ConocoPhillips and its partners have submitted two plans for development and operation (PDOs) to Norway’s Ministry of Energy for the Albuskjell, Vest Ekofisk and Tommeliten Gamma fields in the Greater Ekofisk Area of the North Sea. The proposals outline a combined redevelopment of these previously produced fields, with recoverable gas and condensate resources estimated at 90–120 million barrels of oil equivalent. The project involves installing four subsea templates and drilling 11 wells, which will be ...

Core Viewpoint - ConocoPhillips and its partners are set to invest approximately $2.11 billion to restart production in the Greater Ekofisk area by the end of 2028, focusing on extracting hydrocarbons from previously shut fields [1] Investment Details - The investment will target three fields: Albuskjell, Vest Ekofisk, and Tommeliten Gamma, which were shut down in 2019 [1] - The project, named Previously Produced Fields (PPF), aims to recover an estimated 90 million to 120 million barrels of oil equivalent in natural gas and condensate from these fields [1] Stakeholder Information - ConocoPhillips holds a 35.1% stake in both Albuskjell and Vest Ekofisk, and a 28.3% stake in Tommeliten Gamma [1] - Other partners include Vaar Energi with a 52.3% stake in Albuskjell and Vest Ekofisk, Orlen Upstream with 7.6%, and state-owned Petoro with 5% [1] - In Tommeliten Gamma, Orlen holds a 62.6% stake while Vaar Energi has 9.1% [1] Production Timeline - The first gas production from the project is anticipated to commence in the final quarter of 2028 [1]

AMERICAS ENERGY Energy Portfolio Strategy: Amid the Energy Rally, Highlighting 10 Buys With Above Average Upside As we discussed in the Pulse last Friday, the repricing of Energy equities has been significant this year, with the XLE +23% vs the S&P +1%. The strength has been driven by positive GDP revisions, a broader tech rotation as well as positive oil momentum amid smaller than expected surpluses and geopolitical uncertainty. We continue to value equities using a $70 Brent and $3.75 Henry Hub mid-cycle ...

Chevron is up big in 2026 as part of a rip-roaring rally in energy stocks.In December, I said that Chevron (CVX +1.94%) stood out as a top high-yield dividend stock to buy before 2026 -- even better than what I consider to be the best U.S. energy exploration and production company, ConocoPhillips.Both stocks have done phenomenally well year to date, with Chevron up 18.7% and ConocoPhillips rising 15% compared to just a 1.3% gain in the S&P 500.With Chevron hovering around an all-time high, some investors ma ...

Investors with a lot of money to spend have taken a bearish stance on ConocoPhillips (NYSE:COP).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COP, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spott ...

Core Insights - ConocoPhillips (COP) shares have increased by 13.7% over the past six months, which is lower than the energy sector's average gain of 21% and significantly less than Exxon Mobil Corporation's 42.9% increase [1][9] Company Overview - ConocoPhillips is a key player in the exploration and production sector, with a strong asset base in major U.S. shale basins such as the Delaware Basin, Midland Basin, Eagle Ford, and Bakken shale [2] - The company has a durable and diverse portfolio that is expected to support production growth for decades, although it remains vulnerable to crude price volatility due to its upstream focus [2] Crude Price Vulnerability - In its latest earnings call, ConocoPhillips indicated that 2026 could be a challenging year for commodity prices, which are crucial for its earnings and cash flows [4] - The U.S. Energy Information Administration (EIA) forecasts that the price of West Texas Intermediate (WTI) crude will average $53.42 per barrel in 2026, down from $65.40 per barrel in 2025, which could negatively impact ConocoPhillips [5] Capital Expenditures and Financial Flexibility - ConocoPhillips has reduced capital spending compared to 2025 but still faces significant pre-productive capital expenditures for its Willow project, which is currently 50% complete and expected to start production in 2029 [10] - The ongoing capital commitments for the Willow project may limit the company's financial flexibility, especially in a low crude price environment [11] Market Valuation - The current valuation of ConocoPhillips suggests that the stock may be slightly overvalued, with a trailing 12-month enterprise value to EBITDA (EV/EBITDA) ratio of 5.85X, compared to the industry average of 5.77X [13]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on ConocoPhillips (COP), and highlights the potential misalignment of interests between brokerage analysts and retail investors [1][5]. Group 1: Brokerage Recommendations for ConocoPhillips - ConocoPhillips has an average brokerage recommendation (ABR) of 1.66, indicating a position between Strong Buy and Buy, based on recommendations from 28 brokerage firms [2]. - Out of the 28 recommendations, 17 are classified as Strong Buy, while 4 are classified as Buy, representing 60.7% and 14.3% of total recommendations respectively [2]. Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations for investment decisions may not be advisable, as studies suggest they often fail to guide investors towards stocks with significant price appreciation potential [5]. - Brokerage analysts tend to exhibit a strong positive bias in their ratings due to vested interests, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [6][11]. Group 3: Zacks Rank as an Alternative - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is considered an effective indicator of near-term stock price performance [8]. - The Zacks Rank is based on earnings estimate revisions, which have shown a strong correlation with stock price movements, unlike the ABR which may not be timely [12][13]. Group 4: Current Earnings Estimates for ConocoPhillips - The Zacks Consensus Estimate for ConocoPhillips has decreased by 14.9% over the past month to $4.55, indicating growing pessimism among analysts regarding the company's earnings prospects [14]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for ConocoPhillips, suggesting caution despite the Buy-equivalent ABR [15].

ConocoPhillips rallied as oil prices rose due to geopolitical turmoil in Venezuela and Iran.Shares of oil and gas major ConocoPhillips (COP +1.00%) rallied 11.3% in January, according to data from S&P Global Market Intelligence.Conoco didn't report fourth-quarter earnings until last week, on Feb. 5. Still, January was filled with news for the oil and gas industry generally, and for Conoco specifically, as two significant geopolitical events sent most oil and gas names higher. NYSE : COPConocoPhillipsToday's ...

Core Insights - ConocoPhillips' cautious stance on Venezuela's oil production reflects broader challenges in the energy sector, particularly due to OPEC's increased output and declining crude prices [1][2] Group 1: Venezuela's Oil Potential - Venezuela possesses the world's largest oil reserves, totaling 303 billion barrels, yet decades of instability and failed promises have made energy companies hesitant to invest [2] - Venezuela's peak oil production reached 3.75 million barrels per day, but projections indicate it will only reach about 800,000 barrels per day by 2025, a significant increase from a low of 350,000 barrels per day in 2020 [2] Group 2: ConocoPhillips' Position - ConocoPhillips CEO Ryan Lance emphasized a focus on recovering investments in Citgo rather than rapidly ramping up production in Venezuela, indicating a cautious approach [3] - The company is owed over $10 billion by Venezuela due to nationalization and asset seizures, following a 2019 International Arbitration Tribunal ruling [3][6] Group 3: Historical Context and Projects - ConocoPhillips' projects in Venezuela include Petrozuata, which had an investment of over $2.4 billion and an estimated production of 120,000 barrels per day, and Hamaca, with costs totaling $3.8 billion and an estimated production of 190,000 barrels per day [8] - The Corocoro project, discovered in 1999, is estimated to contain 500 million barrels of oil reserves, with ConocoPhillips holding a 32.5% interest [8]

ConocoPhillips (NYSE:COP) is one of the 12 Best Oil and Gas Stocks to Buy Right Now. On February 5, Roth Capital increased its price target on ConocoPhillips (NYSE:COP) from $105 to $112 and maintained a Buy rating following the company’s Q4 results. ConocoPhillips (NYSE:COP) issued unchanged 2026 capex guidance and stated that it continues to make progress on its $1 billion cost-cutting program. The company’s guidance for 2026 includes capital expenditures of around $12 billion and adjusted operating cos ...