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ConocoPhillips (COP)

NYSE - Nasdaq Real Time Price. Currency in USD
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45.895-0.77 (-1.66%)
As of 11:27AM EDT. Market open.
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  • Would love to see COP hit 50
  • FireWallDown; What is your opinion on shareholders voting 68% against executive pay increase? Do you think management understands shareholders are not happy with stock performance and dividend cut? Thank you for your opinion.
  • $50 Oil and ABOVE -COP is a "BUY"!----ConocoPhillips' plan is the cash flow it can produce from its current portfolio at $50 Brent oil, which it set as the break-even level. After adjusting for its two most recent asset sales, the company anticipates that it can generate about $6.2 billion in operating cash flow this year at that oil price. ConocoPhillips' first priority for that capital is investing what's necessary to keep production flat -- currently less than $5 billion per year -- and paying a sustainable dividend, which has a run rate of about $1.3 billion per year. Any excess cash generated would then go toward its next priorities in the following order: annual dividend growth, reducing debt, repurchasing shares, and investing in high-return projects that deliver modest production growth.
  • Let's see. The market is approaching record highs. Oil is above $ 51. Analysts rate COP - 6 "strong buy", 11 "buy", 7 "hold". COP is still at multi-year lows and trending lower. I have waited too long to dump this dog. I believe it will eventually rise, but it will not be fully valued until the CEO and Board of Directors is replaced.
  • Two Dozen Analysts give input on COP--As of May 12, 2017, 24 analysts are providing recommendations for ConocoPhillips (COP). These recommendations include six “strong buy” ratings, 11 “buy” ratings, and seven “hold” ratings. There are no “sell” or “strong sell” recommendations for the stock.
  • From EARNINGS CALL_ 5/2/17-->>>Year-over-year, adjusted earnings improved nearly $1.2 billion. The biggest driver was a 58% improvement in realized prices, but we also benefited from the actions we've been taking to improve our cost structure.

    Sequentially, adjusted earnings improved about $300 million. The benefit came primarily from improved realizations and lower cost. One way to think about this quarter is that with $54 Brent on an adjusted basis, we were very close to being profitable. A year or so ago, we would have needed oil prices in the mid-$60s. That's how much improvement we've made, and those improvements also drive cash flow.
  • COP GOOD NEWS!- Consistent with our cash allocation priorities, we grew the dividend 6%, we paid off $800 million of debt, and we repurchased 2.2 million shares. In total, we've announced over $16 billion of dispositions, along with our intent to use a significant portion of the cash proceeds for debt reduction and share buybacks. These strategic actions mean we've not only accelerated the 3-year plan we laid out in November into less than 1 year, but greatly exceeded it. We are on track to close the Canada transaction this quarter and the San Juan Basin transaction in the third quarter, so we are making rapid progress on our transformation.
  • I hope Saudis and Russia can push through an oil production cut until 2018. some folks are saying this could put oil in $60 to $70 range. I think a dividend increase is the key to the stock price breaking out much higher. Good luck folks.
  • COP_Quarterly Div. ANNOUNCED!: ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 26.5 cents per share, payable June 1, 2017, to stockholders of record at the close of business on May 15, 2017.

    --- # # # ---

    About ConocoPhillips

    ConocoPhillips is the world's largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $88 billion of total assets, and approximately 13,100 employees as of March 31, 2017. Production excluding Libya averaged 1,584 MBOED for the three months ended March 31, 2017, and proved reserves were 6.4 billion BOE as of Dec. 31, 2016.
  • not worth more then $37.00 be a long. way overvalued here for a company that without a sale was still losing money.
  • Some recent articles indicate companies are not being rewarded for buybacks but are rewarded for dividends. I wonder if COP will push for dividends instead of buybacks. They stated that they are planning a $6 billion share buyback. I hope they are not misreading the market. Good luck folks.
  • COP Performance:--Wells Fargo's Roger Read doesn't understand what the fuss is all about:

    Given over $16 billion of asset sales announced in March and April, Q1 2017 earnings feel anticlimactic, thus we do not expect much follow through post release. The EPS miss versus our/consensus estimates could be a minor negative, but both production and operating cash flow exceeded our expectations while full year production guidance was unchanged. The cash flow beat came in spite of a much larger negative deferred tax impact, which speaks to underlying performance of COP. Share repurchases were a bit lighter than we expected, but debt repayment was larger, which we will call a wash.
  • 4/22/17-LOTs of INSIDER BUYING (very little selling)---###COP -4/22/17- Considerable INSIDER BUYING Reported-
    • James McMonan-7,500shares (at MARKET PRICE-$49.4)
    • Matthew Fox-5,600shares “
    • Al Hirshberg-43,000shares “
    • Glenda Schwartz 11,700shares “
    • Don E. Wallette 10,000shares “
    • Michael Lance-12,000shares “
    AND more -too numerous to mention...

    Ex-Div Date 5/10/17?
    Div. $.265

    In the fourth quarter of 2016, COP produced
    1.587 million barrels of oil equivalent per day
    (mmboe/d), up 1.9% from the third quarter. The
    S&P Capital IQ consensus view is for COP to
    generate about 63% of its 2017 production from
    liquids (either crude oil or natural gas liquids),
    in line with peers. In March, COP agreed to sell
    much of its non-operated Western Canada
    acreage to operator Cenovus Energy (CVE 11
    Buy) for $10.6 billion in cash and $2.7 billion in
    CVE stock. The deal should reduce COP’s ex-
    penses and enable Faster RAMP-UP OF DIVIDEND
  • May 10th? COP Ex-Div. Date
    IMO-When they report Earnings- it will be POSITIVE
  • The company swung to a first-quarter net profit of $800 million, or 62 cents a share, from a loss of $1.5 billion, or $1.18 a share, in the same period a year ago. Excluding non-recurring items, the per-share loss was 2 cents, compared with the FactSet consensus for a per-share profit of 2 cents. Production increased 2% to 1.584 billion barrels of oil equivalent per day, and said it expects second-quarter production of 1.495 to 1.535 BOED.
  • https://seekingalpha.com/article/4072304-exxon-take-swing-conocophillips

    Exxon: Why It Could Take A Swing At ConocoPhillips
    Conoco's recently announced asset sales will dramatically improve the company's balance sheet and production profile. Yet the stock is trading below where it wa
  • $3 Billion in cash raised from a sale, the company is buying back stock over the next several years, and the price goes down today on the news? Buying opportunity!!
  • Helima Croft with RBC is predicting oil going up 20% by the end of the year. She has a very good track record on evaluating the oil market. Oil in the $60 range could put COP share price close to $60. I hope she turns out to be right. Hopefully we get an increase in the dividend May 2.
  • COP has to close the open gap up from March 30---back to 46 to close gap
    i'm out till gap closed
  • Holly batshit....that should take the debt down and stockbuyback way beyond anything planned....