Streetbeat News

COP

ConocoPhillips

https://www.conocophillips.com

Industry

Oil & Gas Exploration & Production

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Open

112.68

Mkt cap

129B

Volume

4.1M

High

114.05

P/E Ratio

13.20

52-wk high

135.18

Low

111.89

Div yield

0.03

52-wk low

101.30

ConocoPhillips (NYSE: COP) reported Q3 FY23 adjusted EPS of $2.16, beating the consensus of $1.97, but revenues of $14.87 billion missed the consensus of $15.07 billion. The company announced a 14% increase in the quarterly ordinary dividend to $0.58 per share. The company expects Q4 production to be 1.86 to 1.90 MMBOED and reaffirmed FY23 production guidance of 1.80 to 1.81 MMBOED. COP shares are trading higher by 5.27% at $122.82.

Portfolio Pulse from Akanksha Bakshi

November 02, 2023 | 6:38 pm

ConocoPhillips (NYSE:COP) reported Q3 earnings of $2.16 per share, beating the analyst consensus estimate of $1.97 by 9.64%. However, this is a 40% decrease from the same period last year. The company's quarterly sales of $14.87 billion missed the analyst consensus estimate of $15.07 billion by 1.33%, marking a 31.22% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:10 pm

ConocoPhillips has stated that its current shareholder return levels are a 'good starting point' for 2024. The company is also focused on extracting money from Venezuela.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:50 pm

ConocoPhillips expects court rulings on disputes related to its Willow oil project in November. The outcome of these rulings could impact the company's operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:43 pm

An executive at ConocoPhillips has announced that the company plans to return close to half of its $22 billion cash flow to investors in 2023.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:35 pm

A significant amount of unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $75.0 to $125.0 for ConocoPhillips over the last 3 months. The price of COP is currently up 1.16% at $118.02. Susquehanna and UBS have maintained their Positive and Buy ratings on ConocoPhillips, with price targets of $152 and $149 respectively.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:33 pm

ConocoPhillips CEO has stated that the company has a high bar for mergers and acquisitions, and is not surprised by the ongoing consolidation wave in the industry.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:17 pm

ConocoPhillips reported better-than-expected Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:38 pm

ConocoPhillips reported Q3 earnings of $2.16 per share, beating the analyst consensus estimate of $1.97 by 9.64%. However, this is a 40% decrease from the same period last year. The company also reported quarterly sales of $19.29 billion, beating the estimate of $15.07 billion by 28.03%, but this is a 10.75% decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:24 am

US stocks are expected to start strong on Thursday, following the Federal Reserve's decision to pause, which has boosted market optimism. Traders are also anticipating positive earnings reports, including Apple's Q4 report. The decline in bond yields, driven by rising rate-cut expectations, could be viewed favorably by investors. Traders will also be monitoring job market data ahead of Friday’s crucial non-farm payrolls report for September. Several companies including Roku, Fastly, Etsy, Clorox, Lemonade, PayPal, Qualcomm, Starbucks, and Tandem Diabetes Care have seen significant premarket movements following their earnings releases.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 11:19 am

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