ConocoPhillips (COP) is proceeding with the Willow Oil Project. Although Q1 2024 earnings were missed because of lower gas prices, stock has generally outperformed the market despite occasional dips. The company has announced plans to acquire additional stake in APLNG and has been supporting Oklahoma tornado relief efforts. COP also beat Q1 earnings estimates due to higher oil volumes which resulted in strong financial prospects and a recommendation to hold on stock. Upcoming dividends are seen as attractive. However, there are concerns about whether too much debt is being used.
Conocophillips COP News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Thu, 09 May 2024 01:41:18 GMT -
Rating 5
- Innovation -2
- Information 3
- Rumor -6
