ConocoPhillips (COP)
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Why is COP moving?
BullishJul 17BP (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 the full story →ConocoPhillips (COP) overview
ConocoPhillips is one of the largest independent oil and gas exploration-and-production companies. It is a member of the S&P 500 and is classified in the Energy sector — oil, gas and energy-equipment companies sensitive to commodity prices.
ConocoPhillips trades on the NYSE under the ticker symbol COP. As of the most recent market data, the stock was priced around $114.71, up 1.66% on the session, giving ConocoPhillips a market capitalization of roughly $139.75B.
Over the past 52 weeks, COP has traded between $85.57 and $135.87. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 19.4, a common gauge of how richly the market prices the company's earnings. ConocoPhillips also pays a dividend, currently yielding around 2.93%.
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Why investors watch COP
As one of the larger companies in the Energy sector, ConocoPhillips is closely followed by investors and often moves with broader trends across oil, gas and energy-equipment companies sensitive to commodity prices. Traders watch COP for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Because the S&P 500 is weighted by market value, ConocoPhillips's size means its share-price moves can also nudge the index as a whole, making COP a stock that even index investors pay attention to.
Market Mood
Latest COP news
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
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 IncreasesMore Energy stocks
Frequently asked questions
Is ConocoPhillips in the S&P 500?
Yes. ConocoPhillips (COP) is a member of the S&P 500 index, classified in the Energy sector.
What sector is COP in?
ConocoPhillips is classified in the Energy sector of the S&P 500 — oil, gas and energy-equipment companies sensitive to commodity prices.
Where can I find the latest COP news?
This page collects recent ConocoPhillips (COP) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is ConocoPhillips's stock price?
As of the most recent market data, ConocoPhillips (COP) traded at approximately $114.71. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is ConocoPhillips's market cap?
ConocoPhillips has a market capitalization of roughly $139.75B, based on its most recent share price and shares outstanding.
What is COP's P/E ratio?
COP trades at a trailing price-to-earnings ratio of about 19.4. The P/E ratio compares a company's share price to its earnings per share.