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ConocoPhillips (COP) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-03-14 22:56
The latest trading session saw ConocoPhillips (COP) ending at $119.78, denoting a +1.9% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.3%.Coming into today, shares of the energy company had gained 6.75% in the past month. In that same time, the Oils-Energy sector gained 6.58%, while the S&P 500 gained 4.42%.Investors will be eagerly watching for the p ...
ConocoPhillips (COP) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-03-08 23:50
The latest trading session saw ConocoPhillips (COP) ending at $113, denoting a +0.23% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.65%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq decreased by 1.16%.Shares of the energy company have depreciated by 1.02% over the course of the past month, underperforming the Oils-Energy sector's gain of 4.75% and the S&P 500's gain of 3.4%.The upcoming earnings release of ConocoPhillips wi ...
Watch These 3 Energy Stocks With Fortress Balance Sheet
Zacks Investment Research· 2024-03-08 14:00
The initial pandemic period, when there were no vaccines, saw an environment of heightened uncertainties. The price of crude oil plunged to a negative $36.98 per barrel on Apr 20, 2020. However, with the rapid developments of vaccines, which led to the gradual opening of the economies, the pricing scenario of West Texas Intermediate crude improved drastically over time to reach $123.64 per barrel on Mar 8, 2022. Oil price data are per the U.S. Energy Information Administration, and currently, the WTI oil pr ...
Here's Why Hold Strategy is Apt for ConocoPhillips (COP) Now
Zacks Investment Research· 2024-03-08 13:50
ConocoPhillips (COP) , a leading upstream energy firm in the world in terms of production and reserves, is well-positioned to capitalize on handsome crude prices.  Currently, the firm carries a Zacks Rank #3 (Hold).Factors Working in FavorWest Texas Intermediate crude price, approaching $79 per barrel, is highly favorable for upstream activities.ConocoPhillips has secured a solid production outlook thanks to its decades of drilling inventories across its low-cost and diversified upstream asset base. The res ...
AM Best Affirms Credit Ratings of Sooner Insurance Company
Businesswire· 2024-03-07 15:51
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner’s balance sheet stre ...
AM Best Assigns Credit Ratings to Rodeo Insurance Company
Businesswire· 2024-03-07 14:31
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Rodeo Insurance Company (Rodeo) (Houston, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Rodeo’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). Rodeo’s balance sheet streng ...
7 Stalwart Stocks to Buy and Hold Through Any Storm
InvestorPlace· 2024-02-27 22:18
Fundamentally, the bullish case for acquiring stalwart stocks is a simple one. It’s effectively Wall Street’s version of befriending the biggest, meanest schoolyard bully.We’ve all been in this situation before. As kids, we typically grow at a similar rate to our classmates. However, some kids are built differently, like they’re destined to play middle linebacker for the Dallas Cowboys. You don’t mess with these giants. In turn, by being their friend, people tend to not mess with you either.Now, it doesn’t ...
ConocoPhillips: Premium Asset Base And Fortress Balance Sheet
Seeking Alpha· 2024-02-27 05:52
Cavan Images/Cavan via Getty Images Company Overview ConocoPhillips (NYSE:COP) is an independent E&P company headquartered in Houston, TX exploiting hydrocarbon resources including crude oil, bitumen, NGL and natural gas with significant positions in the continental US, Alaska, the North Sea and South East Asia. 2023 average production stood at ~1.8Mboed with a roughly 51% oil and 67% liquids share (excluding affiliates 58% and 75%) making it the largest independent E&P company in the US. The company, w ...
ConocoPhillips (COP) Is Considered a Good Investment by Brokers: Is That True?
Zacks Investment Research· 2024-02-22 15:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about ConocoPhillips (COP) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.ConocoPhillips currently has an avera ...
ConocoPhillips(COP) - 2023 Q4 - Annual Report
2024-02-14 16:00
2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number: 001-32395 ConocoPhillips (Exact name of registrant as specified in its charter) Delaware 01-0562944 ...