Many companies are taking risks in the current market and being rewarded for them. Whether striking unconventional partnerships, acquiring a competitor, or breaking up their business, many companies are surprising analysts and investors with bold moves aimed at revitalizing their business and securing their future. For investors, opportunities for stocks to buy can be found in companies that are taking risks and forging their own path. Markets regularly gyrate on surprise news about a company and the offbea ...

In the latest market close, ConocoPhillips (COP) reached $110.89, with a -1.16% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq added 0.34%. Prior to today's trading, shares of the energy company had lost 7.05% over the past month. This has lagged the Oils-Energy sector's loss of 4.97% and the S&P 500's gain of 3.96% in that time. Analysts and investors alike will be keeping a close eye o ...

ConocoPhillips (COP) closed the most recent trading day at $112, moving -0.18% from the previous trading session. This change lagged the S&P 500's daily loss of 0.11%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.23%. Coming into today, shares of the energy company had lost 9.07% in the past month. In that same time, the Oils- Energy sector lost 2.95%, while the S&P 500 gained 3.51%. The upcoming earnings release of ConocoPhillips will be of great interest to investors. The company ...

Investors aiming for diversification can capitalize on the energy sector’s potential by adding oil stocks to their portfolios. In early June, the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025. Despite the OPEC+ cuts and heightened Middle East tensions, global oil prices have declined nearly 10% since hitting a five-month high in early April. This was driven by record U.S. oil output and ...

A view of a Marathon gas station in Baltimore, Maryland on May 29, 2024. US energy giant ... [+] ConocoPhillips announced on May 29 that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images ConocoPhillips ConocoPhillips announced plans to acquire Marathon Oil Marathon Oil Corporat ...

Here's why the oil and gas company is a buy after today's price drop. Shares of ConocoPhillips (COP -3.94%) tumbled this morning and were trading 3.5% lower as of 11:30 a.m. ET on Wednesday. With several of its peers on a buying spree in recent months, today's big announcement from ConocoPhillips shouldn't have surprised investors. The oil and gas company is acquiring a peer in a multibillion-dollar deal and expects the acquisition to create long-term value for shareholders. ConocoPhillips will acquire Mara ...

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on ... [+] March 19, 2024. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images) AFP via Getty Images Some of us are old enough to remember when Conoco, Phillips Petroleum, and Marathon were three separate companies, all of which were fully integrated majors. Conoco and Phillips, both originally based in Oklahoma, merged in 2002 to become ConocoPhillips. Ten years later, in 2012, ConocoPhillips ...

Another big M&A announcement in the oil patch is making news after ConocoPhillips (COP) said it will buy Marathon Oil (MRO) for $17.1 billion in stock. The deal includes $5.4 billion in debt, bringing the enterprise value of the transaction to approximately $22.5 billion. The purchase price represents a roughly 15% premium to Marathon stock's May 28 close at $26.45, sending its share price up by more than 9% Wednesday. COP stock, meanwhile, is down about 3%. Under the agreement, Marathon shareholders will r ...

Key Takeaways Marathon Oil stock is surging Wednesday following the announcement that ConocoPhillips will acquire it for $22.5 billion including debt. Marathon shareholders will receive 0.255 shares of ConocoPhillips for each share of Marathon they own, with the deal expected to close in the fourth quarter of 2024. ConocoPhillips is also raising its dividend starting in the fourth quarter, and plans to boost its buyback program once the acquisition closes. Marathon Oil (MRO) stock jumped at the opening bell ...

Once again, the price of West Texas Intermediate (WTI) crude oil has surpassed the $80 per barrel threshold and is likely to remain robust this year. According to projections by the U.S. Energy Information Administration (“EIA”), WTI oil is expected to average $83.05 per barrel in 2024, a notable increase from last year's $77.58. Contributing to the strength of commodity prices are voluntary production cuts from the OPEC+ group and ongoing geopolitical tensions. While crude prices remain favorable, the like ...