Union Jack Oil PLC (AIM:UJO), the UK-based exploration and production company, is set to expand its operations into the United States through a strategic alliance with Reach Oil & Gas Inc. This partnership will primarily focus on numerous drilling and production ventures in Oklahoma, recognized as one of the top hydrocarbon-producing regions in the US, Encompassing exploration, drilling, development, and potential production, the collaboration is nearing completion with joint venture agreements. Chairman Da ...

In the latest market close, ConocoPhillips (COP) reached $107.99, with a -0.06% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq appreciated by 0.43%.Coming into today, shares of the energy company had lost 8.16% in the past month. In that same time, the Oils-Energy sector lost 5.56%, while the S&P 500 gained 2.08%.The investment community will be paying close attention to the earnings performa ...

LNG tanker ship. IgorSPbConocoPhillips (NYSE:COP) is due to release Q4 and full-year 2023 earnings on Feb. 8. Today, I'll give investors a preview of what to expect, take a look back on TTM returns, and discuss the company's prospects going forward. Meantime, I'm raising my rating on COP from a Hold to a Buy. This has more to do with the price drop in the stock since my last article (see ConocoPhillips In 'The Age Of Energy Abundance', a Seeking Alpha "Editor's Pick") rather than any big change in COP's o ...

The energy sector can be a hotbed of activity when geopolitical tensions surge. Energy stocks tend to become just as volatile as traders jump into action to protect profits or sieze opportunity. However, not all energy stocks perform equally well during the good times. While the best performers change yearly due to the sector’s volatility, some companies remain top contenders for maximizing returns over the long run.This article highlights three energy stocks that are buy-rated and positioned to deliver str ...

The United States has taken a substantial stride in confronting climate change with the Environmental Protection Agency (‘EPA’) proposing a fee on methane emissions originating from major oil and gas facilities. This strategic move aligns with the 2022 climate law, serving as a complementary measure to more extensive regulations on greenhouse gas emissions within the Oil/Energy sector. The target of the EPA's proposal is facilities reporting methane emissions exceeding 25,000 metric tons of carbon dioxide e ...

ConocoPhillips (COP) closed at $111 in the latest trading session, marking a -0.16% move from the prior day. This change lagged the S&P 500's daily loss of 0.07%.The energy company's shares have seen a decrease of 0.6% over the last month, not keeping up with the Oils-Energy sector's gain of 0.36% and the S&P 500's gain of 3.98%.Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 8, 2024 ...

Oil stocks? At a time when society is increasingly looking to clean and renewable energy sources to meet net-zero emission targets, the idea of investing in hydrocarbon-related enterprises seems risky, perhaps even foolish. Nevertheless, fossil fuels – despite their somewhat controversial reputation – deserve closer examination.Yes, many hydrocarbon players found themselves out of sorts last year. Even with production cuts initiated by major oil-producing nations, the needle didn’t move much. With the econo ...

It's looking like a kind of good news, bad news day for investors in oil stocks on Monday.On the good news side of the board, two big Wall Street banks -- Truist and Piper Sandler -- just raised their price targets on three of the nation's biggest oil companies: ExxonMobil (XOM -2.60%), Chevron (CVX -1.57%), and ConocoPhillips (COP -2.79%). At the same time, however, there's bad news on oil demand coming out of Saudi Arabia -- and that seems to be overwhelming the good news, driving down oil prices and oil ...

Jeremy Poland ConocoPhillips (NYSE:COP) is among the largest pure-play upstream oil companies in the world, with a market capitalization of more than $100 billion. The company recently made a final investment decision to invest in the Willow Project, a multi-billion dollar project, that'll eventually produce 600 million barrels of oil. As we'll see throughout this article, ConocoPhillips has strong growth prospects that make it a valuable investment. ConocoPhillips 3Q 2023 Highlights The company had a stron ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...