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ConocoPhillips Chair and CEO Ryan Lance discusses the outlook for oil prices and production, LNG projects and the energy needs to satisfy artificial intelligence data centers.
Improving Eagle Ford production amid healthy oil prices raises the incentive to keep an eye on companies like Matador Resources (MTDR), ConocoPhillips (COP) and Marathon Oil (MRO).
In the closing of the recent trading day, ConocoPhillips (COP) stood at $119.78, denoting a +1.9% change from the preceding trading day.
In the closing of the recent trading day, ConocoPhillips (COP) stood at $113, denoting a +0.23% change from the preceding trading day.
It would be wise for investors to keep an eye on ExxonMobil (XOM), ConocoPhillips (COP) and Diamondback Energy (FANG), as these stocks can lean on their strong balance sheets to counter volatility.
Favorable oil price is aiding ConocoPhillips' (COP) bottom line. However, increasing production and operating expenses are hurting it.
ConocoPhillips CEO Ryan Lance joins 'Squawk Box' to discuss the state of the economy, impact of government regulation and policies on businesses, impact of LNG permit pause, consolidation in the energy industry, new disclosure rules from the SEC, and more.
Fundamentally, the bullish case for acquiring stalwart stocks is a simple one. It's effectively Wall Street's version of befriending the biggest, meanest schoolyard bully.
ConocoPhillips is the largest independent US hydrocarbon exploration & production company, operating in 13 countries across the globe and reaching average daily volumes of 1.8Mboed in 2023. The company has an advantaged portfolio of liquids-rich and low-cost assets in Alaska and the continental US, having largely acquired its significant Permian business at a steep discount in 2020. At a current reserve coverage of ~10 years and almost 20Bboe of estimated resources below $40/bbl cost of supply, COP has a significant runway to grow production by 4-5% annually through 2032.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?