ConocoPhillips (COP) Plans $1 Billion Cost Cuts in 2026

ConocoPhillips (NYSE:COP) is one of the 12 Best Oil and Gas Stocks to Buy Right Now. On February 5, Roth Capital increased its price target on ConocoPhillips (NYSE:COP) from $105 to $112 and maintained a Buy rating following the company’s Q4 results. ConocoPhillips (NYSE:COP) issued unchanged 2026 capex guidance and stated that it continues to make progress on its $1 billion cost-cutting program. The company’s guidance for 2026 includes capital expenditures of around $12 billion and adjusted operating cos ...