|Bid||39.76 x 800|
|Ask||39.94 x 900|
|Day's range||38.22 - 39.81|
|52-week range||20.84 - 67.13|
|Beta (5Y monthly)||1.69|
|PE ratio (TTM)||12.15|
|Forward dividend & yield||1.68 (4.38%)|
|1y target est||51.63|
Shares of ConocoPhillips (NYSE: COP), the largest U.S. independent oil and gas exploration and production company, plunged 35.4% in the first six months of 2020, according to data provided by S&P Global Market Intelligence. The poor performance brought Conoco's share price to essentially the same level as it was ten years ago. Like most oil drillers, when the price of oil goes up, Conoco's share price improves.
ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 42 cents per share, payable Sept. 1, 2020, to stockholders of record at the close of business on July 20, 2020.
ConocoPhillips (COP), with a strong shale footprint and balance sheet, is an attractive investment option at the moment.
The oil and gas sector is a volatile place right now. Here's what separates ConocoPhillips (NYSE: COP) from Occidental Petroleum (NYSE: OXY), and why ConocoPhillips is the better oil producer stock to buy right now. From wellhead to gas station, the oil business has seen its fair share of volatility over the past few decades.
U.S. shale drillers had to cut supply by roughly 2 million barrels per day to counter a historic crude price crash stemming from low demand caused by coronavirus-induced lockdowns and a price war between top producers. ConocoPhillips said it would revive production in the Lower 48 region during July, while in Surmont it would increase output from curtailed levels in the third quarter. Earlier this month, ConocoPhillips said it would restart some of the shut-in production in Alaska.
ConocoPhillips (NYSE: COP) expects to ramp back up to its full production capacity in Alaska during July. The company had previously shut-in 100,000 barrels of oil production per day (BPD) in the state during June due to lower oil prices. ConocoPhillips had also previously shut-in production during May and June in the lower 48 states, Canada, and Malaysia due to low oil prices.
ConocoPhillips (NYSE: COP) today announced its estimated production curtailment impacts for the second quarter of 2020 and provided comments on future curtailments.
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on Tuesday. Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required. "It can be used by a rig manager in the middle of the ocean to someone in HR," Jon Scolamiero, Mendix's manager of architecture and governance of product marketing, said.
BP plc (BP) will take a $17.5 billion write-down in its second-quarter results, while ConocoPhillips (COP) said that it will restore its oil production on improving fundamentals.
Improving oil prices convince many upstream companies to remove the self-imposed cap and restart well production, says ConocoPhillips (COP).
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, July 30 at 12:00 p.m. Eastern time to discuss second-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on July 30.
Crude oil could have much further to go if demand continues bouncing back, which means oil stocks seem to have a lot of upside from here. Three that stand out are ConocoPhillips (NYSE: COP), Enbridge (NYSE: ENB), and Phillips 66 (NYSE: PSX). U.S. oil giant ConocoPhillips has taken several actions to preserve its balance sheet strength and profitability.
Occidental Petroleum (OXY) slashed its quarterly dividend for the second time in four month, while Williams Companies (WMB) plans to develop solar energy to power its operations in nine states.
ConocoPhillips (COP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
ConocoPhillips (NYSE: COP) today announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing, ConocoPhillips and Santos agreed to restructure the payments such that $125 million of the originally announced $1.39 billion upfront cash payment would be allocated toward a payment due upon final investment decision of the proposed Barossa development project. This brings the total due to ConocoPhillips upon a final investment decision to $200 million.
Halliburton (HAL) told investors it is cutting its dividend by 75%, while National Oilwell Varco (NOV) board suspended the quarterly payout indefinitely to retain cash in the business.
ConocoPhillips (NYSE: COP) today announced the retirement of Don E. Wallette, Jr. as executive vice president and chief financial officer after a successful 39-year career with the company. Wallette’s retirement is effective on Aug. 31, 2020.