ConocoPhillips (COP) closed the latest trading day at $105.28, indicating a +0.53% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. Heading into today, shares of the energy company had lost 7.97% over the past month, lagging the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06% in that time. Investors will be eagerly watching for the performance of ConocoPhillips in its upc ...

ConocoPhillips (COP) , the U.S. oil giant, has achieved a significant legal victory in its long-standing battle to recover compensation from Venezuela's state-owned oil company, PDVSA. Per a Reuters report, on Sept. 27, a Trinidad court approved COP's request to seize payments related to a proposed offshore gas project between Venezuela and Trinidad. This move ensued as PDVSA stopped making payments related to a $700 million settlement deal signed in late 2019. COP Pursues $1.33 Billion Claim in Trinidad Co ...

Core Viewpoint - The recent Federal Reserve interest rate cut is expected to benefit the energy sector, particularly exploration and production companies like ConocoPhillips, making its dividend stock an attractive buy now [1]. Group 1: ConocoPhillips' Strategic Moves - ConocoPhillips has engaged in significant mergers and acquisitions, including a deal to acquire Marathon Oil, which is expected to close in Q4 2023 [2]. - The company anticipates that the merger will generate substantial free cash flow, enabling it to accelerate growth, increase dividends, and repurchase stock [2]. - In 2024, ConocoPhillips plans to distribute at least $9 billion to shareholders through buybacks and dividends [2]. Group 2: Financial Projections and Impact of Oil Prices - ConocoPhillips estimates a cash flow change of $120 million to $130 million for every $1 change in the price of West Texas Intermediate (WTI) crude oil, with significant cash flow implications between $70 and $80 per barrel [3]. - The company is targeting full-year capital expenditures of $11.5 billion and operating costs between $9.2 billion and $9.3 billion for 2024 [3]. Group 3: Financial Health and Debt Management - ConocoPhillips maintains a lean balance sheet with a 27% debt-to-capital ratio and a 0.14 debt-to-equity ratio, both near 10-year lows, indicating low leverage and reduced dependency on debt [4]. - The lower interest rates allow ConocoPhillips to refinance or take on new debt at more favorable rates, enhancing its financial flexibility [4]. Group 4: Dividend Strategy - ConocoPhillips is restructuring its dividend program to provide a more predictable payout, now offering a quarterly payment of $0.78 per share, resulting in an annualized yield of approximately 2.8% [5]. - This yield is more than double that of the S&P 500, making it an attractive option in the current low-interest-rate environment [6]. Group 5: Long-term Viability - ConocoPhillips is positioned to withstand economic fluctuations due to its balanced business model, making it a preferable choice in the cyclical oil and gas industry [7]. - The company has established clear expectations for investors, reinforcing its status as a top-tier exploration and production company to consider for investment [7].

Falling oil prices mean cheap oil stocks. But one of these stocks is cheaper than the others.Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down.As OilPrice.com reports, Brent crude oil prices fell 2.8% through 10:30 a.m. ET today, to about $71 per barrel, while U.S.-preferred West Texas Intermediate (WTI) crude prices dropped more than 3% to about $67.50. Falling in tandem were shares of oil majors ExxonMobil (XOM -1.93%) (down 1.6%), ConocoPh ...

Patient investors may want to take a closer look at these five out-of-favor turnaround plays.Occidental Petroleum (OXY -0.75%), ConocoPhillips (COP -0.61%), United Parcel Service (UPS -2.67%), Toyota Motor (TM 0.33%), and Estee Lauder (EL -2.78%) are all down big from their all-time highs.Here's why all have sold off and why each dividend stock is a great value now despite challenges. Two beaten-down oil stocks to buy nowExploration and production (E&P) company Occidental Petroleum, commonly known as Oxy, i ...

ConocoPhillips (COP) , a Houston-based oil and gas exploration and production company, has signed a long-term supply agreement with a German energy firm, Uniper. Per the terms of the agreement, ConocoPhillips will supply up to 10 billion cubic meters of natural gas to Uniper in north-western Europe over the coming 10 years.A ConocoPhillips representative has mentioned that the deal is not for the supply of liquefied natural gas (LNG). Instead, it involves supplying natural gas via pipelines. In the case of ...

ConocoPhillips (COP) closed at $110.55 in the latest trading session, marking a +1.78% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.7%. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%.The energy company's shares have seen a decrease of 0.91% over the last month, surpassing the Oils-Energy sector's loss of 2.52% and falling behind the S&P 500's gain of 1.27%.The upcoming earnings release of ConocoPhilli ...

ConocoPhillips (NYSE: COP ) is a well-run energy enterprise with considerable earnings power and free cash flow upside in the context of the company's recent acquisition of Marathon Oil. The energy company is focused on upstream operations and is seeingAnalyst’s Disclosure: I/we have a beneficial long position in the shares of COP, XOM, CVX 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 (oth ...

ConocoPhillips (COP) closed at $103.50 in the latest trading session, marking a +0.58% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.65%.The energy company's stock has dropped by 7.49% in the past month, falling short of the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86%.Analysts and investors alike will be keeping a close eye on the performance of ConocoPhillips i ...

The jury is out as to whether September is truly a seasonally bearish period for stocks. Regardless of how you view this month, we've outlined some historical outperformers to monitor this month, such as cybersecurity stock Palo Alto Networks (PANW). If past is precedent, ConocoPhillips (NYSE:COP) is another name bulls -- or anyone looking to profit off a short-term move higher -- should watch this month, given its September history. Per a study from Schaeffer's Senior Quantitative Analyst Rocky White, COP ...