COP Stock Recent News

ConocoPhillips (COP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Dividend stocks lack the glitz and glam of high-octane growth stocks. But they can make up for it by passing along profits to shareholders no matter what the market is doing.

Shares of oil and gas majors ExxonMobil (XOM -1.99%), Chevron (CVX -0.80%), and ConocoPhillips (COP -1.85%) were all trailing the market today, falling 3.6%, 2.8%, and 4.2% at their lows, before recovering to declines of 3%, 1.9%, and 3%, respectively, as of 12:51 p.m. ET.

Energy stocks like APA, FANG and COP may face near-term volatility, but long-term fundamentals remain intact.

Crude oil prices have been pretty quiet so far this year. WTI, the primary U.S. oil price benchmark, has hovered around $70.

ConocoPhillips stock is currently undervalued, presenting a solid entry point for growth and income-focused investors, with a potential 25% uplift to $128. COP's strong Q4 2024 performance and $10 billion shareholder return plan, including dividends and buybacks, highlight its commitment to shareholder value. COP's strategic acquisitions and upcoming Willow project position it as a top-tier U.S. shale producer with significant future growth potential.

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Oil stocks can be excellent sources of passive income for investors who can stomach the volatility of the cyclical energy sector. And with oil prices down 9% or so in the last year, many oil and gas stocks have sold off even as broader indexes like the S&P 500 make new highs.

ConocoPhillips' $22 billion acquisition of Marathon Oil enhances reserves and production, adding 400,000 barrels of oil-equivalent per day. The deal is expected to achieve $500 million in synergies within a year and supports a 34% dividend increase to $3.12 per share. With oil prices around $70 per barrel, ConocoPhillips' 2024 earnings are projected at $8 per share, trading at a mere 12 times multiple.

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