Latest news with #ConocoPhillips
Yahoo
13 hours ago
- Business
- Yahoo
ConocoPhillips' Q2 2025 Earnings: What to Expect
Valued at a market cap of $115.8 billion, ConocoPhillips (COP) is an oil and natural gas exploration and production company headquartered in Houston, Texas. It produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. The company is scheduled to announce its fiscal Q2 earnings for 2025 before the market opens on Thursday, Aug. 7. Before this event, analysts project this energy company to report a profit of $1.34 per share, down 32.3% from $1.98 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the last four quarters, while missing on another occasion. Its earnings of $2.09 per share in the previous quarter outpaced the consensus estimates by 1.5%. More News from Barchart Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full year, analysts expect COP to report EPS of $6.34, down 18.6% from $7.79 in fiscal 2024. Its EPS is expected to further decline 3.3% year-over-year to $6.13 in fiscal 2026. COP has declined 21.4% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 13.6% uptick and the Energy Select Sector SPDR Fund's (XLE) 8% drop over the same time frame. On May 8, shares of COP surged 1.3% after its better-than-expected Q1 earnings release. Due to higher production and volumes, the company's total revenue and other income came in at $17.1 billion, representing an 18.1% year-over-year increase and 3.4% above Wall Street estimates. Moreover, its adjusted EPS of $2.09 grew 3% from the same period last year, surpassing consensus estimates by 1.5%. Wall Street analysts are highly optimistic about COP's stock, with an overall "Strong Buy" rating. Among 26 analysts covering the stock, 18 recommend "Strong Buy," five indicate "Moderate Buy,' and three suggest "Hold.' The mean price target for COP is $115.64, indicating a 26.2% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Transocean Secures Multi-Well Deal in Australia, Boosting Offshore Visibility
Transocean is one of the best oil drilling stocks according to hedge funds, thanks to a compelling recent contract update. As of mid‑July, the Transocean Equinox semisubmersible rig is set to begin a multi-well gas exploration program in Australia's Otway Basin for ConocoPhillips and partners, with Phase 1 firm drilling scheduled to begin in Q3 2025. That news gives investors clarity on upcoming offshore activity at a time when drillers are seeing tighter utilization globally. This contract isn't small, it's part of a 16-well minimum campaign and includes two firm wells this year, with options for four more by 2028. Deals like this drive utilization, strengthen Transocean's offshore footprint, and signal greater day-rate negotiating power, key metrics hedge funds track closely. Corepics VOF/ Transocean (NYSE: RIG) is a pure-play offshore drilling contractor operating 32 mobile offshore drilling units, including 24 ultra-deepwater floaters and eight harsh-environment semisubmersibles. Almost all its revenue comes from long-term drilling contracts with oil and gas majors in major deepwater basins globally. While we acknowledge the potential of RIG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Business Wire
3 days ago
- Business
- Business Wire
ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Notwithstanding a decision that ConocoPhillips is not a reporting issuer in Canada, ConocoPhillips will continue to file all financial statements and other continuous disclosure materials required to be filed by it in accordance with the applicable securities laws of the United States and the rules of the New York Stock Exchange (NYSE). All such continuous disclosure documents of ConocoPhillips are publicly available to all security holders of ConocoPhillips under ConocoPhillips' profile at ConocoPhillips' security holders residing in Canada will continue to receive copies of the continuous disclosure documents that are required to be delivered to security holders in the United States, in the same manner and at the same time as is required under the applicable securities laws of the United States and the rules of the NYSE. --- # # # --- About ConocoPhillips As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at This release contains forward-looking information that involves risks and uncertainties. Actual future results, including whether the Order Sought will be granted, could vary from those expressed or implied by the forward-looking information in this release, and depend on regulatory developments, including actions taken by the ASC, the OSC and/or other regulatory bodies. This forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, ConocoPhillips does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking information contained in this release is expressly qualified by this cautionary statement.
National Post
3 days ago
- Business
- National Post
ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada
Article content HOUSTON — ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Article content Notwithstanding a decision that ConocoPhillips is not a reporting issuer in Canada, ConocoPhillips will continue to file all financial statements and other continuous disclosure materials required to be filed by it in accordance with the applicable securities laws of the United States and the rules of the New York Stock Exchange (NYSE). All such continuous disclosure documents of ConocoPhillips are publicly available to all security holders of ConocoPhillips under ConocoPhillips' profile at ConocoPhillips' security holders residing in Canada will continue to receive copies of the continuous disclosure documents that are required to be delivered to security holders in the United States, in the same manner and at the same time as is required under the applicable securities laws of the United States and the rules of the NYSE. Article content — # # # — Article content As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at FORWARD-LOOKING STATEMENTS This release contains forward-looking information that involves risks and uncertainties. Actual future results, including whether the Order Sought will be granted, could vary from those expressed or implied by the forward-looking information in this release, and depend on regulatory developments, including actions taken by the ASC, the OSC and/or other regulatory bodies. This forward-looking information is made as of the date of this release and, other than as required by applicable securities laws, ConocoPhillips does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking information contained in this release is expressly qualified by this cautionary statement. Article content Article content Article content Contacts Article content
Globe and Mail
3 days ago
- Business
- Globe and Mail
WTI Oil Price Nearing USD70 Per Barrel Mark: Boon for ConocoPhillips?
The price of West Texas Intermediate (WTI) is currently trading above the $68 per barrel mark, approaching $70 per barrel. The rising price of the commodity, being backed by renewed tensions in the Middle East, is a boon for the exploration and production activities of ConocoPhillips COP. The upstream energy major has low-cost resources both internationally and in the United States. ConocoPhillips is more confident in its resources within the United States, which it refers to as the Lower 48, comprising major shale plays like the Permian Basin, Eagle Ford and Bakken. This demonstrates resilience in ConocoPhillips' business model. With the oil price significantly higher than the break-even price in the prolific resources, where COP is operating currently, the ongoing pricing environment of the commodity is highly favorable for the company's overall business, thereby aiding its bottom line. Is the Current Oil Price Favorable for XOM & EOG's Businesses? Exxon Mobil Corporation XOM and EOG Resources, Inc. EOG are two leading energy players, having a significant presence in upstream businesses. XOM has a strong presence in prolific oil and gas resources in the Permian and offshore Guyana. Advantageous volume growth from both resources has been supporting ExxonMobil's upstream activities, which contribute to the large scale of the company's total earnings. Having crude reserves in the United States and Trinidad, EOG Resources is among the energy majors in the domestic market. Having operations in the leading shale plays in the United States, the company is well-positioned to capitalize on the handsome crude prices. COP's Price Performance, Valuation & Estimates Shares of COP have lost 16.3% over the past year compared with the 19.1% decline of the composite stocks belonging to the industry. From a valuation standpoint, COP trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 5.17X. This is below the broader industry average of 11.07X. The Zacks Consensus Estimate for COP's 2025 earnings has been revised upward over the past seven days. COP stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report EOG Resources, Inc. (EOG): Free Stock Analysis Report
