ConocoPhillips (COP)

ConocoPhillips' stock price declined by 16.94% over the past six months, attributed to speculation about increased crude oil output from OPEC+ and lower realized commodity prices. The company completed the acquisition of Marathon Oil in November 2024 for $22.5 billion, expecting over $1 billion in synergies by the end of 2025. A 20% to 25% reduction in its global workforce was announced in September 2025 to reduce expenses. ConocoPhillips has been expanding its global LNG business through new agreements and projects. In February 2025, the company agreed to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company to Shell for $735 million.

Demand for ConocoPhillips' products exhibits seasonal patterns. Crude oil demand is influenced by gasoline and distillate trends, peaking in summer and winter, respectively. Natural gas demand peaks in winter for heating and has a smaller peak in summer for cooling. LNG demand is highly seasonal, peaking in winter. Bitumen demand rises during warmer construction seasons. NGL drilling is often driven by condensate demand.

ConocoPhillips is a multinational energy corporation focused on hydrocarbon exploration and production. The company is involved in the exploration, production, transportation, and marketing of crude oil, bitumen, natural gas, natural gas liquids (NGLs), and liquefied natural gas (LNG) on a global scale.

ConocoPhillips has a significant global presence with operations in 15 countries. It operates through six geographic segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. Key production areas include the United States, Norway, Canada, Australia, Indonesia, Malaysia, Libya, China, Qatar, the UK, Timor-Leste, and Equatorial Guinea.

ConocoPhillips emphasizes its commitment to safety, environmental stewardship, and sustainable energy practices. The company aims to reduce greenhouse gas emissions and has made investments in renewable energy technologies. It highlights its focus on operational excellence and managing climate-related risks.

Institutional owners heavily dominate ConocoPhillips, holding 75% of the company's shares. As of October 2, 2025, there are 3551 institutional owners and shareholders holding a total of 1,282,382,402 shares. The top 10 institutional investors own 43% of ConocoPhillips. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Retail investors and insiders own approximately 29% of the company.