Our ConocoPhillips (NYSE:COP | COP Price Prediction) call comes on the heels of a mixed Q1 2026 earnings report, where adjusted earnings beat but revenue missed amid softer realized prices.
Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 82nd on the Fortune 500 list of the largest United States corporations by total revenue.
JPMorgan warned that oil could top $150 a barrel if the Strait of Hormuz remains closed through mid-May. The global economy is currently burning through emergency stockpiles to offset the supply disruption, which it can't do indefinitely.
The Marketplace Morning Report segment titled “Chipping away at Nvidia's chip dominance” carried a market call that pulled focus from semiconductors to crude.
ConocoPhillips reported a first-quarter profit of $2.18 billion, or $1.78 a share, down from a year earlier, amid lower gas prices in Permian and lower volumes.