ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: conocophillips.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/17/2025 | $125.00 | Buy | TD Cowen |
12/16/2024 | $128.00 | Overweight | Morgan Stanley |
12/16/2024 | $132.00 → $134.00 | Neutral → Outperform | Mizuho |
12/6/2024 | $165.00 | Outperform | Evercore ISI |
12/5/2024 | $120.00 → $123.00 | Neutral → Overweight | Analyst |
7/18/2024 | $145.00 | Outperform | Wolfe Research |
6/14/2024 | $147.00 | Buy | BofA Securities |
4/10/2024 | $158.00 | Overweight | Barclays |
12/14/2023 | Accumulate → Hold | Johnson Rice | |
11/14/2023 | $135.00 | Accumulate | Johnson Rice |
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ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, Feb. 6, 2025, at 12:00 p.m. Eastern time to discuss fourth-quarter 2024 financial and operating results as well as 2025 guidance items. The company's financial and operating results will be released before the market opens on Feb. 6. The accounting close date for the recently acquired Marathon Oil will be Dec. 1, 2024. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available f
ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of its previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tendered their Maximum Offer Notes (as defined below) as of the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to approximately $4.04 billion (an amount sufficient to accept for purchase all Maximum Offer Notes with Acceptance Priority
ConocoPhillips (NYSE:COP) ("COP") today announced that, in connection with the previously announced offers to eligible holders to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Marathon Oil Corporation ("Marathon") as set forth in the table below (the "Existing Marathon Notes") for up to $4,000,000,000 aggregate principal amount of new notes issued by ConocoPhillips Company ("CPCo") and fully and unconditionally guaranteed by COP (the "New Notes"), and related consent solicitations by Marathon (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt certain proposed amendments to each of th
ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo"). In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount (as defined below) from $4,000,000,000 (as previously announced) to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 (as set forth in the second table below) in full, in accordance with the terms of the Offer to Purchase (as defined below). Pursuant to the Offers, CPCo is offering to purchase: (1) any and all
ConocoPhillips (NYSE:COP) ("COP") announced today that ConocoPhillips Company ("CPCo" or the "Company"), a wholly-owned subsidiary of COP, has commenced cash tender offers (the "Offers") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tender their Maximum Offer Notes (as defined below) on or prior to the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to $4,000,000,000 (as it may be increased or decreased by the Company in accordance with applicable law and the Offer to Purchase (as defined below), the "Maxim
ConocoPhillips (NYSE:COP) ("COP") today announced that, in connection with the acquisition of Marathon Oil Corporation ("Marathon") (NYSE:MRO) by ConocoPhillips, ConocoPhillips Company ("CPCo" or the "Company") has commenced offers to eligible holders to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Marathon as set forth in the table below (the "Existing Marathon Notes") for up to $4,000,000,000 aggregate principal amount of new notes issued by CPCo and fully and unconditionally guaranteed by COP (the "New Notes"). The following table sets forth the Exchange Consideration and Total Exchange Consideration for each series
ConocoPhillips (NYSE:COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE:MRO). "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months." In accordance with the terms of the merger agreement, each share of Marathon Oil
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78. Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion. Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion. ConocoPhillips (NYSE:COP) today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1 billion, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6 billion, o
ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, Oct. 31, 2024, at 12:00 p.m. Eastern time to discuss third-quarter 2024 financial and operating results. The company's financial and operating results will be released before the market opens on Oct. 31. To access the webcast, visit ConocoPhillips' Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips ConocoPhilli
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ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, Feb. 6, 2025, at 12:00 p.m. Eastern time to discuss fourth-quarter 2024 financial and operating results as well as 2025 guidance items. The company's financial and operating results will be released before the market opens on Feb. 6. The accounting close date for the recently acquired Marathon Oil will be Dec. 1, 2024. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available f
ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of its previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tendered their Maximum Offer Notes (as defined below) as of the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to approximately $4.04 billion (an amount sufficient to accept for purchase all Maximum Offer Notes with Acceptance Priority
ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo"). In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount (as defined below) from $4,000,000,000 (as previously announced) to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 (as set forth in the second table below) in full, in accordance with the terms of the Offer to Purchase (as defined below). Pursuant to the Offers, CPCo is offering to purchase: (1) any and all
ConocoPhillips (NYSE:COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE:MRO). "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months." In accordance with the terms of the merger agreement, each share of Marathon Oil
Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78. Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion. Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion. ConocoPhillips (NYSE:COP) today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1 billion, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6 billion, o
ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, Oct. 31, 2024, at 12:00 p.m. Eastern time to discuss third-quarter 2024 financial and operating results. The company's financial and operating results will be released before the market opens on Oct. 31. To access the webcast, visit ConocoPhillips' Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips ConocoPhilli
Reported second-quarter 2024 earnings per share and adjusted earnings per share of $1.98. Generated cash provided by operating activities of $4.9 billion and cash from operations (CFO) of $5.1 billion. Declared ordinary dividend of $0.58 per share and variable return of cash (VROC) of $0.20 per share payable in the third quarter. ConocoPhillips (NYSE:COP) today reported second-quarter 2024 earnings and adjusted earnings of $2.3 billion, or $1.98 per share, compared with second-quarter 2023 earnings and adjusted earnings of $2.2 billion, or $1.84 per share. "In the second quarter, we continued to deliver on our returns-focused value proposition, achieving record production and ad
ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, Aug. 1, 2024, at 12:00 p.m. Eastern time to discuss second-quarter 2024 financial and operating results. The company's financial and operating results will be released before the market opens on Aug. 1. To access the webcast, visit ConocoPhillips' Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips ConocoPhi
Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share. ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction. Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices. ConocoPhillips (NYSE:COP) and M
Reported first-quarter 2024 earnings per share of $2.15 and adjusted earnings per share of $2.03. Generated cash provided by operating activities of $5.0 billion and cash from operations (CFO) of $5.1 billion. Declared ordinary dividend of $0.58 per share and variable return of cash (VROC) of $0.20 per share payable in the second quarter. ConocoPhillips (NYSE:COP) today reported first-quarter 2024 earnings of $2.6 billion, or $2.15 per share, compared with first-quarter 2023 earnings of $2.9 billion, or $2.38 per share. Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 bil
TD Cowen initiated coverage of ConocoPhillips with a rating of Buy and set a new price target of $125.00
Morgan Stanley initiated coverage of ConocoPhillips with a rating of Overweight and set a new price target of $128.00
Mizuho upgraded ConocoPhillips from Neutral to Outperform and set a new price target of $134.00 from $132.00 previously
Evercore ISI resumed coverage of ConocoPhillips with a rating of Outperform and set a new price target of $165.00
Analyst upgraded ConocoPhillips from Neutral to Overweight and set a new price target of $123.00 from $120.00 previously
Wolfe Research resumed coverage of ConocoPhillips with a rating of Outperform and set a new price target of $145.00
BofA Securities resumed coverage of ConocoPhillips with a rating of Buy and set a new price target of $147.00
Barclays initiated coverage of ConocoPhillips with a rating of Overweight and set a new price target of $158.00
Johnson Rice downgraded ConocoPhillips from Accumulate to Hold
Johnson Rice initiated coverage of ConocoPhillips with a rating of Accumulate and set a new price target of $135.00
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NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove Holdings, Ms. Connors served as president and chief executive officer of Atkore International Group, Inc., from 2008 to 2010 while Atkore was a division of Tyco International, and from 2010 to 2011 following Atkore's spin-off as a sepa
SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi
ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Mr. Dennis V. Arriola to serve as a board member. Mr. Arriola has spent more than 28 years in the energy sector, most recently serving as chief executive officer of Avangrid, Inc. Prior to joining Avangrid, Mr. Arriola served as executive vice president and group president and chief sustainability officer at Sempra Energy. Throughout his career, Mr. Arriola has served in a broad range of leadership positions in gas and electric utilities as well as renewables, including as chairman, president and chief executive officer of Southern California Gas Co., senior vice president and chief financial officer of both
OKLAHOMA CITY, Jan. 25, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake") today announced that Josh Viets has been appointed Executive Vice President and Chief Operating Officer, effective February 1, 2022. "Josh has been at the forefront of how our industry is evolving for the future, and I am excited to welcome him to the Chesapeake team," said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. "As we refocus our portfolio around our strongest assets, Josh's demonstrated operational leadership, technical ability, and diverse expe
Brigham Minerals, Inc. (NYSE:MNRL) ("Brigham Minerals," "Brigham," or the "Company"), a leading mineral and royalty interest acquisition company, today announced that based on the recommendation of the Nominating & Governance Committee and the unanimous approval of the Board of Directors, the Company has appointed two independent directors, Gayle Burleson and Stacy Hock, to the Company's Board effective immediately. In addition, Howard Keenan has concurrently announced his resignation from the Board of Directors. With the appointment of Ms. Burleson and Ms. Hock concurrent with the resignation of Mr. Keenan, the Board of Directors will have nine members. Robert M. ("Rob") Roosa, Chief Exec
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that Frances M. Vallejo has been appointed to serve on the Board of Directors of its general partner. Ms. Vallejo brings more than 30 years of experience in energy and finance. From 1987 to 2016, Ms. Vallejo held numerous leadership positions at ConocoPhillips (NYSE:COP), one of the world’s largest independent exploration and production companies, including vice president of corporate planning and development, and vice president and treasurer. She also held other geophysical, commercial and finance roles during this period. She served as a member of the Board of Trustees of Colorado
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors. We expect the company to deliver differential performance on three key manda
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