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ConocoPhillips (COP) Stock Price, News & Analysis

$113.90
+1.58 (+1.41%)
(As of 02/8/2024 ET)
Today's Range
$112.59
$115.29
50-Day Range
$106.93
$119.93
52-Week Range
$91.53
$127.35
Volume
7.70 million shs
Average Volume
5.34 million shs
Market Capitalization
$135.25 billion
P/E Ratio
12.45
Dividend Yield
2.04%
Price Target
$135.18

ConocoPhillips MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
18.7% Upside
$135.18 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.27
Upright™ Environmental Score
News Sentiment
0.27mentions of ConocoPhillips in the last 14 days
Based on 50 Articles This Week
Insider Trading
Selling Shares
$5.04 M Sold Last Quarter
Proj. Earnings Growth
11.18%
From $8.50 to $9.45 Per Share

Overall MarketRank

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

4.92 out of 5 stars

Oils/Energy Sector

7th out of 237 stocks

Petroleum Refining Industry

1st out of 17 stocks


COP stock logo

About ConocoPhillips Stock (NYSE:COP)

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

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

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

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

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

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

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

 

COP Stock Price History

COP Stock News Headlines

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Hess stock could be the biggest winner in the United Staes oil industry, the macro certainly supports it, analysts and markets are all over it too
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I just taped a live demonstration of Elon Musk’s AI in action. Elon already created an “army of millionaires” with Tesla. Looks like he’ll do it again with his AI because unlike ChatGPT, Elon’s AI works in the REAL world.
Jobless Claims Decreased More Than Expected
How to profit from the new boom in gold
Gold just passed $2,000/oz and is set for a new bull run in 2024. Now a renowned precious metals expert is sharing his No. 1 way to play it for just $5. 
ConocoPhillips tops Q4 earnings estimates
ConocoPhillips: Q4 Earnings Snapshot
ConocoPhillips declares $0.58 dividend
ConocoPhillips Q4 Profit Decreases, but beats estimates
A Preview Of ConocoPhillips's Earnings
ConocoPhillips (COP) Scheduled to Post Earnings on Thursday
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 12/1 Dividend
11/13/2023
Dividend Payable
12/01/2023
Today
2/08/2024
Next Earnings (Confirmed)
2/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
20825C10
Employees
9,500
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$135.18
High Stock Price Target
$160.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+18.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$18.68 billion
Pretax Margin
27.60%

Debt

Sales & Book Value

Annual Sales
$82.16 billion
Cash Flow
$20.56 per share
Book Value
$38.52 per share

Miscellaneous

Outstanding Shares
1,187,410,000
Free Float
1,183,015,000
Market Cap
$135.25 billion
Optionable
Optionable
Beta
1.24

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COP Stock Analysis - Frequently Asked Questions

Should I buy or sell ConocoPhillips stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There are currently 4 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COP shares.
View COP analyst ratings
or view top-rated stocks.

What is ConocoPhillips' stock price target for 2024?

17 analysts have issued 12 month price objectives for ConocoPhillips' shares. Their COP share price targets range from $105.00 to $160.00. On average, they anticipate the company's share price to reach $135.18 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for COP
or view top-rated stocks among Wall Street analysts.

How have COP shares performed in 2024?

ConocoPhillips' stock was trading at $116.07 at the start of the year. Since then, COP shares have decreased by 1.9% and is now trading at $113.90.
View the best growth stocks for 2024 here
.

Are investors shorting ConocoPhillips?

ConocoPhillips saw a increase in short interest in December. As of December 31st, there was short interest totaling 13,040,000 shares, an increase of 16.2% from the December 15th total of 11,220,000 shares. Based on an average daily volume of 5,870,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.1% of the shares of the stock are sold short.
View ConocoPhillips' Short Interest
.

When is ConocoPhillips' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our COP earnings forecast
.

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) issued its quarterly earnings results on Thursday, August, 3rd. The energy producer reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.94 by $0.10. The energy producer had revenue of $12.88 billion for the quarter, compared to analysts' expectations of $14.64 billion. ConocoPhillips had a trailing twelve-month return on equity of 23.30% and a net margin of 17.91%. During the same quarter in the prior year, the firm earned $3.91 EPS.
Read the conference call transcript
.

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

ConocoPhillips declared a quarterly dividend on Thursday, November 2nd. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.58 per share on Friday, December 1st. This represents a $2.32 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, November 13th. This is a boost from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for COP
.

Is ConocoPhillips a good dividend stock?

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.32 per share and currently has a dividend yield of 2.08%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 25.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 24.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

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

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

What other stocks do shareholders of ConocoPhillips own?

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

Who are ConocoPhillips' major shareholders?

ConocoPhillips' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.33%), Dimensional Fund Advisors LP (1.01%), Fisher Asset Management LLC (0.63%), Charles Schwab Investment Management Inc. (0.56%), Alphinity Investment Management Pty Ltd (0.39%) and Boston Partners (0.34%). Insiders that own company stock include Andrew D Lundquist, Caroline Maury Devine, Dominic E Macklon, Ellen Desanctis, Heather G Sirdashney, Jody Freeman, Nicholas G Olds, Nicholas G Olds, R A Walker, Ryan Michael Lance, Sharmila Mulligan, Timothy A Leach and Welsh Kontessa S Haynes.
View institutional ownership trends
.

How do I buy shares of ConocoPhillips?

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

Does ConocoPhillips have any subsidiaries?
The following companies are subsidiares of ConocoPhillips: Ashford Energy Capital Limited, BROG LP LLC, Burlington Resources International Inc., Burlington Resources LLC, Burlington Resources Offshore Inc., Burlington Resources Oil & Gas Company LP, Burlington Resources Trading LLC, Concho Resources, Conoco Development Services Inc., Conoco Funding Company, Conoco Petroleum Operations Inc., ConocoPhillips (03-12) Pty Ltd, ConocoPhillips (Browse Basin) Pty Ltd, ConocoPhillips (Grissik) Ltd., ConocoPhillips (U.K.) Holdings Limited, ConocoPhillips (U.K.) Marketing and Trading Limited, ConocoPhillips ANS Marketing Company, ConocoPhillips Alaska II Inc., ConocoPhillips Alaska Inc., ConocoPhillips Angola 36 Ltd., ConocoPhillips Angola 37 Ltd., ConocoPhillips Asia Ventures Pte. Ltd., ConocoPhillips Australia Barossa Pty Ltd, ConocoPhillips Australia Gas Holdings Pty Ltd, ConocoPhillips Australia Holdings Pty Ltd, ConocoPhillips Australia Investments Pty Ltd, ConocoPhillips Australia Pacific LNG Pty Ltd, ConocoPhillips Australia Pty Ltd, ConocoPhillips Bohai Limited, ConocoPhillips Canada (BRC) Partnership, ConocoPhillips Canada (NS) 2426 ULC, ConocoPhillips Canada Marketing & Trading ULC, ConocoPhillips Canada NS Partnership, ConocoPhillips Canada Resources Corp., ConocoPhillips China Inc., ConocoPhillips Colombia Ventures Ltd., ConocoPhillips Company, ConocoPhillips Funding Ltd., ConocoPhillips Gulf of Paria B.V., ConocoPhillips Hamaca B.V., ConocoPhillips Indonesia Holding Ltd., ConocoPhillips JPDA Pty Ltd, ConocoPhillips Libya Waha Ltd., ConocoPhillips Marine Containment Holdings LLC, ConocoPhillips Norge, ConocoPhillips North Caspian Ltd., ConocoPhillips Norway Funding Ltd., ConocoPhillips Petroleum Holdings B.V., ConocoPhillips Pipeline Australia Pty Ltd, ConocoPhillips Qatar Funding Ltd., ConocoPhillips Qatar Ltd., ConocoPhillips Sabah Gas Holdings Limited, ConocoPhillips Sabah Gas Ltd., ConocoPhillips Sabah Holdings Limited, ConocoPhillips Sabah Ltd., ConocoPhillips Skandinavia AS, ConocoPhillips Surmont Partnership, ConocoPhillips Transportation Alaska Inc., ConocoPhillips WA-248 Pty Ltd, Darwin LNG Pty Ltd, Inexco Oil Company, Phillips Coal Company, Phillips International Investments Inc., Phillips Investment Company LLC, Phillips Petroleum International Corporation LLC, Phillips Petroleum International Investment Company LLC, Polar Tankers Inc., Sooner Insurance Company, The Louisiana Land and Exploration Company LLC, and Tosco Corporation.
Read More
This page (NYSE:COP) was last updated on 2/8/2024 by MarketBeat.com Staff

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