ConocoPhillips

COP

Market cap $120B

ConocoPhillips (COP) concluded the recent trading session at $95.52, signifying a -2.72% move from its prior day's close.

ConocoPhillips's raised FY2025 production guidance and FY2026 guidance growth trigger exposure to oversupply-driven Brent pricing pressure, with the US EIA expecting $56 pricing in 2026, down from $69 in 2025. However, its upstream operations are likely to remain resilient, thanks to the improved capital efficiency and the expanded free cash flow generation. COP maintains strong shareholder returns via aggressive share repurchases and the recently raised dividend payouts, aided by the healthy balance sheet.

Trump is urging oil companies to dive back into Latin America, but for ConocoPhillips, “the bar's likely higher.”

ConocoPhillips (COP) remains a 'buy' as its unique asset profile and efficiency gains position it for substantial free cash flow growth through 2029. COP targets $12–12.5 billion free cash flow by 2029 at ~$65 oil, driven by project completions, LNG growth, and cost cuts. Despite Willow cost overruns and Venezuela claim uncertainty, COP's balance sheet strength supports robust capital returns and dividend growth.

ConocoPhillips hit probable gas in all three Waarre reservoirs at the Charlemont-1 well, delivering encouraging early results despite high-pressure delays.

Alex Cranberg, a self-described wildcatter, says he wants U.S. companies to be “bold but smart” in the region.

Venezuela has the largest reserve of crude oil in the world. With Nicolás Maduro no longer in charge, President Donald Trump wants U.S. oil companies to go into Venezuela and revitalize the struggling oil industry.

Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven lower by oversupply and weak demand.

ConocoPhillips (COP) reached $95.5 at the closing of the latest trading day, reflecting a -2.06% change compared to its last close.

The removal of Maduro and potential U.S. involvement could revamp Venezuela's struggling oil sector, making it easier for U.S. oil companies to do business in the country. Venezuela is believed to have around 300 billion barrels of oil reserves.