Sempra and
ConocoPhillips have extended their partnership with an offtake agreement for
Port Arthur LNG Phase 2. This strengthened relationship has seen ConocoPhillips undertake the purchase of LNG from Sempra's Port Arthur Phase 2 project.
RBC Capital, an investor in ConocoPhillips, maintains its buy rating, setting a price target of $113, amid mixed growth and reaffirmed investment guidance. ConocoPhillips has also embarked on strategic acquisitions, such as the $1.3bn sale of Anadarko assets, signalizing a bullish trend. In a move that instills investor confidence, a deal in offing sees ConocoPhillips nearing a divestment of Oklahoma Assets to Stone Ridge Energy.
UBS has kept up its optimism, lifting the stock's price target while maintaining a Buy rating. A blend of strategic partnerships, reaffirmed guidance, missile earnings, and extensive valuation has marked ConocoPhillips as a potentially undervalued stock amidst fluctuating market conditions. This has led to investor sentiment seeing it as an attractive buy, offering a robust deal for its potential growth and income revenue streams.
Conocophillips COP News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 23 Aug 2025 12:33:31 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -4
