JPMorgan's Arun Jayaram just initiated coverage of ConocoPhillips COP with a Neutral rating and a price target of $126, down from the previous target of $139. The change reflects Jayaram's cautious outlook on oil fundamentals as a host of geopolitical and market uncertainties loom, but there's no denying ConocoPhillips' defensive prowess, as the company prepares for potential upside surprises.While oil prices face potential downside pressure — due to factors like the Israel-Iran conflict, the U.S. election, ...

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 ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

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 ...

ConocoPhillips (COP) closed the latest trading day at $105.28, indicating a +0.53% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. Heading into today, shares of the energy company had lost 7.97% over the past month, lagging the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06% in that time. Investors will be eagerly watching for the performance of ConocoPhillips in its upc ...

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 ...

ConocoPhillips' dividend will look even better in a low interest rate environment.On Sept. 18, the Federal Reserve lowered the target range for the federal funds rate by a half-percentage point, marking the first rate cut in more than four years.Lower interest rates can spur capital investment, lower the unemployment rate, and help accelerate economic growth. However, rate cuts have been followed by mixed results in the stock market -- with gains generally occurring when recessions are avoided.The ripple ef ...

Falling oil prices mean cheap oil stocks. But one of these stocks is cheaper than the others.Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down.As OilPrice.com reports, Brent crude oil prices fell 2.8% through 10:30 a.m. ET today, to about $71 per barrel, while U.S.-preferred West Texas Intermediate (WTI) crude prices dropped more than 3% to about $67.50. Falling in tandem were shares of oil majors ExxonMobil (XOM -1.93%) (down 1.6%), ConocoPh ...