ConocoPhillips (NYSE: COP ) is a multinational hydrocarbon exploration and production company. Having operations in 15 countries and a strong assets portfolio, COP is poised to increase its operations with acquisitions like Marathon Oil. COP stock has not seen a significantI am a financial writer with a degree in Finance. In my five-year career, I have worked with two financial companies. I keep a close eye on Energy, Banking, and Tech stocks. My main focus is fundamental analysis and looking at the long-te ...

Group 1 - JPMorgan initiated coverage of ConocoPhillips with a Neutral rating and a price target of $126, down from $139, reflecting a cautious outlook on oil fundamentals due to geopolitical and market uncertainties [1] - ConocoPhillips is well-positioned with a strong balance sheet and low sustaining capital requirements, allowing it to capitalize on potential upside in oil prices [1][3] - The pending merger with Marathon Oil Corp is expected to increase ConocoPhillips' oil beta and enhance its growth capacity [1] Group 2 - ConocoPhillips plans to return $9 billion in cash to shareholders in 2024, with $5 billion allocated for buybacks, potentially increasing to $11 billion in 2025 post-merger [2] - In a cautious scenario, total cash returns to shareholders over the next two years are expected to be $9-10 billion, representing nearly half of the forecasted operating cash flow [2] Group 3 - The company's long-cycle investments, including the Willow and Port Arthur projects, are expected to generate strong free cash flow and production growth, with a forecasted annual production increase of 4% to 3.1 million barrels of oil equivalent per day by 2032 [3] - Cumulative free cash flow is projected to reach $99 billion by 2032, indicating solid long-term prospects despite near-term uncertainties [3] Group 4 - Despite a Neutral rating, ConocoPhillips is considered a core holding in the E&P sector due to its robust portfolio and shareholder-friendly cash return strategy [4] - The company is expected to offer attractive cash returns with yields of 7% in 2025-26, while remaining cautious amid potential oil price volatility [4]

Rising oil prices, driven by escalating geopolitical tensions in the Middle East, are fueling a renewed push in the upstream sector. The fear of significant disruptions to global oil supply, exacerbated by recent developments such as the Israeli strikes on Iranian-linked assets in Syria, intensified concerns over the stability of production in the region.This propelled crude oil prices upward, with further support coming from the production cuts implemented by the Organization of the Petroleum Exporting Cou ...

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ConocoPhillips COP shares closed higher on Tuesday. Shares of energy companies traded higher during the session as tensions in the Middle East heightened. Some investors may be eyeing potential gains from ConocoPhillips' dividends. As of now, the crude oil producer offers an annual dividend yield of 2.85%. That's a quarterly dividend of 78 cents per share ($3.12 a year). To figure out how to earn $500 monthly from ConocoPhillips, we start with the yearly target of $6,000 ($500 x 12 months). Next, we take th ...

Heightened tensions in the Middle East caused the market to fall, but oil and defense stocks to rise. Shares of oil and gas majors ExxonMobil (XOM 2.29%) and Conoco Phillips (COP 3.50%), as well as defense contractor Lockheed Martin (LMT 2.83%), rallied on Tuesday, up 2.8%, 4.2%, and 3.5%, respectively, as of 1:17 p.m. ET, even as the broader indices were down between 1% and 2% at that time. Fortunately for their shareholders, but unfortunately for other sectors and the world, these critical companies saw t ...

The three largest U.S. oil companies — Exxon Mobil Corporation (XOM) , Chevron Corporation (CVX) and ConocoPhillips (COP) — revealed that they collectively paid more than $42 billion to foreign governments in 2023, about eight times the amount paid in the United States, per a Reuters report. These revelations are a direct result of a new Securities and Exchange Commission (“SEC”) regulation that required transparency in payments made to foreign governments for the first time. Currently, these stocks carry a ...

Company Performance - ConocoPhillips (COP) closed at $105.28, reflecting a +0.53% change from the previous session, outperforming the S&P 500's daily gain of 0.42% [1] - Over the past month, shares of ConocoPhillips have decreased by 7.97%, underperforming the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06% [1] - The upcoming earnings report is scheduled for October 31, 2024, with an expected EPS of $2.01, indicating a 6.94% decline year-over-year, while revenue is forecasted at $15.13 billion, representing a 1.79% growth [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $8.12 per share and revenue of $59.43 billion, reflecting changes of -7.41% and +1.47% from the prior year, respectively [2] - Recent adjustments to analyst estimates for ConocoPhillips may indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation Metrics - ConocoPhillips has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate moving 4.46% lower over the last 30 days [3] - The company is currently trading at a Forward P/E ratio of 12.89, which is below the industry average Forward P/E of 15.93 [3] - The PEG ratio for ConocoPhillips stands at 0.82, significantly lower than the industry average PEG ratio of 2.14 [3] Industry Overview - The Oil and Gas - Integrated - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 183, placing it in the bottom 28% of over 250 industries [4] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

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].