Very true - COP will make a pile of money. But will you make any money investing in COP at $60/sh? You'll collect a good dividend but me thinks limited potential for price growth due to stable to falling outlook for crude and NG prices.
Thought we were speaking of the future for COP, not the past for PSX. "looking at the 2-yr chart" - and it says a very large portion of that gain is from PSX after the spinoff from COP. That future growth potential is no longer available to current COP investors as it resides with a different company that COP hasn't owned for almost a year. I still believe that COP is a proxy for oil and gas prices, and its future gain/loss will largely track any increase/decrease in oil and gas prices. Hope this helps!