Over the past three months, ConocoPhillips (COP) has experienced a 12.6% fall, underperforming the industry’s 3.9% decline.Recent investor concerns primarily stem from the premium ConocoPhillips is set to pay for acquiring Marathon Oil Corporation (MRO) and the expected increase in debt due to this transaction. Image Source: Zacks Investment ResearchMRO Deal Seems Expensive at First Glance: Cause for Concern?On May 29, ConocoPhillips finalized an agreement to acquire Marathon Oil in an all-stock deal valued ...

The market has recorded an impressive rally over the past year, consistently reaching new record highs week after week. Nevertheless, not all sectors have shared in this success. The energy sector, in particular, has lagged recently. When a sector underperforms relative to the overall market, it often presents attractive opportunities for investors. This is because high-quality companies within the underperforming sector often get sold off along with the rest of their peers, even though their underlying fin ...

In the latest market close, ConocoPhillips (COP) reached $114.38, with a +0.36% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.41% for the day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 0.71%.Prior to today's trading, shares of the energy company had gained 0.34% over the past month. This has outpaced the Oils-Energy sector's loss of 1.17% and lagged the S&P 500's gain of 3.53% in that time.The investment community will be closely mo ...

In the latest trading session, ConocoPhillips (COP) closed at $113.61, marking a -1.2% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.49%.Coming into today, shares of the energy company had lost 3.34% in the past month. In that same time, the Oils-Energy sector lost 0.71%, while the S&P 500 gained 3.22%.The investment community will be closely monitoring the performance of Con ...

Many companies are taking risks in the current market and being rewarded for them. Whether striking unconventional partnerships, acquiring a competitor, or breaking up their business, many companies are surprising analysts and investors with bold moves aimed at revitalizing their business and securing their future.For investors, opportunities for stocks to buy can be found in companies that are taking risks and forging their own path. Markets regularly gyrate on surprise news about a company and the offbeat ...

In the latest market close, ConocoPhillips (COP) reached $110.89, with a -1.16% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 0.34%.Prior to today's trading, shares of the energy company had lost 7.05% over the past month. This has lagged the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time.Analysts and investors alike will be keeping a close eye on ...

ConocoPhillips (COP) closed the most recent trading day at $112, moving -0.18% from the previous trading session. This change lagged the S&P 500's daily loss of 0.11%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.23%.Coming into today, shares of the energy company had lost 9.07% in the past month. In that same time, the Oils-Energy sector lost 2.95%, while the S&P 500 gained 3.51%.The upcoming earnings release of ConocoPhillips will be of great interest to investors. The company's ...

Investors aiming for diversification can capitalize on the energy sector’s potential by adding oil stocks to their portfolios. In early June, the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025. Despite the OPEC+ cuts and heightened Middle East tensions, global oil prices have declined nearly 10% since hitting a five-month high in early April. This was driven by record U.S. oil output and ...

In recent years, the Oil/Energy space has seen a remarkable wave of mergers and acquisitions driven by major players like ExxonMobil (XOM) , Chevron (CVX) , and ConocoPhillips (COP) . These deals are reshaping the industry landscape, with companies aiming to enhance their portfolios and gain competitive advantages amid market volatility and a shifting energy landscape.Key DealsThe consolidation trend gained significant momentum with several high-profile deals. In October, ExxonMobil announced its $60 billio ...

The price of West Texas Intermediate (WTI) crude oil is approaching the $80 per barrel mark and is likely to remain strong this year. The U.S. Energy Information Administration (“EIA”) projects WTI oil to average $83.05 per barrel in 2024, a notable increase from last year's $77.58. Contributing to the strength of commodity prices are voluntary production cuts from the OPEC+ group and ongoing geopolitical tensions.  While crude prices remain favorable, the likelihood of the commodity reaching $100 per barre ...