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The latest trading day saw ConocoPhillips (COP) settling at $105.28, representing a +0.53% change from its previous close.
Continued worries over the effects of a production boost at OPEC+ hurt crude oil prices on Thursday. Additionally, China's economy looks weaker than at any time in the last six months, implying weak demand on top of strong supply.
In the latest trading session, ConocoPhillips (COP) closed at $110.55, marking a +1.78% move from the previous day.
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Oct. 31, 2024, at 12:00 p.m. ET to discuss 3Q 2024 financial and operating results.
German energy company Uniper and U.S. oil and gas producer ConocoPhillips said they have agreed a supply deal for up to 10 billion cubic metres (bcm) of natural gas over the next 10 years.
Favorable oil price is aiding ConocoPhillips' (COP) bottom line. However, the stock is exposed to commodity price volatility.
CNBC's Brian Sullivan with ConocoPhillips CEO Ryan Lance, join 'Closing Bell' to discuss natural gas, energy demand, falling oil prices and more.
ConocoPhillips is a strong buy due to solid production growth, attractive capital return potential, and a cheap forward P/E ratio of 10.9X. The acquisition of Marathon Oil enhances ConocoPhillips' earnings and free cash flow, complementing its existing assets in key basins. ConocoPhillips generated $2.1B in free cash flow in Q2, returning $1.9B to shareholders through stock buybacks and dividends.
ConocoPhillips (COP) closed the most recent trading day at $103.50, moving +0.58% from the previous trading session.
HOUSTON--(BUSINESS WIRE)--ConocoPhillips today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member.