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 ...

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 2, 2024, at 12:00 p.m. Eastern time to discuss first-quarter 2024 financial and operating results. The company’s financial and operating results will be released before the market opens on May 2.To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minu ...

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 2, 2024, at 12:00 p.m. Eastern time to discuss first-quarter 2024 financial and operating results. The company’s financial and operating results will be released before the market opens on May 2. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 min ...

The current high oil price, stemming from the International Energy Agency's upward adjustment of its oil demand forecasts for this year and an unexpected decline in U.S. inventories, is prompting increased exploration and production activities. Consequently, companies in the upstream sector are expected to expand their operations in profitable shale resources, resulting in a rise in the number of drilling rigs. This uptick in drilling activity is forecast to enhance production, offering benefits for busines ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...