RBC Capital Lifts ConocoPhillips (COP) Price Target Buoyed by Underlying Growth

Core Viewpoint - ConocoPhillips is highlighted as a highly profitable energy stock, with analysts at RBC Capital maintaining an 'Outperform' rating and increasing the price target to $118 from $113 [1][2]. Financial Performance - RBC Capital anticipates that ConocoPhillips will exceed its earnings guidance, projecting earnings per share (EPS) between $1.35 and $1.40, alongside a cash flow of $5.2 billion [2]. - The company is expected to provide its 2026 guidance early next year, with expectations of organic growth between 1% to 2% [2]. - Capital expenditure is projected to average $12 billion, with $8.5 billion allocated for shareholder returns [2]. Company Overview - ConocoPhillips is a global exploration and production company engaged in the discovery, development, and production of oil and natural gas [3]. - The company's operations encompass exploring for new resources, maximizing production, and responsibly developing energy sources globally [3]. - ConocoPhillips produces and markets crude oil, natural gas, natural gas liquids, and liquefied natural gas [3].