ConocoPhillips (COP)

ConocoPhillips' stock price has fluctuated in the past six months. As of June 24, 2025, the share price was $89.39, a 22.26% decline from $114.99 on June 25, 2024. Over the last 12 months, the price fell by 21.49%, but it was up 6.24% over the past 30 days as of June 26, 2025. Key events include the acquisition of Marathon Oil in November 2024, which is expected to yield over $1 billion in synergies. ConocoPhillips delivered strong Q1 2025 results, with revenue rising 18.13% year-over-year to $17.10 billion. The Biden administration approved the Willow Project in 2023. In February 2025, the company agreed to sell its stakes in the Ursa and Europa Fields to Shell for US$735 million. In April 2025, ConocoPhillips announced layoffs as part of streamlining operations. Recent analyst reviews show a decline in ConocoPhillips' average 12-month price target to $113.18.

The demand for ConocoPhillips' products, mainly crude oil and natural gas, is subject to seasonality, aligning with general oil and gas market trends. From February to May, inventories increase as refineries prepare for summer. During summer (June to August), demand surges due to increased travel. In autumn (September to November), inventories build up as refineries undergo maintenance. In winter, demand for heating oil surges. ConocoPhillips' production volumes can be impacted by planned seasonal turnaround activity, and the company makes economically driven production decisions at the asset level. The rising role of AI is also noted as a factor driving new energy demands, particularly for natural gas and LNG.

ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration and production. Headquartered in Houston, Texas, the company operates within the energy sector, focusing on finding new resources, maximizing production, and responsibly developing previously unrecoverable areas. Its major products include crude oil, natural gas, natural gas liquids, bitumen, liquefied natural gas, and synthetic crude oil.

ConocoPhillips has a significant global presence, with operations in 15 countries as of December 31, 2024, managed through six geographic segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. Key operational areas include North America, with major hubs in the United States and Canada. The company operates in the North Sea, specifically in the Norwegian and U.K. sectors. Key areas for crude oil extraction in West Africa include Nigeria and Venezuela. ConocoPhillips is engaged in offshore natural gas projects in Australia and Timor Leste. Operations in the Middle East, specifically in the United Arab Emirates and Qatar, focus on oil and gas production. Significant offshore production occurs in Southeast Asia, including Vietnam, Indonesia, Malaysia, and China. Exploration activities in Colombia and Argentina are included in the Other International segment.

ConocoPhillips emphasizes safety, environmental stewardship, and responsible energy resource management. They focus on managing climate-related risks and reducing greenhouse gas emissions. The company engages in conservation partnerships, such as with Ducks Unlimited, supporting habitat preservation and funding conservation programs. However, in 2019, ConocoPhillips was ranked as the 14th most polluting company globally by The Guardian, responsible for 0.91% of global industrial greenhouse gas emissions from 1988 to 2015, which could still influence public perception.

ConocoPhillips has significant institutional ownership. As of June 24, 2025, there are 3,713 institutional owners and shareholders holding 1,305,420,687 shares, representing 82.83% of the company's stock. ConocoPhillips insiders own 0.43%, and retail investors own 16.73%. Major institutional shareholders include Vanguard Group Inc, BlackRock, Inc., and State Street Corp.