The global energy industry presents incredibly wide opportunities. Companies in this sector often work in producing and distributing various types of energy, including fossil fuels and renewable energy. More specifically, they encompass a broad range of sources such as crude oil, natural gas, solar, wind and nuclear power, each with varying growth drivers and catalysts. Energy stocks often experience significant fluctuations in value, similar to the volatility seen in the tech sector. It’s a sector that exp ...

imaginimaConocoPhillips's (NYSE:COP) shares have soared year-to-date, largely because the U.S. economy is expanding rapidly and OPEC+ members last month agreed to a new round of voluntary supply limitations that boosted petroleum prices to the $80+ per barrel price range. With improved operating conditions, production-focused energy companies like ConocoPhillips also have higher investment appeal for investors and are likely to boost their capital returns. I believe ConocoPhillips is headed for a very s ...

Prices for crude oil have risen to their highest level in five months amid growing concerns of tighter supplies fueled by OPEC+ production cuts and turmoil in the Middle East. The price of Brent crude oil, the international standard, is currently at $90.19 per barrel, having risen more than 5% since the start of April. West Texas Intermediate (WTI) crude oil is trading at $86.14 a barrel, and back above the $85 mark for the first time since last fall. Both crude oil benchmarks posted a third consecutive mon ...

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Energy was the top performing sector in March and the run is far from over. From an allocation perspective, energy stocks are under-owned and could gain further ground as flows to the sector increase.There are several reasons to own energy stocks. First, demand has surprised to the upside, surpassing consensus expectations. Even the U.S. Energy Information Administration (EIA) expects global oil demand to increase by 1.4 million barrels per day in 2024 and 2025.Secondly, geopolitical tensions have flared up ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this COP commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Oil and gas stock ConocoPhillips (NYSE:COP) just broke out above its October highs, putting it at a fresh 52-week peak. This high also comes amid low volatility, per its Schaeffer’s Volatility Index (SVI) ...

ConocoPhillips is a balanced exploration and production company with plenty of upside potential.There are many different ways of approaching an investment in oil and gas. But one of the simplest is to target a company in the upstream oil and gas sector, whether that's an exploration and production (E&P) company, oil-field services and equipment provider, or integrated major.At a market cap just shy of $150 billion, ConocoPhillips (COP 0.09%) is the most valuable U.S.-based independent E&P. It's worth more t ...

In the latest market close, ConocoPhillips (COP) reached $130.67, with a +1.55% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.72%. Elsewhere, the Dow saw a downswing of 1%, while the tech-heavy Nasdaq depreciated by 0.95%.Heading into today, shares of the energy company had gained 15.26% over the past month, outpacing the Oils-Energy sector's gain of 6.92% and the S&P 500's gain of 2.16% in that time.Investors will be eagerly watching for the p ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? ConocoPhillips (COP) , which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider.This energy company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.63%.For the last reported quarter ...

Last month, the energy sector saw notable gains thanks to escalating geopolitical tensions in the Middle East and Russia. Among the beneficiaries is Occidental Petroleum (NYSE: OXY), a favorite stock of renowned investor Warren Buffett, which is poised for a significant increase in value as it nears a Golden Cross formation.Recent strong performance on price charts, coupled with Buffett’s renewed investments and further acquisitions, all point towards a promising outlook for OXY stock and its potential futu ...