of proceeds remain uncertain. Who are the contenders for ConocoPhillips’ Norway assets? Neutral Sentiment: Potential U.S. energy investment tied to an Alaska natural-gas pipeline and nuclear projects could create future opportunities for ConocoPhillips, but the projects are prospective and provide no immediate earnings benefit. South Korea set to invest $200 billion in the U.S. Negative Sentiment: Energy stocks came under broader market pressure, which likely weighed on COP independently of its company-specific announcements. Sector Update: Energy Stocks Fall Premarket Thursday ConocoPhillips Profile (Free Report)
ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.
The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.
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In mid- to late-2025, the U.S. Energy Information Administration (EIA) was quite bearish on oil, forecasting that a barrel of Brent crude would hit $50 by early 2026.
Not only did that not come to fruition, as we all know, but oil may not get that low for a very long time, if ever, according to ConocoPhillips (COP +1.26%) Chairman Ryan Lance.
At a forum in London, Lance said he sees the floor on oil prices at around $70, according to Reuters. He also expects the mid-cycle price to be around $65-$70 per barrel for West Texas Intermediate (WTI) crude oil, the benchmark for U.S. oil.
Here's what this means for oil stocks.
Image source: Getty Images.
It will take time for the oil supply chain and demand to normalizeLance said that while the Iran war certainly pressured the global oil system, it didn't break it. However, it could take until 2028 or 2029 for global demand to rebound.
"The real strategic question for companies like mine is where is the conventional (production) going to come from to satisfy that growing demand," Lance said, according to Reuters.
Additionally, Lance said ConocoPhillips is currently more focused on upstream exploration than on midstream oil investments.
Upstream involves finding and producing oil, while midstream transports and stores it, connecting upstream producers to downstream companies, which refine crude oil into products like gasoline, diesel, and jet fuel.
While the Iran war may not have broken the global oil system -- at least not yet -- it has left it vulnerable.
For instance, in the U.S., where oil tends to be cheaper than in Europe, the U.S. Strategic Petroleum Reserve (SPR) fell below 284 million barrels for the week ending Sept. 25, according to the EIA.
That's near the lowest levels seen since the SPR began in the early 1980s. The SPR requires 250-300 million barrels of oil to function properly.
Saudi Aramco's CEO, Amin Nasser, also said at the same forum where Lance spoke that it will likely take up to two years to rebuild global oil inventories.
He noted that global oil inventories were at about 10 billion barrels heading into the conflict. Roughly 3 billion barrels of supply were lost, roughly half of what would normally have moved through the Strait of Hormuz since the conflict began.
The short answer is that it's good news for most, if not all, major oil stocks, because higher oil prices mean they can sell oil at higher prices and make more money.
ConocoPhillips reported second-quarter adjusted earnings per share up 128% year over year. ExxonMobil tells a similar tale, with adjusted earnings per share up more than double year over year.
COP data by YCharts
These companies are also significantly increasing free cash flow, which gives them more money to pay down debt, strengthen their balance sheets, and return capital to shareholders, making their stocks more attractive. So, higher oil prices are a big positive.
However, one thing investors should keep their eye on is how the world continues to view oil from a geopolitical perspective following this conflict.
Given that Iran has been able to leverage the Strait of Hormuz as a major strategic advantage in the war, many experts say it makes sense for the U.S. to build new oil routes and focus on domestically produced renewable energy, due to national security concerns.
Long term, that could lead to lower oil prices, although given the demand for power right now, whether due to the rise of artificial intelligence or other factors, I think it's likely the world will need as much power as it can get from many different energy sources, including oil and renewables.
Still, it's something for oil investors to monitor.
ConocoPhillips uzavřel s Venture Global 20letou smlouvu na dodávky LNG, podle níž od roku 2030 odebere 1 milion tun ročně. Dohoda má posílit jeho globální LNG portfolio.
Venture Global (VG.N) and ConocoPhillips (COP.N) said on Thursday they had signed a 20-year liquefied natural gas (LNG) supply agreement under which ConocoPhillips will buy 1 million tonnes a year of LNG starting in 2030.
The deal comes as ConocoPhillips looks to bolster its LNG portfolio while challenges stemming from the Iran conflict have affected QatarEnergy's LNG operations and expansion projects in which ConocoPhillips holds interests.
Here are more details:
Under the agreement, ConocoPhillips will purchase 1.0 million tonnes a year of LNG from Venture Global for 20 years, with deliveries beginning in 2030.
Venture Global said the agreement will support ConocoPhillips' growing global LNG portfolio.
ConocoPhillips holds a 30% interest in QatarEnergy's Ras Laffan LNG project and also has stakes in LNG expansion projects in Qatar.
Venture Global said it has more than 100 MTPA of LNG capacity in production, construction or development.
The company's first three LNG projects, Calcasieu Pass, Plaquemines LNG and CP2 LNG, are located in Louisiana.
Envestnet Portfolio Solutions ve 2. čtvrtletí zvýšila podíl v ConocoPhillips o 40,9 % na 187 217 akcií v hodnotě 19,463 milionu USD. Akcie COP ve čtvrtek otevřely o 2,2 % výše.
Envestnet Portfolio Solutions Inc. boosted its position in ConocoPhillips (NYSE:COP – Free Report) by 40.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,217 shares of the energy producer’s stock after purchasing an additional 54,340 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in ConocoPhillips were worth $19,463,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after acquiring an additional 50,116,727 shares during the last quarter. Bank of America Corp DE bought a new position in ConocoPhillips in the 2nd quarter worth $1,260,482,000. Primecap Management Co. CA bought a new position in ConocoPhillips in the 2nd quarter worth $1,204,726,000. Legal & General Group Plc purchased a new position in ConocoPhillips during the second quarter valued at $716,151,000. Finally, Jupiter Topco LLC purchased a new position in ConocoPhillips during the second quarter valued at $427,954,000. 82.36% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades A number of analysts have commented on the company. UBS Group upped their price target on ConocoPhillips from $153.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Wells Fargo & Company raised their price objective on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Raymond James Financial restated an “underperform” rating and set a $168.00 target price on shares of ConocoPhillips in a research note on Monday, August 24th. Finally, Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $141.24.
View Our Latest Stock Report on ConocoPhillips ConocoPhillips Trading Up 2.2% Shares of COP opened at $128.00 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $141.62. The company has a 50 day simple moving average of $126.95 and a two-hundred day simple moving average of $121.40. The firm has a market cap of $153.77 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.32 and a beta of 0.13.
ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. On average, equities analysts expect that ConocoPhillips will post 10.54 earnings per share for the current fiscal year.
ConocoPhillips Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips’s dividend payout ratio is 44.44%.
Insider Buying and Selling at ConocoPhillips In other news, SVP Andrew Lundquist sold 9,487 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.
ConocoPhillips Company Profile (Free Report)
ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged primarily in finding, developing and producing crude oil, natural gas and natural gas liquids. The company sells its production to refiners, utilities, industrial customers and other energy market participants.
Its portfolio includes conventional and unconventional assets, with operations and development activities in the United States, including Alaska and the Lower 48, as well as Canada, Australia, Norway, Qatar and other international locations.
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2G Energy získala od Energy Vault zakázku na 275 MW pro napájecí systémy AI infrastruktury a datových center v USA. Dodávky mají proběhnout mezi 4. čtvrtletím 2027 a 3. čtvrtletím 2028.
Order supports Energy Vault's powered land and powered shell solutions for AI and data center customers, including hyperscalers
, /PRNewswire/ -- 2G Energy AG has received a 275 MW order from Energy Vault Holdings Inc, (NYSE: NRGV) to supply power generation systems for Energy Vault's powered land and powered shell AI energy infrastructure solutions in the United States. These solutions are designed to serve AI and data center customers, including hyperscalers. Based on current project planning, delivery of the systems is scheduled between the fourth quarter of 2027 and the third quarter of 2028.
Energy Vault is a publicly traded global energy infrastructure company that develops, owns and operates integrated power solutions for utilities, independent power producers, industrial customers and the AI and data center markets. Its technology-agnostic platform combines on-site generation, battery energy storage, power conversion and VaultOS™ energy management software to accelerate time-to-power while maintaining the reliability and flexibility mission-critical operations require.
The project will utilize plug-and-play, containerized power generation systems based on 2G's proven technology. The units will be pre-assembled and tested at 2G's manufacturing facility in Heek, Germany, before shipping to the United States ready for on-site commissioning. The systems are designed to operate as the dispatchable generation layer within Energy Vault's integrated power architecture, alongside battery energy storage and advanced controls. Together, these technologies will coordinate generation and storage in real time to support power quality, resilience and rapidly changing AI compute loads.
In addition to supplying and commissioning the systems, the order includes long-term service support. This will enable 2G to support the generation fleet throughout its lifecycle and help sustain the availability and operational performance required by mission-critical data center infrastructure.
"AI infrastructure customers need firm, always-on power on timelines that conventional grid interconnections often cannot meet. By integrating 2G's modular generation systems with Energy Vault's battery energy storage and VaultOS™ power plant controls, we can deliver a repeatable architecture that brings power online faster, responds in real time to dynamic AI workloads and can integrate grid power and renewables as they become available. 2G's proven technology, manufacturing scale and lifecycle service capabilities make the company an important long-term partner as we expand this platform in the United States and internationally," says Marco Terruzzin, Chief Revenue Officer of Energy Vault.
"This order demonstrates that our technology and our approach to standardized, high-performance, and rapidly deployable power generation solutions meet the requirements of the rapidly growing data center market," says Pablo Hofelich, CEO of 2G Energy AG.
"For us, the focus extends beyond supplying the systems. Through long-term service, we also support their reliable operation throughout the entire lifecycle. The combination of high-performance power generation, a high degree of system integration, and consistently high availability is one of 2G's proven strengths," Hofelich adds.
Data Center Power Demand Continues to Grow
The global expansion of data centers is being driven by increasing digitalization, particularly the rapidly growing demand for computing capacity associated with artificial intelligence applications. For data center operators and developers, securing sufficient and reliable electrical power has become a critical infrastructure challenge.
On-site generation can complement existing grid infrastructure, particularly where grid capacity is constrained or additional power is required on accelerated timelines. For hyperscale AI campuses, pairing dispatchable generation with battery storage and intelligent controls can also support rapid load changes, power quality and high availability under demanding operating conditions, including high ambient temperatures.
For hyperscale projects, there is growing demand for integrated power architectures that can be standardized, manufactured at scale, transported efficiently and deployed in modular phases. 2G's containerized systems support this approach through factory testing and rapid on-site integration.
"The data center market is developing very dynamically worldwide. Growing power demand, combined with limited grid capacity and constraints on available infrastructure and resources, is increasing the importance of alternative and decentralized power supply solutions," says Hofelich. "We see this as a long-term growth market for 2G and are expanding our capabilities and production capacity accordingly."
To meet growing demand and efficiently support projects of this scale, 2G is significantly expanding production capacity at its Heek facility. In addition to a new production hall that became operational earlier this year, a second production site is currently under development and is scheduled for completion by the end of 2027.
About 2G Energy AG
The 2G Energy AG Group is an internationally leading manufacturer and system provider of decentralized energy supply solutions. The company develops, manufactures, and installs comprehensive solutions for the structurally growing markets of high-efficiency combined heat and power (CHP) systems, large-scale heat pumps, and peaking power generation systems. Digital grid integration and control, along with comprehensive service and maintenance, are additional core areas of expertise.
2G's product portfolio includes CHP systems with electrical outputs ranging from 20 kW to 4,500 kW, designed to operate on hydrogen, natural gas, biogas, and other low-calorific gases; large-scale heat pumps with thermal outputs ranging from 68 kW to 3,200 kW; and peaking power generation systems starting at 500 kW of electrical output.
2G CHP systems can achieve overall efficiencies of 90 percent and higher. The efficiency of large-scale heat pumps is expressed by their coefficient of performance (COP), which can reach up to 5, depending on operating conditions.
Through its products and services, 2G operates at the intersection of decentralized, secure, and increasingly decarbonized energy supply. More than 10,000 2G systems installed worldwide provide electrical and thermal energy across a broad range of applications for customers including residential property companies, agricultural businesses, commercial and industrial organizations, utilities, municipal utilities, and public-sector authorities.
About Energy Vault Holding Inc.
Energy Vault® is an integrated power infrastructure platform that builds, owns and operates flexible, reliable energy systems to accelerate time-to-power for utilities, independent power producers, industrial customers and the AI and data center market. At the core of its platform is a technology-agnostic, software-enabled architecture designed to accelerate project delivery, optimize performance and drive faster time-to-revenue. Energy Vault's integrated solutions combine energy storage, generation and advanced energy management to deliver scalable infrastructure tailored to customer needs. Its portfolio spans short-, long- and multi-day duration storage, enabling reliability, flexibility and cost efficiency across applications. For utilities and grid operators, Energy Vault provides firm, flexible capacity that enhances grid stability and helps to ensure reliable power delivery. For industrial and data center customers, the platform enables resilient, cost-efficient power supply to support critical operations. Through its Build, Own & Operate model, Energy Vault generates long-term, recurring revenues while delivering project execution excellence across development, delivery and operations. By combining innovation with disciplined execution, Energy Vault is redefining how power infrastructure is developed and deployed – delivering reliability, flexibility and scale in a rapidly evolving global energy market. Please visit www.energyvault.com for additional information.
Contact:
Julian Efker
2G Energy AG
Phone: +49 2568 9347-2125
Mail: [email protected]
Website: www.2-g.com
View original content:https://www.prnewswire.com/news-releases/2g-energy-receives-275-mw-order-from-energy-vault-holding-inc-nyse-nrgv-for-us-ai-energy-infrastructure-solutions-302887836.html
B. Metzler seel. Sohn & Co. AG acquired a new stake in ConocoPhillips (NYSE:COP – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,330 shares of the energy producer’s stock, valued at approximately $6,896,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. TrinityBridge Ltd acquired a new position in shares of ConocoPhillips during the 2nd quarter valued at $86,000. NFJ Investment Group LLC bought a new position in ConocoPhillips during the second quarter valued at approximately $895,000. Silvant Capital Management LLC acquired a new position in ConocoPhillips during the second quarter worth $104,000. LaSalle St. Investment Advisors LLC acquired a new stake in shares of ConocoPhillips in the second quarter worth $535,000. Finally, Mystic Asset Management Inc. acquired a new stake in ConocoPhillips in the 2nd quarter valued at approximately $940,000. Institutional investors and hedge funds own 82.36% of the company’s stock.
More ConocoPhillips News Here are the key news stories impacting ConocoPhillips this week:
Positive Sentiment: ConocoPhillips reported adjusted earnings of $3.24 per share, exceeding the $2.90 consensus estimate, while revenue reached $19.52 billion. The company also generated $7.2 billion in operating cash flow, doubled share repurchases and declared an $0.84 quarterly dividend, reinforcing confidence in cash generation and shareholder returns. ConocoPhillips Beats Earnings and Names New CEO Positive Sentiment: Higher crude prices have supported a broader energy-sector rally and improved the near-term earnings outlook for upstream producers such as COP. Analysts have also issued mostly favorable ratings, with a reported median price target of $146. ConocoPhillips Gains as Higher Oil Prices Add to Post-Earnings Momentum Positive Sentiment: Investors see additional upside if the company successfully executes its LNG strategy and Willow development. One analysis estimates COP could be approximately 6% below fair value under that growth scenario. ConocoPhillips Could Be 6% Below Fair Value If LNG and Willow Deliver Neutral Sentiment: Management is undergoing succession changes, including CEO Ryan Lance’s retirement and internal finance leadership appointments. The insider promotions provide continuity, but investors will monitor whether the new leadership maintains disciplined capital allocation. ConocoPhillips Gives Finance Chief Role to Insider Negative Sentiment: After its sharp advance, COP trades at a premium valuation, increasing sensitivity to oil prices and execution. Recent disclosures also show substantial insider selling, which could temper enthusiasm even though institutional and analyst activity remains broadly supportive. Is ConocoPhillips Stock a Buy as Growth Meets a Premium Valuation? ConocoPhillips Stock Performance COP opened at $135.45 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.88. The firm has a market cap of $162.72 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.43 and a beta of 0.11. The business’s fifty day moving average is $115.30 and its 200-day moving average is $117.66. ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. Sell-side analysts expect that ConocoPhillips will post 10.46 EPS for the current fiscal year.
ConocoPhillips Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.5%. ConocoPhillips’s dividend payout ratio is 44.44%.
Analyst Ratings Changes COP has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Susquehanna raised their target price on shares of ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a research note on Tuesday, August 11th. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.21.
Read Our Latest Analysis on COP
About ConocoPhillips (Free Report)
ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.
The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.
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ConocoPhillips má silnou podporu v ziscích: výhled zisku pro letošní rok za čtyři týdny vzrostl o 9,2 %. Firma zároveň rozšířila LNG offtake na 12 MTPA.
Key Takeaways ConocoPhillips' 2026 earnings estimate increased 9.2% over four weeks, supporting its fundamental outlook.LNG offtake has expanded to 12 MTPA, with projects expected to begin contributing to cash flow in 2027.COP trades above key sales benchmarks as weak gas pricing and major-project risks temper its growth case. ConocoPhillips (COP - Free Report) combines improving earnings expectations with a deep Lower 48 inventory, expanding liquefied natural gas (LNG) exposure and the multi-year Willow project in Alaska. Those drivers support a longer growth runway, but the stock is not uniformly cheap.
The investment debate therefore centers on price versus execution. A premium sales valuation raises the bar just as commodity sensitivity, weak regional gas pricing and major-project risks remain part of the outlook.
COP's Valuation Sits Above Key BenchmarksCOP's forward price-to-sales ratio of 2.31 is above the Zacks sub-industry's 1.84, the Zacks Oils-Energy sector's 1.41 and its own five-year median of 2.02. Its forward price-to-earnings ratio of 13.83 is closer to the sub-industry's 14.20, while the PEG ratio of 0.81 is below the industry's 1.83.
Image Source: Zacks Investment Research
Chevron Corporation (CVX - Free Report) is included in COP's industry peer set and offers investors another large-cap energy benchmark when comparing valuation and operating momentum. ExxonMobil Holdings Corporation (XOM - Free Report) is also in that peer group, providing another reference point for judging whether COP's project pipeline merits a richer sales multiple.
ConocoPhillips Still Has Strong Earnings SupportThe Zacks Consensus Estimate for current-year earnings has moved 9.2% higher over the past four weeks. That revision trend gives the stock fundamental support as investors assess how much future improvement is already reflected in the share price.
Second-quarter 2026 adjusted earnings of $3.24 per share beat the consensus mark of $2.96 by 9.5%. Revenues of $19.52 billion also topped the $17.54 billion consensus mark by 11.3%, helped by a 36% increase in the average realized price to $62.33 per barrel of oil equivalent.
COP Earnings Estimates Point to Strong 2026 GrowthFor ConocoPhillips, the Zacks Consensus Estimate for the quarter ending September 2026 is $2.33 per share, indicating 44.7% year-over-year growth from $1.61. The consensus estimate for the quarter ending December 2026 stands at $2.27 per share, representing 122.6% growth from the year-ago figure of $1.02.
For full-year 2026, the Zacks Consensus Estimate is pegged at $10.05 per share, up 63.2% from $6.16 a year earlier. The estimate for 2027 stands at $8.99 per share, implying a 10.6% decline from the 2026 estimate. Current-quarter estimates range from $1.76 to $2.74 per share, while next-quarter projections range from $1.91 to $2.76. The estimates point to substantial earnings growth through 2026, followed by an expected moderation in 2027.
Image Source: Zacks Investment Research
ConocoPhillips' LNG and Willow Projects Extend the RunwayConocoPhillips has expanded commercial LNG offtake to 12 million metric tons per year (MTPA). Management expects its LNG projects to begin contributing in 2027, adding another source of cash-flow growth beyond the company's Lower 48 operations.
Willow remains on schedule for first oil in early 2029, with peak project capital now behind the company. Management also expects lower capital spending and reinvestment needs as major projects come online, underpinning its targeted $7 billion free-cash-flow inflection by 2029.
COP Must Navigate Pricing and Execution RiskThe Lower 48 realized natural gas price was negative $1.44 per thousand cubic feet in the second quarter, compared with positive $1.60 a year earlier. That weakness shows how regional gas pricing can offset some of the benefit from production scale and efficiency.
Execution risk is also material. Second-quarter production fell 143 thousand barrels of oil equivalent per day as Lower 48 growth was more than offset by the Qatar conflict and higher Surmont royalties. The pace of the Qatar ramp remains uncertain, while Willow, LNG projects and newer Middle East opportunities require disciplined delivery. Accrued environmental costs for U.S. and Canadian remediation also rose to $306 million from $220 million at year-end 2025.
ConocoPhillips' Style Strength Tempers a Hold-Level SignalCOP currently carries a Zacks Rank #3 (Hold), which supports a measured stance rather than an aggressive buy call. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The stock also has a Value Score of A, Growth Score of A, Momentum Score of A and VGM Score of A.Those A grades indicate favorable characteristics across several investment styles, and the Value Score considers multiple criteria rather than a single valuation measure.
Still, Zacks Style Scores are designed to complement the Zacks Rank. With COP carrying Zacks Rank #3, the combination favors patience while investors monitor whether earnings growth and project execution can keep pace with the valuation.
BlackRock Inc. lifted its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,886,457 shares of the energy producer’s stock after acquiring an additional 2,712,703 shares during the quarter. BlackRock Inc. owned 7.71% of ConocoPhillips worth $9,760,436,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. AXA S.A. grew its stake in ConocoPhillips by 91.1% in the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock valued at $7,622,000 after acquiring an additional 40,499 shares during the last quarter. Sei Investments Co. raised its position in shares of ConocoPhillips by 6.1% during the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock worth $70,397,000 after purchasing an additional 44,852 shares during the last quarter. BNP Paribas acquired a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in ConocoPhillips in the 2nd quarter valued at approximately $151,000. Finally, Main Street Financial Solutions LLC lifted its stake in ConocoPhillips by 53.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock valued at $431,000 after buying an additional 1,675 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.
Wall Street Analyst Weigh In Several research firms have weighed in on COP. Barclays dropped their price target on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a report on Monday, June 22nd. The Goldman Sachs Group decreased their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Mizuho lowered their price target on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Weiss Ratings raised shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.48.
Read Our Latest Research Report on ConocoPhillips COP opened at $129.82 on Wednesday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The business has a 50-day moving average of $114.31 and a two-hundred day moving average of $117.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The stock has a market capitalization of $155.96 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.11.
ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. During the same period last year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 32.4% on a year-over-year basis. On average, research analysts expect that ConocoPhillips will post 10.05 earnings per share for the current year.
ConocoPhillips Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is 44.44%.
ConocoPhillips Company Profile (Free Report)
ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.
The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.
Read More Five stocks we like better than ConocoPhillips The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP – Free Report).
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SummaryConocoPhillips is upgraded from Hold to Buy, driven by robust Q2 results and a constructive oil price outlook.COP's tier-1 Lower-48 shale assets are supported by strong operational and financial performance.The CEO transition to Andrew O'Brien signals strategic continuity, with no major shifts expected before Willow comes online in 2029.However, COP's capital returns remain heavily skewed toward buybacks over dividends, contrasting with Chevron's approach.Meantime, refining fundamentals at Conoco's sister company, Phillips 66, are already very tight, will tighten further, and refined product margins are expected to stay very strong through 2027. Dmitrii Pichugin/iStock via Getty Images
ConocoPhillips (COP) reported its Q2 results on Thursday, and there were no surprises in the financials—it was yet another display of solid operations and consistent and steady project execution. Revenue and earnings were, of course, significantly boosted
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of COP, XOM, CVX, PSX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.
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ConocoPhillips (COP - Free Report) reported $19.52 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 32.4%. EPS of $3.24 for the same period compares to $1.42 a year ago.
The reported revenue represents a surprise of +11.32% over the Zacks Consensus Estimate of $17.54 billion. With the consensus EPS estimate being $2.96, the EPS surprise was +9.46%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how ConocoPhillips performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Natural gas produced per day - Total company: 3710 millions of cubic feet per day compared to the 3530.99 millions of cubic feet per day average estimate based on five analysts.Total production per day: 2101 millions of barrels of oil equivalent per day versus the five-analyst average estimate of 2211.96 millions of barrels of oil equivalent per day.Crude oil produced per day - Total company: 1094 millions of barrels of oil per day versus 1146.66 millions of barrels of oil per day estimated by five analysts on average.Average Sales Price - Natural gas - Total company: $2.58 compared to the $3.27 average estimate based on four analysts.Natural gas liquids produced per day - Total company: 420 millions of barrels of oil per day compared to the 406.73 millions of barrels of oil per day average estimate based on four analysts.Average Sales Price - Crude oil - Total company per bbl: $99.40 compared to the $97.99 average estimate based on three analysts.Bitumen produced per day: 115 millions of barrels of oil per day versus 112.83 millions of barrels of oil per day estimated by three analysts on average.Crude oil produced per day - Europe, Middle East and North Africa: 122 millions of barrels of oil per day compared to the 110.49 millions of barrels of oil per day average estimate based on two analysts.Natural gas liquids produced per day - Europe, Middle East and North Africa: 8 millions of barrels of oil per day versus 7.97 millions of barrels of oil per day estimated by two analysts on average.Natural gas produced per day - Europe, Middle East and North Africa: 514 millions of cubic feet per day compared to the 510.39 millions of cubic feet per day average estimate based on two analysts.Revenues- Sales and other operating revenues: $19.16 billion versus $18.14 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +36.8% change.Revenues- Equity in earnings of affiliates: $239 million compared to the $173.93 million average estimate based on two analysts. The reported number represents a change of -24.1% year over year.View all Key Company Metrics for ConocoPhillips here>>>
Shares of ConocoPhillips have returned +8.1% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
ConocoPhillips uvedla, že případné zpoždění projektu LNG v Kataru bude nejspíš jen v řádu měsíců, ne více než roku. Nečeká ani dopad na volný peněžní tok.
QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. REUTERS/Stringer/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 6 (Reuters) - ConocoPhillips (COP.N), opens new tab said on Thursday that any delay to its Qatar LNG project would likely be in months rather than a year or more and it does not expect any impact on free cash flow.
The U.S. oil and gas producer is a partner in QatarEnergy's main LNG project, which includes offshore facilities in the North Field and onshore facilities at Ras Laffan.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
"We're expecting any delays that may come on first gas or first cargo to be in the nature of months, you know, not a full year," a ConocoPhillips executive said on a post-earnings call.
Planned maintenance at Ras Laffan was completed during the second quarter and a ramp-up in production is expected in the third quarter, the executive added.
The U.S.-Iran war has forced QatarEnergy, one of the world's biggest LNG exporters, to shut liquefaction trains, declare force majeure on deliveries and suspend exports.
Qatar accounts for about a fifth of global LNG trade, and a prolonged outage would tighten supplies and raise prices for key buyers.
Reporting by Pooja Menon in Bengaluru and Arathy Somasekhar in Houston; Editing by Shinjini Ganguli and Joyjeet Das
Our Standards: The Thomson Reuters Trust Principles., opens new tab
ConocoPhillips ve 2. čtvrtletí 2026 zvýšil čistý zisk na 3,9 miliardy USD, tedy 3,23 USD na akcii, a vyplatí čtvrtletní dividendu ve výši 0,84 USD na akcii.
ConocoPhillips (NYSE: COP) today reported second-quarter 2026 earnings of $3.9 billion, or $3.23 per share, compared with second-quarter 2025 earnings of $2.0 billion, or $1.56 per share. Excluding special items, second-quarter 2026 adjusted earnings were $4.0 billion, or $3.24 per share, compared with second-quarter 2025 adjusted earnings of $1.8 billion, or $1.42 per share.
“ConocoPhillips delivered strong second-quarter results with exceptional operational performance, record production from our peer-leading Permian position and disciplined execution across the business, all while continuing to progress our strategic priorities,” said Ryan Lance, chairman and chief executive officer. “We doubled our quarterly share repurchases, achieved our $5 billion asset disposition target ahead of schedule, secured low cost of supply opportunities in the Middle East, and increased our LNG offtake to 12 MTPA. We are executing well, delivering on our strategy, and remain on track to achieve our $7 billion free cash flow inflection by 2029.”
Second-quarter highlights and recent announcements
Delivered total company and Lower 48 production of 2,248 thousand barrels of oil equivalent per day (MBOED) and 1,479 MBOED, respectively.Increased shareholder distributions to $3.0 billion, including $2.0 billion through share repurchases and $1.0 billion through the ordinary dividend.Signed agreements to sell noncore Lower 48 assets for $1.7 billion, which closed in July, achieving $5 billion disposition target ahead of schedule.Signed an agreement to acquire a 42% interest in a joint venture in the Kirkuk area of northern Iraq, accessing long-life, conventional redevelopment opportunities at an attractive entry cost and competitive cost of supply; closing expected by year-end 2026.Executed an agreement for re-entry into Syria, leveraging existing infrastructure to restore and increase production at onshore fields.Advanced commercial LNG strategy with additional 2 million tonnes per annum (MTPA) of offtake agreements, bringing total LNG offtake to 12 MTPA.Ended the quarter with cash and short-term investments of $8.1 billion and long-term investments of $1.2 billion. Quarterly dividend
ConocoPhillips declared a third-quarter ordinary dividend of $0.84 per share, payable Sept. 1, 2026, to stockholders of record at the close of business on Aug. 17, 2026.
Second-quarter review
Production for the second quarter of 2026 was 2,248 MBOED, a decrease of 143 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, second-quarter 2026 production decreased 98 MBOED or 4% from the same period a year ago. Organic growth from Lower 48 was more than offset by the impact of the Middle East conflict on Qatar and higher Surmont royalties.
Lower 48 delivered production of 1,479 MBOED, including 720 MBOED from the Delaware Basin, 202 MBOED from the Midland Basin, 363 MBOED from the Eagle Ford and 189 MBOED from the Bakken.
Earnings and adjusted earnings increased from the second quarter of 2025, primarily due to higher prices. The company’s total average realized price was $62.33 per BOE, 36% higher than the $45.77 per BOE realized in the second quarter of 2025.
For the quarter, cash provided by operating activities was $7.4 billion. Excluding a change in working capital, ConocoPhillips generated CFO of $7.2 billion. In addition, ConocoPhillips received $0.2 billion of disposition proceeds from the sale of noncore assets. The company funded $3.0 billion of capital expenditures and investments, repurchased $2.0 billion of shares, and paid $1.0 billion in ordinary dividends.
Six-month review
ConocoPhillips’ six-month 2026 earnings were $6.1 billion, or $5.00 per share, compared with six-month 2025 earnings of $4.8 billion, or $3.79 per share. Six-month 2026 adjusted earnings were $6.3 billion, or $5.13 per share, compared with six-month 2025 adjusted earnings of $4.5 billion, or $3.52 per share.
Production for the first six months of 2026 was 2,278 MBOED, a decrease of 113 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, production decreased 57 MBOED or 2% from the same period a year ago. Organic growth from Lower 48 was more than offset by the impact of the Middle East conflict on Qatar and higher Surmont royalties.
The company’s total realized price during this period was $56.37 per BOE, 14% higher than the $49.54 per BOE realized in the first six months of 2025.
In the first six months of 2026, cash provided by operating activities was $11.7 billion. Excluding a change in working capital, ConocoPhillips generated CFO of $12.6 billion and received disposition proceeds of $0.2 billion. The company funded $6.0 billion of capital expenditures and investments, repurchased $3.0 billion of shares, and paid $2.1 billion in ordinary dividends.
Outlook
Third-quarter 2026 production is expected to be 2.29 to 2.32 million barrels of oil equivalent per day.
All full-year guidance items remain unchanged.
ConocoPhillips will host a conference call today at 12:00 p.m. Eastern time to discuss this announcement. To listen to the call and view related presentation materials and supplemental information, go to www.conocophillips.com/investor. A recording and transcript of the call will be posted afterward.
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About ConocoPhillips
As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues, costs and plans, and objectives of management for future operations. Words and phrases such as “ambition,” “anticipate,” “believe,” “budget,” “continue,” “could,” “effort,” “estimate,” “expect,” “forecast,” “goal,” “guidance,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “will,” “would,” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition of impairment charges on our long-lived assets, leaseholds and nonconsolidated equity investments; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes as a result of any ongoing military conflict and the global response to such conflict, security threats on facilities and infrastructure, global health crises, the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries or the resulting company or third-party actions in response to such changes; the potential for insufficient liquidity or other factors that could impact our ability to repurchase shares and declare and pay dividends; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks and the inherent uncertainties in predicting reserves and reservoir performance; reductions in our reserve replacement rates, whether as a result of significant declines in commodity prices or otherwise; unsuccessful exploratory drilling activities or the inability to obtain access to exploratory acreage; failure to progress or complete announced and future development plans related to constructing, modifying or operating E&P and LNG facilities, or unexpected changes in costs, inflationary pressures or technical equipment related to such plans; significant operational or investment changes imposed by legislative and regulatory initiatives and international agreements addressing environmental concerns, including initiatives addressing the impact of global climate change, such as limiting or reducing GHG emissions, regulations concerning hydraulic fracturing, methane emissions, flaring or water disposal and prohibitions on commodity exports; substantial investment in and increased adoption of competing or alternative energy sources; risks, uncertainties and high costs that may prevent us from successfully executing on our Climate-related Risk Strategy; lack or inadequacy of, or disruptions in reliable transportation for our crude oil, bitumen, natural gas, LNG and NGLs; inability to timely obtain or maintain permits, including those necessary for construction, drilling and/or development, or inability to make capital expenditures required to maintain compliance with any necessary permits or applicable laws or regulations; potential disruption or interruption of our operations and any resulting consequences due to accidents, extraordinary weather events, supply chain disruptions, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; liability for remedial actions, including removal and reclamation obligations, under existing or future environmental regulations and litigation; liability resulting from pending or future litigation or our failure to comply with applicable laws and regulations; general domestic and international economic, political and diplomatic developments, including deterioration of international trade relationships, the imposition of trade restrictions or tariffs relating to commodities and material or products (such as aluminum and steel) used in the operation of our business, expropriation of assets, changes in governmental policies relating to commodity pricing, including the imposition of price caps, sanctions or other adverse regulations or taxation policies; competition and consolidation in the oil and gas E&P industry, including competition for sources of supply, services, personnel and equipment; any limitations on our access to capital or increase in our cost of capital or insurance, including as a result of illiquidity, changes or uncertainty in domestic or international financial markets, foreign currency exchange rate fluctuations or investment sentiment; challenges or delays to our execution of, or successful implementation of any asset dispositions or acquisitions we elect to pursue; potential disruption of our operations, including the diversion of management time and attention; our inability to realize anticipated cost savings or capital expenditure reductions; difficulties integrating acquired businesses and technologies; or other unanticipated changes; our inability to deploy the net proceeds from any asset dispositions that are pending or that we elect to undertake in the future in the manner and timeframe we anticipate, if at all; the operation, financing and management of risks of our joint ventures; the ability of our customers and other contractual counterparties to satisfy their obligations to us, including our ability to collect payments when due from the government of Venezuela or PDVSA; uncertainty as to the long-term value of our common stock; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term “resource” in this news release that the SEC’s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.
Use of Non-GAAP Financial Information – To supplement the presentation of the company’s financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this news release and the accompanying supplemental financial information contain certain financial measures that are not prepared in accordance with GAAP, including adjusted earnings (calculated on a consolidated and on a segment-level basis), adjusted earnings per share (EPS), free cash flow (FCF) and cash from operations (CFO).
The company believes that the non-GAAP measure adjusted earnings (both on an aggregate and a per-share basis) is useful to investors to help facilitate comparisons of the company’s operating performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding items that do not directly relate to the company’s core business operations. Adjusted earnings is defined as earnings removing the impact of special items. Adjusted EPS is a measure of the company’s diluted net earnings per share excluding special items. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and for comparison with the performance of peer companies. The company believes that the above-mentioned non-GAAP measures, when viewed in combination with the company’s results prepared in accordance with GAAP, provide a more complete understanding of the factors and trends affecting the company’s business and performance. The company’s Board of Directors and management also use these non-GAAP measures to analyze the company’s operating performance across periods when overseeing and managing the company’s business.
Each of the non-GAAP measures included in this news release and the accompanying supplemental financial information has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the company’s results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the company’s presentation of non-GAAP measures in this news release and the accompanying supplemental financial information may not be comparable to similarly titled measures disclosed by other companies, including companies in our industry. The company may also change the calculation of any of the non-GAAP measures included in this news release and the accompanying supplemental financial information from time to time in light of its then existing operations to include other adjustments that may impact its operations.
Reconciliations of each non-GAAP measure presented in this news release to the most directly comparable financial measure calculated in accordance with GAAP are included in the release.
Other Terms – This news release also may contain the term pro forma underlying production. Pro forma underlying production reflects the impact of closed acquisitions and closed dispositions as of June 30, 2026. The impact of closed acquisitions and dispositions assumes a closing date of Jan. 1, 2025. The company believes that underlying production is useful to investors to compare production reflecting the impact of closed acquisitions and dispositions on a consistent go-forward basis across periods and with peer companies. Return of capital is defined as the total of the ordinary dividend and share repurchases. References in the release to project capital exclude capitalized interest and references to earnings refer to net income.
ConocoPhillips
Table 1: Reconciliation of earnings to adjusted earnings
$ millions, except as indicated
2Q26
2Q25
2026 YTD
2025 YTD
Pre-tax
Income
tax
After-
tax
Per
share of
common
stock
(dollars)
Pre-tax
Income
tax
After-
tax
Per
share of
common
stock
(dollars)
Pre-tax
Income
tax
After-
tax
Per
share of
common
stock
(dollars)
Pre-tax
Income
tax
After-
tax
Per
share of
common
stock
(dollars)
Earnings
$
3,931
3.23
1,971
1.56
6,114
5.00
4,820
3.79
Adjustments:
(Gain) loss on asset sales
—
—
—
—
(274
)
64
(210
)
(0.17
)
—
—
(338
)
23
(315
)
(0.25
)
Transaction, integration and restructuring expenses
32
(7
)
25
0.02
58
(12
)
46
0.04
47
(10
)
37
0.03
111
(24
)
87
0.07
(Gain) loss in interest rate hedge1
(37
)
9
(28
)
(0.02
)
(18
)
4
(14
)
(0.01
)
(28
)
7
(21
)
(0.02
)
(33
)
7
(26
)
(0.02
)
Pending claims and settlements
30
(7
)
23
0.02
—
—
—
—
113
(27
)
86
0.07
(123
)
29
(94
)
(0.07
)
(Gain) loss on contingent liability measurement2
—
—
—
—
—
—
—
—
78
(19
)
59
0.05
—
—
—
—
Adjusted earnings / (loss)
$
3,951
3.24
1,793
1.42
6,275
5.13
4,472
3.52
1 Interest rate hedging (gain) loss from PALNG Phase 1 Investment.
2 Related to our Surmont acquisition.
The income tax effects of the special items are primarily calculated based on the statutory rate of the jurisdiction in which the discrete item resides.
Certain totals may differ from the sum of the underlying components due to rounding.
ConocoPhillips
Table 2: Reconciliation of net cash provided by operating activities to cash from operations
$ millions, except as indicated
2Q26
2026 YTD
Net Cash Provided by Operating Activities
$
7,434
11,729
Adjustments:
Net operating working capital changes
258
(834
)
Cash from operations
$
7,176
12,563
ConocoPhillips
Table 3: Reconciliation of reported production to pro forma underlying production
MBOED, except as indicated
2Q26
2Q25
2026 YTD
2025 YTD
Total reported ConocoPhillips production
2,248
2,391
2,278
2,391
Closed Dispositions1
—
(45
)
—
(56
)
Closed Acquisitions
—
—
—
—
Total pro forma underlying production
2,248
2,346
2,278
2,335
1 Includes production related to various Lower 48 noncore dispositions.
Certain totals may differ from the sum of the underlying components due to rounding.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260806732689/en/
Key Takeaways ConocoPhillips is expected to post higher Q2 earnings and revenues from year-ago levels.COP's Q2 EPS estimate of $2.96 implies 108.5% growth, with revenues seen rising 19% to $17.54B.Higher oil prices may aid COP, but volatility, unhedged output and Qatar's shut-in could weigh on results. ConocoPhillips (COP - Free Report) is set to report second-quarter 2026 results on Aug. 6, before the opening bell.
Let us delve into the factors that are likely to have influenced the performance of the leading independent exploration and production player. However, before that, it would be worth reviewing COP’s performance in the previous quarter.
Highlights of COP’s Q1 Earnings & Surprise HistoryIn the last reported quarter, COP’s earnings of $1.89 per share beat the Zacks Consensus Estimate of $1.73, driven by lower costs and improved operational efficiency.
ConocoPhillips’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 1.03%. This is depicted in the graph below:
The upstream player beat earnings estimates in three of the trailing four quarters and missed once, delivering an average surprise of 5.78%. This is depicted in the graph below.
COP’s Estimate TrendThe Zacks Consensus Estimate for second-quarter earnings per share of $2.96 has witnessed one upward and four downward revisions in the past 30 days. The consensus estimate implies an increase of 108.5% from the year-ago reported number.
The Zacks Consensus Estimate for revenues of $17.54 billion indicates a 19% improvement from the year-ago reported figure.
Factors to Consider for COPConocoPhillips is expected to have sustained a stable performance during the second quarter, driven by higher commodity prices. According to the U.S. Energy Information Administration, the West Texas Intermediate spot price for April and May 2026 was $100.32 and $102.13 per barrel, respectively, before falling to $84.81 in June. These prices marked a significant increase from the $63.54, $62.17 and $68.17 per barrel reported in the corresponding period of 2025. The pricing environment is expected to have supported the company's upstream earnings.
However, geopolitical tensions in the Middle East likely resulted in significant price volatility during the second quarter, adding uncertainty to ConocoPhillips' operating environment. In addition, the company remains unhedged on its oil and LNG production. While this strategy allows it to fully benefit from higher commodity prices, it also leaves earnings more exposed to downside price movements. Further, Qatar’s production shut-in may have affected its LNG operations in the region, potentially weighing on overall performance.
These factors are anticipated to have affected volume and pricing dynamics, potentially hampering COP’s performance in the to-be-reported quarter.
COP's Earnings WhispersOur proven model does not predict an earnings beat for COP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that's not the case here, as you will see below.
Earnings ESP: COP has an Earnings ESP of -1.33%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: The company currently has a Zacks Rank #4 (Sell).
Stocks to ConsiderHere are some other energy firms that you may want to consider, as they have the right combination of elements to post an earnings beat this reporting cycle.
Cheniere Energy (LNG - Free Report) currently has an Earnings ESP of +3.69% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cheniere Energy is scheduled to release second-quarter earnings on Aug. 6. The Zacks Consensus Estimate for LNG’s earnings is pegged at $2.80 per share, implying a 61.6% decline from the prior-year reported figure.
Occidental Petroleum (OXY - Free Report) currently has an Earnings ESP of +5.33% and a Zacks Rank #3.
Occidental Petroleum is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for OXY’s earnings is pegged at $1.96 per share, indicating a 402.6% increase from the prior-year reported figure.
Excelerate Energy (EE - Free Report) currently has an Earnings ESP of +11.04% and a Zacks Rank #3.
Excelerate Energy is scheduled to release second-quarter 2026 earnings on Aug. 5. The Zacks Consensus Estimate for EE’s earnings is pegged at 35 cents per share, implying a 2.9% increase from the prior-year reported figure.
Wall Street čeká, že ConocoPhillips za čtvrtletí vykáže zisk 2,96 USD na akcii a tržby 17,54 miliardy USD, tedy meziročně výrazně více. Odhad EPS byl za 30 dní snížen o 13,4 %.
Wall Street expects a year-over-year increase in earnings on higher revenues when ConocoPhillips (COP - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 6. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $2.96 per share in its upcoming report, which represents a year-over-year change of +108.5%.
Revenues are expected to be $17.54 billion, up 19% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 13.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for ConocoPhillips?For ConocoPhillips, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.33%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that ConocoPhillips will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that ConocoPhillips would post earnings of $1.73 per share when it actually produced earnings of $1.89, delivering a surprise of +9.25%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ConocoPhillips doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsConocoPhillips (COP - Free Report) , another stock in the Zacks Oil and Gas - Integrated - United States industry, is expected to report earnings per share of $2.96 for the quarter ended June 2026. This estimate points to a year-over-year change of +108.5%. Revenues for the quarter are expected to be $17.54 billion, up 19% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for ConocoPhillips has been revised 13.4% down to the current level. Nevertheless, the company now has an Earnings ESP of -1.33%, reflecting a lower Most Accurate Estimate.
When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that ConocoPhillips will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $120.20, marking a +1.19% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the energy company had gained 11.1% outpaced the Oils-Energy sector's gain of 5.23% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2026. In that report, analysts expect ConocoPhillips to post earnings of $2.96 per share. This would mark year-over-year growth of 108.45%. At the same time, our most recent consensus estimate is projecting a revenue of $17.54 billion, reflecting a 18.98% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.2 per share and revenue of $66.91 billion. These totals would mark changes of +49.35% and +8.72%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.78% lower. As of now, ConocoPhillips holds a Zacks Rank of #4 (Sell).
From a valuation perspective, ConocoPhillips is currently exchanging hands at a Forward P/E ratio of 12.91. This denotes a discount relative to the industry average Forward P/E of 19.19.
We can also see that COP currently has a PEG ratio of 1.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 1.96.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Key Takeaways ConocoPhillips agreed to terms to acquire a 42% stake in BP's unit redeveloping four Iraqi oil fields.The $25 billion project covers fields with more than 3 billion boe of initial gross recoverable resources.Existing production lowers execution risk, while exploration upside may support long-term growth. ConocoPhillips (COP - Free Report) , a leading U.S.-based exploration and production player, has announced that it has agreed to acquire a 42% stake in BP Energy Company of Kirkuk Limited (BP ECKL), a subsidiary of the British energy major BP plc (BP - Free Report) . The subsidiary is involved in the redevelopment of four large oil fields with producing wells in the Kirkuk region of Iraq. Through this partnership, COP will support the ongoing redevelopment efforts for these oil fields. The announcement mentioned that the agreement is anticipated to be signed during Iraq’s Prime Minister al-Zaidi's visit to Washington, D.C., in the United States.
BP ECKL operates under the Development and Production Contract (DPC), which enables it to develop and produce oil from the prominent Baba and Avanah domes of the Kirkuk oil field. The DPC also covers the Bai Hassan, Jambur and Khabbaz oil fields, all of which are currently producing. These fields have an estimated initial gross recoverable resource surpassing 3 billion barrels of oil equivalent (boe), highlighting significant resource potential.
The companies intend to recover these reserves via rehabilitation and upgradation of existing field infrastructure, redevelopment activities and optimization of field operations to improve efficiency. The joint venture project at the giant Kirkuk oil field is estimated to cost around $25 billion.
In addition to raising output from the existing fields, the contract area has exploration potential, suggesting the region may contain untapped oil and gas resources that could be developed later, supporting long-term production growth. The deal is expected to close by the end of 2026, pending necessary regulatory approvals and customary closing conditions.
COP believes that the oil fields included in this project are high-quality assets capable of generating attractive returns. The company’s CEO noted that this redevelopment opportunity aligns with ConocoPhillips’ disciplined approach to capital allocation, while providing exposure to a high-quality, long-life and large asset base that can benefit the company. The project leverages an existing production base, making it capital-efficient, while reducing execution risk and enabling it to generate returns faster. The deal will expand the company’s international portfolio of assets and is expected to boost its total production in the future. The company noted that the redevelopment of these large, established oilfields meets its low cost of supply criteria, while offering exploration upside.
Zacks Rank & Key PicksConocoPhillips and BP currently carry a Zacks Rank #4 (Sell).
Some better-ranked stocks from the energy sector are Par Pacific Holdings (PARR - Free Report) and Valero Energy (VLO - Free Report) . While Par Pacific currently sports a Zacks Rank #1 (Strong Buy), Valero Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Par Pacific Holdings operates an integrated downstream energy business across the United States, with fuel retail operations in Hawaii, Washington and Idaho, refining operations in Hawaii, Wyoming, Washington and Montana, and a supporting logistics network. Its refineries have a combined crude oil throughput capacity of 219,000 barrels per day and produce gasoline, diesel, jet fuel, marine fuels, asphalt and other petroleum products.
Valero Energy is a leading refining player with a robust network of 14 refineries located across the United States, Canada and Peru. The company has a combined high-complexity throughput capacity of 3 million barrels per day, which distinguishes it from other independent refiners. Valero’s refineries have a combined Nelson Complexity Index of 11.5, which implies that they can process a wide variety of feedstocks, convert it into higher-value products and shift product yields according to market conditions.
BP a ConocoPhillips chystají v Iráku nové investice v řádu miliard dolarů, zatímco USA tlačí na posílení tamního energetického sektoru. Na summitu ve Washingtonu má padnout přes 60 miliard USD dohod mezi americkými firmami a iráckou vládou.
BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country's energy sector and reduce the region's reliance on routes vulnerable to Iranian disruption, according to people familiar with the plans.
The announcements are expected during the U.S.-Iraq Business Summit in Washington, CNBC's Brian Sullivan told Access Middle East, citing sources. Iraqi Prime Minister Ali Al-Zaidi will meet senior U.S. officials and executives from major energy companies at the summit.
The event is expected to feature more than $60 billion in agreements and memorandums of understanding between U.S. companies and the Iraqi government.
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The investments by BP, ConocoPhillips and other companies will be in billions of dollars, and might even be in tens of billions, the people said. Details of the individual commitments were not immediately available.
The deals come as the U.S seeks to expand investment in Iraq's energy sector, boost the country's oil production and diversify export routes vulnerable to regional disruption.
The Strait of Hormuz handled roughly a fifth of global oil before the war broke out and has become an increasingly important focus for energy markets after renewed tensions between the United States and Iran.
BP has a history in Iraq dating back about a century and has in recent years focused on the giant Rumaila oilfield. In 2025, the company finalized an agreement with Baghdad to redevelop oil and gas resources in Kirkuk, covering the Baba and Avanah domes of the Kirkuk field and the nearby Bai Hassan, Jambur and Khabbaz fields.
Iraq is courting some of the world's largest energy-services and industrial companies as it seeks to expand oil and gas production and accelerate development of its natural gas resources.
Al-Zaidi met representatives from Halliburton, Shell, Honeywell, Weatherford and Baker Hughes in Houston on Thursday, with talks covering investment, technology and potential participation in large energy projects, according to his office.
ConocoPhillips (COP - Free Report) ended the recent trading session at $110.72, demonstrating a +2.1% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw an increase of 0.2%.
The stock of energy company has fallen by 7.15% in the past month, lagging the Oils-Energy sector's loss of 4.3% and the S&P 500's gain of 1.64%.
Analysts and investors alike will be keeping a close eye on the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. The company's upcoming EPS is projected at $3.04, signifying a 114.08% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.69 billion, up 19.99% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.57 per share and revenue of $67.59 billion, which would represent changes of +55.36% and +9.82%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for ConocoPhillips. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.6% lower. ConocoPhillips is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, ConocoPhillips is presently trading at a Forward P/E ratio of 11.33. This indicates a discount in contrast to its industry's Forward P/E of 19.26.
Also, we should mention that COP has a PEG ratio of 1.26. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Integrated - United States industry had an average PEG ratio of 1.92.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Shell čeká letos stagnaci globální poptávky po LNG kvůli uzavření Hormuzského průlivu, ale od roku 2027 má růst a do roku 2050 stoupnout o 65 % na 700 milionů tun.
Shell (SHEL +0.95%) recently released its latest outlook for the global liquefied natural gas (LNG) market. The energy giant noted that while the war-driven closure of the Strait of Hormuz will cause LNG demand to flatten out this year, it expects growth to resume in 2027 and rise 65% by 2050.
Here’s a look at Shell’s latest outlook and some LNG stocks capitalizing on this growth trend.
Image source: Getty Images.
A war-driven speedbumpAbout 20% of global LNG volumes flowed through the Strait of Hormuz before the U.S. and Israel launched military strikes against Iran earlier this year. Iran has retaliated by attacking ships trying to exit the Persian Gulf through the Strait of Hormuz, causing a steep drop in LNG traffic. Iran also attacked LNG infrastructure in Qatar, causing damage that could knock out 17% of its capacity for up to five years. ExxonMobil (XOM +0.37%) owned minority interests in two of the damaged LNG trains, while Shell holds a stake in a damaged gas-to-liquids facility.
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U.S. LNG shippers have helped offset some of this supply disruption by ramping up exports, including a record 11.7 million metric tons (MT) in March. Meanwhile, U.S. export capacity got a boost in April when ExxonMobil and its partner QatarEnergy loaded the first cargo at their recently completed Golden Pass terminal.
Despite the surge in U.S. LNG exports, Shell expects that global LNG demand will be similar to last year’s level. That assumes shipping through the Strait of Hormuz returns to normal later this summer.
While Shell sees flat demand this year, it expects growth to return to normal in 2027. It foresees growth continuing through 2050, when demand is projected to reach 700 million tonnes, a 65% increase from 2025 levels. Asia will be the main driver of LNG demand growth. Emerging markets in South and Southeast Asia will increasingly adopt the cleaner-burning fuel in place of coal. Meanwhile, mature markets like Japan will need more LNG to help power data centers.
More LNG investment is neededSeveral energy companies are already building new LNG capacity to meet growing demand. However, Shell estimates that energy companies will need to build around an additional 200 million tonnes of new supply in the 2030s and 2040s to meet growing demand.
Shell is helping lead the charge to build more global LNG capacity. It has joint venture investments in two expansion projects in Qatar: North Field East (NFE) and North Field South (NFS). It also has a minority stake in the Ruwais LNG project in the UAE. Meanwhile, Shell is evaluating an expansion of the recently completed LNG Canada terminal, which it could approve by the end of this year. As an LNG leader, Shell will likely continue to pursue new investments to grow global LNG capacity.
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Meanwhile, LNG is one of ExxonMobil’s long-term growth catalysts. As noted, Exxon and QatarEnergy recently completed the Golden Pass LNG project. It’s also a partner with Shell on QatarEnergy’s NFE project. These projects are key drivers supporting its growth plan to 2030. Additionally, Exxon expects new LNG project start-ups in Papua New Guinea and Mozambique to fuel growth beyond 2030. Exxon is also reportedly evaluating a potential acquisition of Woodside Energy, which has leading LNG operations in Australia and a large-scale LNG development project in the U.S. (Louisiana LNG).
ConocoPhillips (COP +0.09%) is also expanding its global LNG platform. The U.S. oil and gas giant owns interests in the NFS and NFE projects. Additionally, it has an equity interest in Port Arthur LNG (phase 1) and an LNG supply contract for phase 2. The company also has an LNG supply agreement for Rio Grande LNG (Train 5). Those contracts are part of its aspiration to build a 10 to 15 MT per year portfolio of commercial LNG supply contracts from third-party facilities.
Capitalizing on growing global LNG demandWhile LNG demand will flatten out this year due to supply disruptions stemming from the Strait of Hormuz closure, growth should resume next year and continue through 2050. That’s providing Shell, ExxonMobil, ConocoPhillips, and other large energy companies with multiple LNG investment opportunities. These investments should help fuel their growth in the coming decades, making them compelling energy stocks to buy and hold for the long term.
