ConocoPhillips (COP) is reportedly closing in on the sale of its Oklahoma assets to Stone Ridge Energy and Flywheel Energy, eyeing $1.3 billion in returns. The company's stock has been showing positively strong performance, outpacing the general market upswing, despite volatility in the energy sector. COP is also set to terminate reporting responsibilities in Canada, subject to approval of an application to the ASC. In terms of investment potential, a range of financial institutions including UBS, Wells Fargo, Barclays, Citi maintain a 'Buy' rating for COP. However, hedge funds consider it as an under-valuating energy stock worth investing in. COP's Q2 2025 earnings and Q1 2025 call highlights noted strong production and strategic cost-control initiatives. The company is also looking to expand its oil exploration in the Alaskan Arctic while internal growth concerns have hampered its share price according to market observations. A new addition to the board, sustainability expert Ms. McGinty, brings added expertise in environmental responsibility. Meanwhile, if current oil prices sustain, US shale production might plateau, warns ConocoPhillips CEO. As the company plans more operations in the Arctic, the executive team signals confidence in COP's discounted entry position.
Conocophillips COP News Analytics from Wed, 18 Dec 2024 08:00:00 GMT to Fri, 25 Jul 2025 15:20:00 GMT -
Rating 7
- Innovation 5
- Information 7
- Rumor -1
