L'intérêt à découvert pour ConocoPhillips donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de ConocoPhillips. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

ConocoPhillips (NYSE:COP) Stock, Rapport sur les intérêts à découvert

ConocoPhillips

ConocoPhillips is a US-based independent exploration and production firm. In 2024, it produced 2.0 million barrels per day of oil and natural gas liquids and 3.4 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2024 were 7.8 billion barrels of oil equivalent.

While supporters of President Donald Trump's "Big Beautiful Bill" are reveling in yet <a href="https://www.benzinga.com/news/politics/25/07/46283137/trump-vs-bezos-how-big-beautiful-bill-may-wreck-20k-ev-dream">another major political win</a>, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos — no stranger to winning himself — isn't exactly smiling. The new law will target tax incentives for buying electric vehicles, thereby impeding Bezos' ambitions of disrupting the market. On the other end, hydrocarbon specialist ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) may have just received a cynical lifeline.
Thanks to the passage of the "Beautiful" by Congress and Trump, the law will end the $7,500 EV tax credit in months, thereby eliminating one of <a href="https://www.benzinga.com/markets/tech/25/07/46257394/trumps-big-bautiful-bill-passes-ev-tax-breaks-to-end-on-september-30-what-it-means-for-electric-vehicles">the primary incentives</a> for consumers interested in making the switch to electric-powered mobility over the traditional combustion-based mode. This move has significant implications for Slate Auto, which is backed by Bezos.
What makes Slate Auto appealing is the underlying modularity, with the flagship vehicle being a customizable electric pickup truck that can also transform into an SUV. Further, the vehicle is offered with a relatively clean canvas of core features, allowing drivers to customize it according to their preferences.
Most notably, the truck was supposed to be available for around $25,000, with a starting price of under $20,000 — including the federal tax credit. With the new law in place, the truck (based on integration with popular features) will realistically sell closer to $30,000 to $40,000.
At that range, even the cheapest EV manufacturers would look relatively pricey against legacy automakers' offerings. Without the tax credit, it's harder to justify making the switch to EVs, especially because <a href="https://www.benzinga.com/news/25/04/44916124/frozen-pizza-sales-surge-like-2009-recession-as-americans-cut-back-on-dining-out-amid-economic-strain">many consumers are still struggling</a>. Subsequently, crude oil players get a helping hand, which makes COP stock fundamentally intriguing.
<h2 class="wp-block-heading">Making The Statistical Case For COP Stock</h2>
While the fundamental narrative for oil industry heavyweights like ConocoPhillips got more exciting, this alone doesn't provide any guidelines for trading COP stock. Options traders especially require a thesis that addresses not only the magnitude component of the target asset but also the time element. To better inform the decision-making process requires statistical analysis.
Trying to explain the topic of statistics in relation to options trading has always been a bear of an assignment. I believe, though, that it can be best explained in a thought experiment.
Imagine flipping a (fair) coin 100 times every day, Monday through Friday. What you flip on Monday will have no impact on what you flip on Tuesday and so on. Obviously, this is because coin flips are random. Therefore, an observation of the ratio between heads or tails across different intervals should be around 50%.
Similarly, if the market were truly random, we would expect the same outcome. Whether the market was bullish or bearish on Monday would have no impact on Tuesday's result. Looking at the long-side success ratio across different intervals should reveal odds of around 50%. Therefore, no advantage would exist in analyzing price behaviors.
However, that's not what we actually observe in the market. Regarding COP stock, in the trailing two months, the security is printing a "4-6-U" sequence: four up weeks, six down weeks, with a positive trajectory across the 10-week period. Unusually, while the balance of distributive sessions outweighs accumulative, the overall trajectory is positive. It's a rare sequence, having only materialized nine times since January 2019.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09151137/COP-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-978939" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09151137/COP-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09151137/COP-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09151137/COP-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09151137/COP-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
Here&#8217;s the kicker, though. Again, if the market were truly random, the likelihood that the following week's price action will be positive should be around 50%. Instead, it's 66.67%, with a median return of 4.71%. Granted, we're talking about extremely small, fragile sample sizes here. But different sequences featuring various arrangements of accumulation and distribution frequencies feature vastly different probabilities.
It just so happens that with COP stock, the 4-6-U sequence tends to yield better results for bullish speculators. Thus, intrepid options traders can potentially exploit this edge.
<h2 class="wp-block-heading">An Aggressive Strategy For The Hard-Nosed Speculator</h2>
For those who don't mind taking big risks, the 95/99 bull call spread expiring Aug. 1 could be enticing. This transaction involves buying the $95 call and simultaneously selling the $99 call, for a net debit paid of $167 (the most that can be lost in the trade). Should COP stock rise through the short strike price ($99) at expiration, the maximum reward is $233, a payout of roughly 140%.
Given the median bullish response to the 4-6-U sequence, that would put COP stock over the $99 level, perhaps in a week or two. Therefore, the Aug. 1 expiration date provides an additional time cushion to account for unexpected turbulence.
In addition, the above trade is compelling because, as a baseline, the chance that COP stock will be profitable over any random week is 52.2% (since January 2019). Thus, the flashing of the quantitative signal incentivizes a debit-based strategy.
The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.
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Photo: Shutterstock

Equities

Long Ideas

Options

AMZN

Options Corner: Why ConocoPhillips May Have Received A Contrarian Lifeline

U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, <a href="https://www.benzinga.com/topic/tariffs">outlining sweeping new tariffs. </a>
The real market action unfolded in commodities, with copper surging 10% after President Donald Trump announced a 50% tariff on copper imports starting today.
The industrial metal jumped to $5.52 per pound, hitting a new all-time high and marking its biggest one-day gain since October 2008.
During a Cabinet meeting, Trump stated: "Some letters are at a 60%, 70% rate.&#8221; He said to be announcing new tariff measures on pharmaceuticals — possibly a 200% tariff.
He added that trade relations with China have been "very fair" recently, noting a strong working relationship.
While Trump reiterated openness to trade negotiations, he emphasized that the U.S. will not extend the August deadline for reciprocal tariffs to take effect.
Commenting on the European Union, Trump said: "The EU has been speaking to us. President von der Leyen has been very nice lately, but they've treated us badly until recently. We're probably two days away from sending the EU letter. A letter is a deal."
At 1:40 p.m. ET, the S&amp;P 500 was flat at 6,220, the Nasdaq 100 gained 0.1% to 22,710, while small caps led the way with the Russell 2000 rising 0.9%.
Energy stocks outperformed as oil prices climbed 1.4% for a second straight session, topping $68 — a two-week high.
Treasury yields also moved higher, with the 10-year rising five basis points to 4.43% and the 30-year yield climbing to 4.96%.
The U.S. dollar remained steady, while gold fell 0.8% to $3,308 per ounce. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded around $109,125.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,233.89</td>
<td>0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,710.77</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,229.74</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,254.05</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $570.48.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.3% lower to $442.54.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.1% to $533.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $221.73.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.8%; the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.3%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) dropped 12%, while Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 6% after President Trump signed an order slashing tax credits for wind and solar energy.</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) jumped 4.4%, benefiting from a sharp spike in copper prices following the newly announced tariffs.</li>
<li>Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) sank 15% after Bill Pulte, director of the Federal Housing Finance Agency, announced Fannie Mae and Freddie Mac will now allow lenders to adopt the VantageScore 4.0 credit scoring model.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rallied 7.5% after Citigroup raised its price target on the stock from $21 to $24.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) declined 3.5% — its worst session since April — after HSBC downgraded the bank from Hold to Reduce and lifted its price target from $237 to $259.</li>
<li>Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) fell 4.3% to $145.81 after Guggenheim downgraded the stock from Neutral to Sell, setting a price target of $105.</li>
<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) surged 7.4% after JPMorgan increased its price target from $40 to $42 while maintaining a Neutral rating.</li>
<li>Other oil and gas majors advanced amid rising crude prices: Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) <a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46304047/energy-etfs-in-focus-after-exxon-flags-1-5-billion-profit-hit">rose</a> 2.8%, Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) gained 3.5%, and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) climbed 4.3%. 


</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46296421/goldman-sachs-raises-sp500-forecast-6900">S&amp;P 500 Near 7,000? Inside Goldman&#8217;s New Gravity-Defying Forecast</a></li>
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Photo: TimBrew via Shutterstock

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Copper Rallies To Record Highs After Trump's 50% Tariff Bombshell: What's Moving Markets Tuesday?

Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) issued a warning on Monday that diminishing oil and natural gas prices might see its second-quarter earnings reduce by approximately $1.5 billion from the first quarter, per a Reuters report. 
That warning has the potential to cascade into <a href="https://www.benzinga.com/etfs">energy-focused ETFs</a>, several of which have enjoyed the fossil fuel rally over the past year.
Exxon&#8217;s earnings warning isn&#8217;t just corporate accounting: it&#8217;s a warning flag for the rest of the <a href="https://www.benzinga.com/topic/energy">oil and gas industry</a>. As the nation&#8217;s largest oil producer, its earnings reports tend to be a bellwether for global performance.
And that performance is looking weak as of today. According to the Reuters report, Benchmark Brent crude hit $66.71 per barrel in the second quarter, down 11% from the prior quarter, while U.S. natural gas prices decreased 9% over the same period.
Wall Street still anticipates Exxon posting adjusted income of $1.53 per share when it reports Aug. 1, but that would be a significant drop from the last quarter&#8217;s strong performance.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46298240/voo-gets-some-love-as-investors-say-no-thanks-to-magnificent-7-stocks">VOO Gets Some Love As Investors Say &#8216;No Thanks&#8217; To Magnificent 7 Stocks</a>
<h2 class="wp-block-heading">Energy ETFs: Still Running Hot Or Just Running On Fumes?</h2>
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), with Exxon among its top holdings alongside Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) has been a favorite among investors throughout much of the year. But that&#8217;s about to change as the next earnings season begins. XLE is off about 0.2% in the past six months, with its performance tracking closely the price action in oil futures.
Other big funds to keep an eye on:
Vanguard Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>): General exposure to U.S. majors like Exxon, Chevron, and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>). Similar to XLE, it&#8217;s being hurt by declining upstream margins, and the stock is down 1% in the past six months.
iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>): Provides exposure to more exploration-oriented names, which are more responsive to trends in crude prices. The stock is down 1.2% in the past six months.
Invesco Dynamic Energy Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXE#NYSE">PXE</a>): This actively skewed ETF may experience volatility should earnings from mid-cap energy names follow Exxon&#8217;s decline. The fund is down almost 4% in the past six months.
<h2 class="wp-block-heading">Are Investors Eyeing Greener Pastures?</h2>
Investor inflows into energy ETFs have already begun to show signs of wear. As per ETF.com, XLE <a href="https://www.etf.com/sections/daily-etf-flows/assets-move-industrials-away-energy-flows-shift">experienced </a>net outflows in late June, and further downside surprises from Exxon or its peers would likely accelerate the trend.
The wider macro picture is also something to monitor. With inflation softening and the Federal Reserve looking ahead to potential cuts in rates before year&#8217;s end, demand for risky commodities and the ETFs that follow them may fade. The search for yield or stability might instead send capital into dividend-rich spaces, utilities, or even battered tech names that are rising on AI hope.
Not all are yet willing to throw in the towel on energy. According to a recent Reuters <a href="https://www.reuters.com/business/energy/geopolitical-tensions-nudge-oil-outlook-higher-demand-concerns-persist-2025-06-30/">poll</a>, some market participants believe supply discipline by OPEC+ and geopolitical risk can hold up oil prices in the second half of the year. Further, Exxon&#8217;s refining and chemical operations may mitigate some upstream weakness.
Exxon&#8217;s initial admission has cautioned the energy ETF universe. Whether this is a short-term pothole or the start of a more profound slide will probably be determined in the coming weeks, particularly as earnings season intensifies.
As things stand, investors who own energy ETFs might need to buckle up. When Exxon sneezes, the sector catches cold, and ETFs aren&#8217;t immune.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/07/46281860/elons-america-party-etf-a-what-if-fund-of-musk-linked-stocks-like-tesla-nvidia">Elon&#8217;s America Party ETF: A What-If Fund Of Musk-Linked Stocks Like Tesla, Nvidia</a></li>
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Photo: Shutterstock

Sector ETFs

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

PowerShares ETF Trust Dynamic Energy Exploration & Production Port

Energy ETFs In Focus After Exxon Flags $1.5 Billion Profit Hit

Piper Sandler analyst Ryan Todd maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Overweight and raises the price target from $107 to $113.

News

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Analyst Ratings

Piper Sandler Maintains Overweight on ConocoPhillips, Raises Price Target to $113

Democratic lawmakers, led by Sen. Elizabeth Warren (D-Mass.), are scrutinizing the lobbying efforts of two energy companies aimed at securing a $1.1 billion tax loophole in the reconciliation mega-bill.
What Happened: On Thursday, Warren, along with Senators Sheldon Whitehouse, Ron Wyden, and Senate minority leader Chuck Schumer (D-N.Y.), sent letters to ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) and Ovintiv seeking clarification on their role in the proposed tax change, reported The Guardian. The letter, addressed to ConocoPhillips CEO Ryan Lance and Ovintiv CEO Brendan McCracken, questions the amount spent on lobbying and potential tax reductions if the provision is finalized.
Warren criticized the proposal, stating, &#8220;It's&nbsp;an insult to working people&nbsp;to give oil companies a&nbsp;massive tax handout while slashing&nbsp;healthcare and raising energy prices&nbsp;for millions of families.&#8221;&nbsp;
Senate Republicans have proposed an exemption to President Biden's 2022 corporate tax law that would allow fossil fuel companies to deduct drilling costs, potentially eliminating their tax liability. The move, backed by major industry players like ConocoPhillips and Ovintiv, targets the 15% minimum tax on billion-dollar corporations under the Inflation Reduction Act.
The proposed tax break is viewed as especially troubling, given that other measures in the draft reconciliation bill could result in higher utility bills and job losses.
Meanwhile, Schumer said, "Republicans would rather kill over 800,000 good-paying jobs and send energy costs skyrocketing than stand up to their big oil billionaire buddies.&#8221;
SEE ALSO: <a href="https://benzinga.com/crypto/25/06/46131453/bitcoin-ethereum-rangebound-dogecoin-dips-amid-potential-july-tariff-deadline-extension-analyst-predicts-btcs-next-big-move-once-it-breaks-out-of-this-range" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Rangebound, Dogecoin Dips Amid Potential July Tariff Deadline Extension: Analyst Predicts BTC&#8217;s &#8216;Next Big Move&#8217; Once It Breaks Out Of This Range </a>
Why It Matters: The senators&#8217; letters come amid a larger debate on the proposed tax breaks and their potential impact. Earlier this week, Warren criticized a provision in President Trump&#8217;s &#8220;Big Beautiful Bill&#8221; that offers&nbsp;Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) a&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still">massive tax break</a>, saying the benefits far outweigh what ordinary Americans could ever contribute.
Furthermore, Senate Minority Leader&nbsp;Chuck Schumer&nbsp;has been vocal in his opposition to the GOP&#8217;s budget reconciliation bill, dubbed the &#8220;One Big, Beautiful Bill,&#8221; for its extensive cutbacks on welfare, alongside tax breaks for the wealthy. Schumer has called the bill&nbsp;<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46132709/chuck-schumer-slams-gops-big-beautiful-bill-as-flawed-it-guts-healthcare-kills-jobs-to-fund-tax-breaks-for-billionaires">&#8220;flawed&#8221; and &#8220;irredeemable&#8221;</a>, stating that it will kick millions off healthcare and kill good-paying energy jobs while taking food away from children.
Meanwhile, President Donald Trump has been pushing the Senate to pass his &#8216;Big, Beautiful Bill&#8217; bill before the July 4 deadline.
On a year to date basis, shares of ConocoPhillips tumbled 9.18%, as per <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46107536/elizabeth-warren-blames-trumps-dumb-trade-war-for-feds-grim-outlook-the-president-is-standing-in-the-way-of-lower-rates-and-lower-costs">Elizabeth Warren Blames Trump&#8217;s &#8216;Dumb Trade War&#8217; For Fed&#8217;s Grim Outlook: The President Is &#8216;Standing In The Way Of Lower Rates And Lower Costs&#8217; </a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elizabeth Warren, Chuck Schumer Grill ConocoPhillips, Big Oil For Massive Tax Break In Trump Budget Law: 'It's An Insult To Working People'

During the last three months, 17 analysts shared their evaluations of ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">11</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $113.18, a high estimate of $125.00, and a low estimate of $95.00. A decline of 7.23% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1750975290_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of ConocoPhillips by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$117.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Alastair Syme</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$106.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$109.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$113.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Ryan Todd</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$107.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$114.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Devin McDermott</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$118.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Kalei Akamine</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$107.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Betty Jiang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$111.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$116.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$95.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$116.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to ConocoPhillips. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ConocoPhillips compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of ConocoPhillips's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of ConocoPhillips's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/COP/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on ConocoPhillips analyst ratings.</a>
<h2>Get to Know ConocoPhillips Better</h2>
ConocoPhillips is a US-based independent exploration and production firm. In 2024, it produced 2.0 million barrels per day of oil and natural gas liquids and 3.4 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2024 were 7.8 billion barrels of oil equivalent.
<h3>Financial Insights: ConocoPhillips</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: ConocoPhillips's revenue growth over a period of 3M has been noteworthy. As of 31 March, 2025, the company achieved a revenue growth rate of approximately 19.27%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: ConocoPhillips's net margin excels beyond industry benchmarks, reaching 17.19%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): ConocoPhillips's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.37%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): ConocoPhillips's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.3%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.36.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

17 Analysts Have This To Say About ConocoPhillips

Energy markets are in a bit of flux at the moment.
Last week, the idea of $120 oil and continued disruption from the Middle East conflict was at the top of expert minds.
This week, we seem to be back to everlasting peace, bliss, everlasting cooperation, rainbows, unicorns, and prosperity for all.
Oil prices have begun falling again, and the same experts who warned of spikes last week now expect to see crude back into the upper 50s.
Here is what I know about crude oil. The market has had a failed rally and is now back below the 50-week moving average by a smidge (highly technical term). Cash prices are opening right at the 200 days moving average.
For now Crude is still in a bearish mode in spite of last week's volatility related to the Iranian difficulties
Hedging volume by US producers soared last week as prices rose. Even as they locked in higher prices for future delivery, many producers were also buying out of the money call options just in case things got a little dodgier in Iran.
Producers were hedging and speculating a bit on a sustained conflict, but there is another group who looked at the price of the energy-related businesses they operate recently and decided that no matter what happened in the Middle East, the price of their stock was just too low.
The High-Yield Play: Mach Natural Resources (Ticker: MACH)
Sometimes the market serves up opportunities that seem almost too good to be true. Mach Natural Resources is one of those situations that demands a closer look, if only because of that eye-popping 15% plus distribution yield.
Mach operates in the Anadarko Basin, focusing on natural gas production across Western Oklahoma, Southern Kansas, and the Texas panhandle. This is not some wildcat exploration story. They are working proven reserves in established fields, which reduces the geological risk that plagues many energy ventures. The company went public in 2023, making it relatively new to the public markets but not new to the business of extracting hydrocarbons from the ground.
What immediately catches your attention is the ownership structure. William Wallace McMullen owns nearly 72% of the company, with Bayou City Energy Management controlling 66% overall. This level of insider ownership is unusual in public markets and suggests management has serious skin in the game. When McMullen dropped $4 million to buy another 280,400 shares this month, he was not making a token gesture.
The company has a variable dividend policy that over the last year has paid out over 18% in dividends. Yields that high usually signal either exceptional value or exceptional risk. In Mach&#8217;s case, analysts believe it is the former. Five analysts covering the stock have unanimous &#8220;Strong Buy&#8221; ratings with price targets averaging $24, suggesting 81% upside from current levels.
The company reported $0.61 in earnings per unit for the first quarter, slightly missing expectations but still generating substantial cash flow. Management projects $2.31 per unit in free cash flow for 2025, which provides reasonable coverage for the distribution at current commodity prices. The key phrase there is &#8220;current commodity prices.&#8221; Natural gas has been volatile, and Mach&#8217;s fortunes are tied directly to those price movements.
From a balance sheet perspective, Mach carries a debt-to-equity ratio of 0.64 with a current ratio of 1.24, indicating reasonable financial health. The return on equity of 24.33% reflects the leverage inherent in the business model, while the 14.53% return on invested capital suggests efficient managements.
The risk here is obvious: natural gas prices. If prices remain depressed, that distribution becomes unsustainable quickly. But with analysts projecting higher natural gas prices in 2025 and the company&#8217;s low-cost production profile, Mach appears positioned to benefit from any commodity recovery.
The Deep Value Turnaround: Amplify Energy (Ticker: AMPY)
While Mach offers high current income, Amplify Energy presents a classic deep value opportunity with the potential for substantial capital appreciation. The stock has been beaten down significantly, trading near its 52-week low of $2.58 after reaching $8.15 earlier in the cycle. Sometimes the market&#8217;s pessimism creates opportunity.
Amplify operates across multiple regions, giving it geographic diversification that many smaller energy companies lack. Their assets span Oklahoma, the Rockies, federal waters offshore Southern California, East Texas, North Louisiana, and the Eagle Ford. The California offshore operation, known as the Beta field, represents significant potential upside but requires oil prices above $60 per barrel to justify development.
The first quarter results told an interesting story. While revenue of $72 million slightly missed expectations, earnings per share of $3.80 crushed analyst estimates of $0.21. This dramatic outperformance suggests the company&#8217;s operational improvements are gaining traction. Management has focused on cost reduction and cash flow improvement, with debt reduction being a primary goal.
What really gets my attention is the insider activity. In the past 30days, insiders have purchased 391,176 shares worth $1.31 million. Last week director Christopher Hamm bought 77,176 shares at $3.67, while COO Daniel Furbee added 10,000 shares at $2.97 at the end of May. When management is backing up their optimism with personal capital, it is worth paying attention.
The analyst community sees substantial upside. With price targets ranging from $8.50 to $11.00 and an average of $9.67, the Street is pricing in 150% upside potential. Seven analysts have issued buy ratings with zero holds or sells in the current month. This level of optimism from professionals who have studied the company&#8217;s assets suggests the current price reflects excessive pessimism.
The Steady Eddie: ConocoPhillips (Ticker: COP)
If Mach and Amplify represent the more speculative end of energy investing, ConocoPhillips stands as the sector&#8217;s steady performer. With a $121 billion market cap, this is one of the world&#8217;s largest independent exploration and production companies, offering global diversification and operational scale that smaller companies cannot match.
ConocoPhillips operates across six segments spanning Alaska to Asia Pacific, but their crown jewel remains the Lower 48 operations. They produce 833 thousand barrels of oil equivalent per day from the Permian Basin alone, making them a major player in America&#8217;s most important shale field. Add in 296 thousand barrels daily from the Eagle Ford and 151 thousand from the Bakken, and you are looking at a company with tier-one assets in tier-one basins.
The first quarter showed the company&#8217;s resilience. Despite a 6% decline in realized prices to $53.34 per barrel, production increased 487 thousand barrels daily year-over-year to 2.389 million barrels equivalent. This volume growth helped deliver $2.8 billion in earnings, up from $2.6 billion in the prior year. Management&#8217;s ability to grow production while reducing both capital expenditure guidance to $12.3-12.6 billion and operating cost guidance to $10.7-10.9 billion demonstrates operational excellence.
What sets ConocoPhillips apart is their shareholder-friendly capital allocation. The quarterly dividend of $0.78 per share yields 3.58% annually, with a sustainable payout ratio of 38.98%. Management raised the dividend 34% in the third quarter of 2024, signaling confidence in cash flow sustainability. Beyond dividends, the company returned $9.1 billion to shareholders in 2024, including $5.5 billion in share buybacks.
The share repurchase program deserves particular attention. Management increased their authorization by $20 billion and plans to return $10 billion to shareholders in 2025. At current prices, this represents meaningful ownership accretion for remaining shareholders. When combined with the dividend, total shareholder yield approaches impressive levels.
Recent insider activity reinforces management confidence. Executive Vice President Kirk Johnson purchased 5,300 shares at $94.24 last week, investing nearly $500,000 of personal capital.
Institutional ownership exceeds 75%, with JPMorgan Chase holding 47.2 million shares and Price T. Rowe Associates owning 40.3 million shares. Berkshire Hathaway&#8217;s continued position adds Warren Buffett&#8217;s implicit endorsement to the investment thesis.
Eighteen Wall Street analysts cover the stock with a strong buy consensus, setting price targets averaging $113.50 with a range from $95 to $130. This suggests 20-21% upside potential, which when combined with the 3.58% dividend yield, offers attractive total return prospects.
Insiders have been slowly accumulating energy stocks for several months now.
This is not about end demand and pricing for crude oil and natural gas over the next few months.
It is about the growing demand we will ss over rh next several decades.

Opinion

AMPY

Alpha Buying: Volatility Be Damned—These Energy Stocks Have a Plan

Wells Fargo analyst Roger Read maintains ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) with a Overweight and raises the price target from $113 to $117.

Wells Fargo Maintains Overweight on ConocoPhillips, Raises Price Target to $117

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) has outperformed the market over the past 5 years by 1.78% on an annualized basis producing an average annual return of 16.27%. Currently, ConocoPhillips has a market capitalization of $112.89 billion. 
Buying $1000 In COP: If an investor had bought $1000 of COP stock 5 years ago, it would be worth $2,162.23 today based on a price of $89.30 for COP at the time of writing.
<h3>ConocoPhillips's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750881768_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In ConocoPhillips 5 Years Ago Would Be Worth This Much Today

WIIM

BOOM

FANG

NINE

RCON

Shares of oil-related companies are trading higher. The commodity may be seeing a price increase due to a rebound after falling amid escalating Iran-Israel tensions.

BANL

CGBS

EQNR

GPRE

HUSA

INDO

KLXE

MARPS

PTLE

SHEL

USEG

Shares of energy companies are trading lower amid Iran-Israel ceasefire efforts. Additionally, President Trump said China can continue to buy Iranian oil.

ConocoPhillips's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) short percent of float has fallen 9.38% since its last report. The company recently reported that it has 18.34 million shares sold short, which is 1.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.23 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>ConocoPhillips Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750770032_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ConocoPhillips has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ConocoPhillips's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, ConocoPhillips's peer group average for short interest as a percentage of float is 8.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About ConocoPhillips?

Shares of energy stocks are trading lower as oil prices drop following a softer-than-expected Iranian attack on a US base in Qatar.

Investors with a lot of money to spend have taken a bearish stance on ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 9 uncommon options trades for ConocoPhillips.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,331,295, and 2 are calls, for a total amount of $59,689.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $92.5 and $105.0 for ConocoPhillips, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of ConocoPhillips stands at 2528.0, with a total volume reaching 9,035.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ConocoPhillips, situated within the strike price corridor from $92.5 to $105.0, throughout the last 30 days.
<h3>ConocoPhillips Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750446088_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$105.00</td>
<td>$217.0K</td>
<td>3.7K</td>
<td>200</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.15</td>
<td>$10.8</td>
<td>$10.85</td>
<td>$105.00</td>
<td>$215.9K</td>
<td>3.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.95</td>
<td>$10.8</td>
<td>$10.85</td>
<td>$105.00</td>
<td>$215.9K</td>
<td>3.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.85</td>
<td>$10.8</td>
<td>$10.85</td>
<td>$105.00</td>
<td>$215.9K</td>
<td>3.7K</td>
<td>800</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$105.00</td>
<td>$196.3K</td>
<td>3.7K</td>
<td>1.6K</td>
</tr>
</tbody>
</table>

<h3>About ConocoPhillips</h3>
ConocoPhillips is a US-based independent exploration and production firm. In 2024, it produced 2.0 million barrels per day of oil and natural gas liquids and 3.4 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2024 were 7.8 billion barrels of oil equivalent.
In light of the recent options history for ConocoPhillips, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is ConocoPhillips Standing Right Now?</h3>
<ul>
<li>With a trading volume of 5,169,881, the price of COP is up by 0.33%, reaching $94.11.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 41 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for ConocoPhillips</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $112.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for ConocoPhillips, targeting a price of $106. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on ConocoPhillips with a target price of $115. 
&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on ConocoPhillips with a target price of $115. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for ConocoPhillips with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Markets

This Is What Whales Are Betting On ConocoPhillips

In the current market session, ConocoPhillips Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) share price is at $94.09, after a 1.48% decrease. Over the past month, the stock increased by 8.91%, but over the past year, it actually decreased by 15.75%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2025/1750352422_0_0.png" alt="Past Year Chart" />

<h3>ConocoPhillips P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 21.34 in the Oil, Gas &amp; Consumable Fuels industry, ConocoPhillips Inc. has a lower P/E ratio of 12.1. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1750352422_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: ConocoPhillips

ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) has outperformed the market over the past 5 years by 2.58% on an annualized basis producing an average annual return of 16.45%. Currently, ConocoPhillips has a market capitalization of $118.95 billion. 
Buying $100 In COP: If an investor had bought $100 of COP stock 5 years ago, it would be worth $215.34 today based on a price of $94.09 for COP at the time of writing.
<h3>ConocoPhillips's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750348813_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning ConocoPhillips Stock In The Last 5 Years

Whales with a lot of money to spend have taken a noticeably bearish stance on ConocoPhillips.
Looking at options history for ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $555,880 and 5, calls, for a total amount of $309,329.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $125.0 for ConocoPhillips over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of ConocoPhillips stands at 4009.3, with a total volume reaching 9,699.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ConocoPhillips, situated within the strike price corridor from $90.0 to $125.0, throughout the last 30 days.
<h3>ConocoPhillips 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750096857_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$3.4</td>
<td>$2.91</td>
<td>$3.08</td>
<td>$90.00</td>
<td>$312.5K</td>
<td>607</td>
<td>1.0K</td>
</tr>
<tr>
<td>COP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$0.25</td>
<td>$0.19</td>
<td>$0.22</td>
<td>$100.00</td>
<td>$121.0K</td>
<td>14.6K</td>
<td>5.6K</td>
</tr>
<tr>
<td>COP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.48</td>
<td>$1.21</td>
<td>$1.26</td>
<td>$125.00</td>
<td>$97.1K</td>
<td>2.3K</td>
<td>937</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/21/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$90.00</td>
<td>$91.4K</td>
<td>638</td>
<td>280</td>
</tr>
<tr>
<td>COP</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/18/25</td>
<td>$2.05</td>
<td>$1.67</td>
<td>$1.89</td>
<td>$90.00</td>
<td>$56.7K</td>
<td>1.9K</td>
<td>325</td>
</tr>
</tbody>
</table>

<h3>About ConocoPhillips</h3>
ConocoPhillips is a US-based independent exploration and production firm. In 2024, it produced 2.0 million barrels per day of oil and natural gas liquids and 3.4 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2024 were 7.8 billion barrels of oil equivalent.
<h3>ConocoPhillips's Current Market Status</h3>
<ul>
<li>With a trading volume of 5,890,636, the price of COP is down by -1.75%, reaching $95.26.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 45 days from now.</li>
</ul>
<h3>What Analysts Are Saying About ConocoPhillips</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $111.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on ConocoPhillips with a target price of $115. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for ConocoPhillips, targeting a price of $115. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on ConocoPhillips with a target price of $106. 
&#x2A; Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for ConocoPhillips, targeting a price of $109. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ConocoPhillips, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding ConocoPhillips's Options Activity: What's the Big Picture?

ICON

Shares of oil and energy companies are trading lower as oil drops following a report suggesting Iran wants to de-escalate Israel hostilities.

Markets cheered Monday after Iran signaled it wants to de-escalate tensions with Israel and return to negotiations, easing geopolitical jitters that had rattled investors and sent oil prices <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45940903/a-thin-strip-of-water-keeps-the-world-economy-on-edge-will-it-trigger-a-100-oil-shock">surging last week.</a>
A report from the <a href="https://www.wsj.com/world/middle-east/a-battered-iran-signals-it-wants-to-de-escalate-hostilities-with-israel-and-negotiate-9feab4ae">Wall Street Journal</a> revealed that Iran, facing mounting economic and military pressure, has quietly told Arab intermediaries it's open to resuming talks over its nuclear program—on the condition that the United States refrains from entering the conflict.
Reports also emerged that Iran requested Qatar, Saudi Arabia and Oman to urge President Donald Trump to pressure Israel into agreeing to an immediate ceasefire.
The overture follows days of intense Israeli airstrikes and threats from Prime Minister Benjamin Netanyahu, who remains committed to dismantling Iran&#8217;s nuclear capabilities and missile infrastructure.
Despite Netanyahu's firm stance, Tehran&#8217;s signals appear to have reignited risk sentiment, easing fears escalation of Middle East conflict and leading to a risk-on rally across global equities.
<h3 class="wp-block-heading">Stocks Rally, VIX Falls</h3>
The S&amp;P 500 jumped 1.12% to 6,043 by 10:20 a.m. ET, while the Dow Jones Industrial Average climbed 1.14%, or 480 points, to 42,678. 
The tech-heavy Nasdaq 100 – as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – rose 1.49% to 21,954, bringing it within just one percentage point of its all-time high.
The CBOE Volatility Index, or VIX, tumbled 10.3% to 18.8. 
Gold prices dipped 1.2% to just under $3,400 an ounce, with investors rotating out of safe-haven assets and into equities.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) soared 2.7% to above $107,000, signaling improving sentiment towards crypto. 
<h3 class="wp-block-heading">Nasdaq 100 Sprints Toward Record High—Only 1% To Go</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="528" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-1024x528.png" alt="" class="wp-image-950933" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-1024x528.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-1536x792.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/16103612/image-246-2048x1056.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Tech And Consumer Stocks Lead Gains, Energy And Defense Companies Fall</h3>
Sector-wise, tech-heavy and consumer-related sectors outperformed. 
The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gained 1.5% to hit a record $243 per share, while the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) and Communications Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) rose 1.4% and 1.5%, respectively.
In contrast, energy and defense stocks lagged amid declining geopolitical risk. The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) tumbled 0.9%, the only S&amp;P 500 sector in the red. 
U.S. crude oil futures slid 3.4% to $70.40 per barrel, nearly erasing last Friday's 7.3% gain.
Oil explorers APA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) each lost over 2%, tracking crude oil&#8217;s sharp decline.
Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), a major defense contractor, fell 2.08% to $476.35.
Read now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45948662/iran-israel-tensions-fuel-oil-rally-investors-are-piling-into-energy-etfs">Iran-Israel Tensions Fuel Oil Rally, Investors Are Piling Into Energy ETFs</a></li>
</ul>
Photo: Shutterstock

Wall Street Roars Back As Iran Signals De-Escalation: Nasdaq 100 Nears All-Time High

AREC

CIVI

CLMT

CTRA

IMPP

SKYQ

TRGP

VTLE

Shares of energy stocks are trading higher following Israel's strikes on Iran, which have raised oil prices amid potential disruptions in production.

Press Releases

ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 6

ConocoPhillips reports fourth-quarter and full-year 2024 results; announces 2025 guidance and quarterly dividend

ConocoPhillips Receives Exemptive Relief From Canadian Securities Regulatory Authorities Regarding Future Canadian Filings

ConocoPhillips announces agreement to sell interest in Ursa and Europa Fields

ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, May 8

AM Best Affirms Credit Ratings of Sooner Insurance Company

ConocoPhillips announces first-quarter 2025 results and quarterly dividend

ConocoPhillips announces Bill Bullock to retire after 39 years with the company

ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, Aug. 7

ConocoPhillips appoints Kathleen McGinty to its board of directors

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