COP - ConocoPhillips

NYSE - NYSE Delayed Price. Currency in USD
66.13
-0.48 (1.32%)
At close: 4:01PM EST
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Previous Close65.27
Open65.12
Bid44.44 x 1100
Ask66.07 x 800
Day's Range64.89 - 67.08
52 Week Range50.18 - 80.24
Volume6,417,183
Avg. Volume6,740,051
Market Cap76.131B
Beta (3Y Monthly)1.48
PE Ratio (TTM)13.10
EPS (TTM)5.05
Earnings DateJan 30, 2019 - Feb 4, 2019
Forward Dividend & Yield1.22 (1.84%)
Ex-Dividend Date2018-10-12
1y Target Est79.42
Trade prices are not sourced from all markets
  • Reuters1 hour ago

    E. Timor president vetoes using petroleum fund to buy Sunrise gas project

    East Timor's president has vetoed a government bid to increase access to its petroleum fund for investment in energy projects, potentially delaying a $650 million buyout of Royal Dutch Shell and ConocoPhillip's holdings in the Greater Sunrise gas project. President Francisco Guterres said in a statement to journalists at the presidential palace in Dili this week he had vetoed the decree, and called for the proposal to be revised. "This veto aims to prevent the over-stretching of the Petroleum Fund's direct investment rules and policies," Guterres said, among other issues.

  • US Crude Oil near $50: No Impact on Some Oil-Weighted Stocks
    Market Realist18 hours ago

    US Crude Oil near $50: No Impact on Some Oil-Weighted Stocks

    On December 12, US crude oil January futures fell 1% and closed at $51.15 per barrel. The market wasn’t expecting a decline of 1.2 million barrels in US crude oil inventories for the last week, which might have dragged oil prices. OPEC and its allies’ production cut might not have boosted the bullish sentiment for oil prices, which we discussed in the previous part.

  • Market Realist19 hours ago

    Oil-Weighted Stocks’ Returns Compared to Oil Prices

    On December 5–12, our list of oil-weighted stocks rose 7.4% compared to the 3.3% fall in US crude oil January futures. On average, our list of oil-weighted stocks underperformed US crude oil prices. All of the oil-weighted stocks closed in the red during this period.

  • Reutersyesterday

    OPEC exit frees Qatar from U.S. legal concerns

    DUBAI/DOHA (Reuters) - Even before taking over Qatar's energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC. Kaabi was concerned OPEC membership could be a stumbling block for QP's ambitions in the United States, where it has one of the world's biggest LNG terminals, and a distraction as Doha doubles down on gas production, three industry sources said. Proposed U.S. legislation known as NOPEC (No Oil Producing and Exporting Cartels Act) could expose members of the oil exporters club to antitrust lawsuits, a risk for QP at a time it is planning to invest billions more in the United States.

  • Oilprice.com3 days ago

    Oil Majors Cautious But Upbeat About 2019

    Oil majors ConocoPhilips and Hess Corp. are increasing capex in 2019, reflecting a more positive attitude about oil markets next year

  • Uncertainty Lingers In Oil Markets Despite OPEC Cuts
    Oilprice.com3 days ago

    Uncertainty Lingers In Oil Markets Despite OPEC Cuts

    Despite OPEC+ coming to a production cut agreement, uncertainty remains in oil markets as the global economy struggles

  • Stock Market News For Dec 11, 2018
    Zacks3 days ago

    Stock Market News For Dec 11, 2018

    Markets closed higher on Monday after recovering from early losses.

  • MarketWatch3 days ago

    ConocoPhillips to spend about $6.1 billion in capex in 2019, flat versus 2018

    ConocoPhillips set its capital budget for 2019 on Monday, saying it plans to spend $6.1 billion, or roughly the same as will be spent by end 2018. The energy company said it is increasing its target payout to shareholders to more than 30% of cash from operations, up from 20% to 30%. The company is expecting to buy back $3 billion of its own stock. It expects 2019 production to range from 1,300 thousand barrels of oil equivalent per day (MBOED) to 1,350 MBOED. "We are running our business for sustained through-cycle financial returns, which is necessary for attracting investors back to the E&P sector," Chief Executive Ryan Lance said in a statement. "We believe we have designed ConocoPhillips to offer investors both resilience to lower prices and participation in higher prices via an approach that rations capital across a low cost of supply portfolio, competes on per-share versus absolute growth, and pays out a significant portion of cash from the business to shareholders." Shares rose about 1% premarket, and have gained 20% in 2018, while the S&P 500 has fallen 1.5%.

  • Conoco (COP) Releases 2019 Capital Budget & Operation Plan
    Zacks3 days ago

    Conoco (COP) Releases 2019 Capital Budget & Operation Plan

    For 2019, ConocoPhillips (COP) expects production between 1,300 MBOED to 1,350 MBOED, up 5% on a pro-forma basis from the midpoint.

  • U.S. Shale Becomes Big Oil's Safe Haven as Prices Languish
    Bloomberg3 days ago

    U.S. Shale Becomes Big Oil's Safe Haven as Prices Languish

    The cost of shale production has fallen so much since then that it’s becoming a safe haven for major oil companies in times of volatile prices, providing rapid, reliable growth and quick returns even with crude down by almost a third since the start of October. Oil traded 2.1 percent higher at $52.09 a barrel at 9:20 a.m. in New York. The U.S. shale sector has helped boost American production to an average of 10.9 million barrels a day this year, the most on record.

  • Reuters3 days ago

    Cenovus cuts 2019 capital budget by 4 percent

    Canada's Cenovus Energy Inc said on Tuesday it would reduce its capital spending for 2019 by 4 percent amidst a broader turnaround plan following its highly criticized deal with ConocoPhillips. The company ...

  • Reuters3 days ago

    Spain's Repsol bids to operate Indonesia's Corridor gas field-regulator

    * Spanish energy company Repsol SA has submitted a proposal to operate Indonesia's Corridor natural gas block which is currently being operated by ConocoPhillips, Dwi Soetjipto, chairman of Indonesia's ...

  • Oil Slides Most in Two Weeks as Traders Doubt OPEC+ Supply Cuts
    Bloomberg4 days ago

    Oil Slides Most in Two Weeks as Traders Doubt OPEC+ Supply Cuts

    Futures fell 3.1 percent in New York, evaporating all the gains from last week’s pact between Russia, Saudi Arabia and other top producers to crimp supplies. While the alliance known as OPEC+ agreed to slash about 1 percent of global production, it remains uncertain exactly how the cutbacks will be implemented, analysts at Goldman Sachs Group Inc. and Morgan Stanley noted. “You can see how the numbers could work out, but it’s not a startling, oh-my-God cut,” said Michael Hiley, head of OTC energy trading at LPS Futures in New York.

  • InvestorPlace4 days ago

    ConocoPhillips Stock Is a Value Powerhouse With More Growth to Come

    ConocoPhillips (NYSE: COP) has been around since 1875 in one form or another, so it has a lot of experience dealing with the booms and busts in the energy patch. COP stock is up 32% in the past year and that includes all the mess that we’ve been in recently. It’s an odd time in the energy patch, given that prices for oil are very low yet we’re technically in a recovery.

  • ConocoPhillips’ 2019 capital expenditure budget to remain flat
    American City Business Journals4 days ago

    ConocoPhillips’ 2019 capital expenditure budget to remain flat

    The plan will allow ConocoPhillips produce 1.3 million to 1.35 million barrels per day and to generate free cash flow as long as WTI oil prices remain above $40 per barrel.

  • This Oil Stock Has a Plan to Prosper in 2019
    Motley Fool4 days ago

    This Oil Stock Has a Plan to Prosper in 2019

    ConocoPhillips’ 2019 operating plan has it well positioned to weather lower oil prices in the coming year.

  • Reuters4 days ago

    Hess, Conoco raise 2019 production outlook

    Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies said on Monday. Hess said the lion's share of its 2019 capital expenditure will go towards exploration in Guyana and Bakken. Conoco will spend most of its capex in Alaska and Canada, it said.

  • Equinor's (EQNR) Troll Phase 3 Development Receives Nod
    Zacks4 days ago

    Equinor's (EQNR) Troll Phase 3 Development Receives Nod

    Troll Phase 3 is considered one of Equinor's (EQNR) most profitable and flexible projects with a break-even of less than $10 per barrel.

  • TheStreet.com4 days ago

    ConocoPhillips Plans $6.1 Billion Capex in 2019, to Buy Back $3 Billion of Stock

    plans $6.1 billion of capital expenditures in 2019, the oil and gas giant said Monday, which is about the same amount the Houston-based company will spend by the end of 2018. The 2019 capital budget includes funding for ongoing conventional and unconventional development drilling programs, major projects, exploration and appraisal activities, and base maintenance activities. The 2019 capital budget doesn't reflect potential dispositions that may occur in the year, the company said.

  • Forget ConocoPhillips, ExxonMobil Corporation Is a Better Dividend Stock
    Motley Fool4 days ago

    Forget ConocoPhillips, ExxonMobil Corporation Is a Better Dividend Stock

    The recent oil downturn is the perfect example of why Exxon is a better dividend stock than ConocoPhillips.

  • Business Wire4 days ago

    ConocoPhillips Announces 2019 Capital Budget and Operating Plan; Recent Oil Price Volatility Highlights Investment Appeal of Company’s Differentiated Value Proposition

    ConocoPhillips (COP) today announced its 2019 capital expenditure budget and operating plan. The operating plan reflects the company’s ongoing commitment to free cash flow generation, differentiated payout to shareholders and superior financial returns through business cycles.

  • Rigzone.com4 days ago

    ConocoPhillips Plans for $6.1B Capital Spend in 2019

    ConocoPhillips is keeping capital expenditures flat in 2019 while anticipating a production surge.

  • Expect Saudi Arabia to cut oil production in 2019, commod...
    CNBC Videos2 days ago

    Expect Saudi Arabia to cut oil production in 2019, commod...

    Matt Smith, director of commodity research at Clipper Data, joins the 'Squawk Box' team to break down the latest developments in the energy market.