ConocoPhillips Stock News

Exploration and production company ConocoPhillips (NYSE:COP, ETR:YCP) tightened its third-quarter production guidance in today's second-quarter earnings print. The Houston-based group now forecasts between 1.87 and 1.91 million barrels of oil equivalent per day (MMBOED), with full-year production of around 1.93 to 1.94 MMBOED, adjusted from prior guidance of 1.91 to 1.95 MMBOED.

Shares of ConocoPhillips COP gained 0.9% in premarket trading Thursday, after the oil giant reported second-quarter profit that beat expectations and said it reached record production. Net earnings rose to $2.33 billion, or $1.98 a share, from $2.23 billion, or $1.84 a share, in the same period a year ago.

U.S. oil and gas producer ConocoPhillips posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices.

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported second-quarter 2024 earnings and adjusted earnings of $2.3 billion, or $1.98 per share.

ConocoPhillips (NYSE: COP), a pure-play oil and natural gas producer, is scheduled to announce its fiscal second-quarter results on Thursday, August 1. We expect ConocoPhillips stock to trade higher post Q2 with both revenue and earnings beating market expectations marginally.

The upcoming presidential election has given a boost to oil and gas stocks. As one of the most important sectors of the economy, each government makes policies on oil and gas.

ConocoPhillips stock is down ~18% from its recent high, and over the past year has significantly underperformed both the S&P 500 and the broad energy sector. However, the company's dividend income combined with its potential for continued capital appreciation is relatively attractive for energy investors. Today, I will review the company's big-picture investment thesis, give an update on recent...

Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm.