ConocoPhillips (COP)
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Price chart
Why is COP moving today?
+3.4%COP is +3.4% today, a large move, and no story about it reached the feed in the last 24 hours. Large moves without a headline are common: index flows, options positioning, a peer's report or a sector rotation can all do it. We do not invent a reason.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 3 hours ago
ConocoPhillips (COP) overview
ConocoPhillips is one of the largest independent oil and gas exploration-and-production companies.
COP is a member of the S&P 500. It sits in the Energy sector. That sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
ConocoPhillips trades on the NYSE under the ticker symbol COP. The most recent market data puts the share price at about $146.51. That is up 3.37% on the session. At that price the company is worth roughly $176.01B.
Over the past 52 weeks, COP has traded between $85.57 and $146.58. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 19.4. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. COP also pays a dividend. It yields around 2.37% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 3 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch COP
COP is one of the larger names in the Energy sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each COP story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. COP is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves COP
- Earnings. COP reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from COP.
- Sector news. Energy stocks often move together, so a rival's news can move COP too.
- Index weight. COP is big enough to move the S&P 500 on its own.
Market Mood
Latest COP news
ConocoPhillips (COP) Energy Stock Attractive Amid 11% ETF Rise
For the month ending July 27, the largest energy ETF increased nearly 11%, while the S&P 500 rose less than 1%. This trend indicates a renewed interest in energy stocks, particularly linked to geopolitical tensions in Iran. ConocoPhillips (COP) and DT Midstream (DTM) are highlighted as potential buys before August. The current market favor for energy stocks suggests that ordinary investors may find opportunities in this sector due to its correlation with geopolitical events.
Read More: ConocoPhillips (COP) Energy Stock Attractive Amid 11% ETF Rise
BP (BP) and ConocoPhillips Plan Investments of Billions in Iraq
BP (BP) and ConocoPhillips are expected to announce billions of dollars in new investments in Iraq during the U.S.-Iraq Business Summit. The plans aim to bolster Iraq's energy sector and reduce reliance on routes affected by Iranian disruptions. More than $60 billion in agreements are anticipated between U.S. companies and the Iraqi government, with individual commitments from BP and ConocoPhillips potentially reaching tens of billions. These investments are crucial for expanding Iraq's oil production and diversifying export routes, impacting energy markets amid U.S.-Iran tensions.
Read More: BP (BP) and ConocoPhillips Plan Investments of Billions in Iraq
Diamondback Energy (FANG) Shares Up 36% Amidst $96 Oil Prices
Diamondback Energy, Inc. (FANG) shares have increased by 36% over the past year and 30% year-to-date. Jim Cramer has recommended FANG for growth-seeking investors, particularly in the context of current oil prices reaching $96. The market is monitoring the oil supply situation, especially in relation to geopolitical events such as the Iran war. Cramer's commentary highlights the competitive landscape, suggesting FANG as a solid option alongside ConocoPhillips amid changing supply dynamics.
Read More: Diamondback Energy (FANG) Shares Up 36% Amidst $96 Oil Prices
ConocoPhillips (COP) Reports Venezuela Oil Law Changes Insufficient
ConocoPhillips (COP) stated that recent changes to Venezuela's oil laws are insufficient to attract the necessary investment for the sector. The company indicated that more substantial reforms are needed to instill confidence among investors and improve operational stability. Investment levels in Venezuelan oil have been declining due to various factors, including political instability and economic sanctions. As a result, the current legal framework may limit potential market growth and future profitability for companies operating in the region.
Read More: ConocoPhillips (COP) Reports Venezuela Oil Law Changes Insufficient
ConocoPhillips (COP) SWOT Analysis: Cash Flow Mixed Views Impact
ConocoPhillips (COP) faces mixed perspectives regarding its cash flow situation. Recent evaluations indicate variability in projected earnings correlated with fluctuating oil prices. Cash flow stability plays a crucial role in assessing the operational efficiency and overall valuation of ConocoPhillips. As oil markets evolve, this analysis could influence investor sentiment and trading volumes for COP shares in the near term.
Read More: ConocoPhillips (COP) SWOT Analysis: Cash Flow Mixed Views Impact
ConocoPhillips (COP) Stock Surges 16.3% Amid Oil Price Increases
ConocoPhillips (COP) shares increased by 16.3% in March, outperforming the S&P 500, which fell by 5%. The surge was driven by significant rises in crude oil prices, with Brent crude up 43% to approximately $104 per barrel and WTI up 51%. Both benchmarks had their largest monthly gains since 2020 and saw over 70% growth in Q1, the highest quarterly gain for Brent since 1990. However, ongoing military tensions in Iran are impacting oil exports and may delay future LNG projects with QatarEnergy, affecting potential cash flow increases.
Read More: ConocoPhillips (COP) Stock Surges 16.3% Amid Oil Price Increases
Venezuela Plans Full Oil Industry Privatization; $150B Investment Needed
María Corina Machado, Venezuela's opposition leader, has proposed total privatization of the country's oil sector, aiming to attract $150 billion in investments over the next decade. Current production stands at approximately 1 million barrels per day (bpd), though the country has the potential to exceed 5 million bpd with significant investment. Machado criticized state-owned Petróleos de Venezuela (PDVSA), stating it has become a 'criminal organization.' She indicated that establishing conditions for free elections may take at least nine months. The proposal is crucial as U.S. companies like ConocoPhillips and Exxon Mobil remain skeptical of investing under current political conditions since their assets were seized in 2007.
Read More: Venezuela Plans Full Oil Industry Privatization; $150B Investment Needed
ConocoPhillips Executive Olds Sells $888,650 in Company Shares
ConocoPhillips executive Olds sold shares valued at $888,650. This sale is significant as it reflects insider trading activity within the company, which could impact investor sentiment. The transaction may be viewed as a signal regarding the executive's confidence in the company's future performance. Monitoring such insider sales can provide insights into potential stock price movements.
Read More: ConocoPhillips Executive Olds Sells $888,650 in Company Shares
ConocoPhillips Files Form 144 on March 23, 2023 for Securities Sale
ConocoPhillips submitted a Form 144 indicating its intention to sell shares on March 23, 2023. The filing is typically used to notify the SEC about the sale of restricted or control securities. This action may impact the stock's trading volume and investor sentiment. Details regarding the number of shares or sale price are not provided in this filing.
Read More: ConocoPhillips Files Form 144 on March 23, 2023 for Securities SaleMore Energy stocks
Frequently asked questions
Is ConocoPhillips in the S&P 500?
Yes. ConocoPhillips trades as COP and is a member of the S&P 500. The index lists it in the Energy sector.
What sector is COP in?
COP sits in the Energy sector of the S&P 500.
Where can I find the latest COP news?
Right here. This page collects recent COP news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is ConocoPhillips's stock price?
COP last traded at about $146.51. Prices move all through the session, so this is the latest quote rather than a live one.
What is ConocoPhillips's market cap?
COP is worth roughly $176.01B. Market cap is the share price times the number of shares outstanding.
What is COP's P/E ratio?
COP trades at a trailing P/E ratio of about 19.4. The ratio compares the share price with earnings per share over the past year.