ConocoPhillips  COP is set to release earnings results for its second quarter, before the opening bell on Aug. 1, 2024.Analysts expect the Houston, Texas-based company to report quarterly earnings at $1.96 per share, up from $1.84 per share in the year-ago period. ConocoPhillips is projected to report quarterly revenue of $14.92 billion, according to data from Benzinga Pro.ConocoPhillips and Marathon Oil Corporation MRO recently received a Second Request from the Federal Trade Commission (FTC) to extend the ...

alvarez/E+ via Getty Images ConocoPhillips (NYSE:COP) stock is -4.3% during the past year and has significantly underperformed both the S&P 500 (+19.5%) and The Energy Select Sector SPDR Fund ETF (XLE), which is +5.4%. In Q1, COP's earnings of $2.03/share were down $0.35/share from the year earlier period. That was primarily due to lower average realized pricing ($56.60/boe vs. $60.86/boe) as Henry Hub natural gas realizations dropped from $2.92/Mcf to $1.57/Mcf. And domestic natural gas pricing continues t ...

Oil stocks, though powerfully relevant even in the age of new-energy vehicles, have presented a difficult narrative. With the rise of electric vehicles, consumers actually have choices now that extend beyond the hydrocarbon paradigm. Also, scientific concerns such as climate change have impacted the ideological discourse. Nevertheless, a possible pivot in the political realm may invigorate fossil fuels.At the beginning of last week, President Joe Biden shocked the nation – indeed the world – by announcing t ...

文章核心观点 - ConocoPhillips即将于2024年8月1日公布第二季度财报 [1][2] - 第二季度预计每股收益为2.06美元,同比增长约12% [2] - 第二季度预计收入为151亿美元,同比增长约17% [2] 公司表现 - ConocoPhillips过去4个季度中有3个季度超出市场预期,平均超出幅度为4.53% [4] - 公司第二季度业绩预计不会超出市场预期,因为其收益预测值低于市场预期 [5][6] 行业环境 - 第二季度WTI原油价格较高,有利于ConocoPhillips的勘探和生产活动 [7] - 公司预计第二季度总日产量同比增长6.8%,其中下游48州地区日产量同比增长8.3% [8] 估值分析 - 过去一年公司股价下跌3.2%,而行业整体上涨7.6% [9] - 公司当前市值/EBITDA估值为5.66,高于行业平均水平3.19,显得相对较贵 [10][11] 并购动态 - 公司5月29日完成以全股票方式收购Marathon Oil,溢价14.7% [13][14] - 收购带来的债务负担和溢价引发了投资者的担忧,导致股价下跌 [15] 行业风险 - 公司专注于勘探和生产,容易受到油价波动的影响,相比多元化的大型石油公司更容易受到经济周期的影响 [16] 投资建议 - 公司长期前景看好,但目前估值较高,投资者可以等待更好的入场时机 [17]

The energy sector is one which is bound to grow over the next few years, meaning there are a good few energy stocks to buy now for the coming surge. We have tremendous needs, and these needs are only growing as we gain more and more electric technology. The influx of electronic vehicles, crypto-mining, and more powerful AI-based generative software has led to a spike in energy consumption.In fact, ChatGPT alone uses more than 17,000 times the energy usage of the average American home every day. We can see t ...

ConocoPhillips (COP) , a U.S.-based exploration and production company, has received the support of the High Court of Trinidad and Tobago regarding an arbitration claim worth $1.3 billion against Venezuela over its expropriated assets. The claim was originally made in late May 2024. The Trinidad and Tobago High Court has upheld its previous decision, which may potentially freeze the country’s payments to Venezuela over joint natural gas projects.The court ruling allows ConocoPhillips to enforce a $1.33 bill ...

The latest trading session saw ConocoPhillips (COP) ending at $116.61, denoting a +0.46% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.78% for the day. Meanwhile, the Dow experienced a drop of 1.29%, and the technology-dominated Nasdaq saw a decrease of 0.7%.Prior to today's trading, shares of the energy company had gained 6.1% over the past month. This has outpaced the Oils-Energy sector's loss of 7.83% and the S&P 500's gain of 2.14% in that time.Market ...

ConocoPhillips (COP) , a U.S.-based exploration and production player, has received a second request from the U.S. Federal Trade Commission (“FTC”) for further information on its proposed merger with Marathon Oil Corporation (MRO) . ConocoPhillips had announced the acquisition in May 2024 in an all-stock transaction worth $22.5 billion. Per COP’s statement, both companies received the FTC request and are jointly working with the regulatory body to review the details of the proposed merger.Marathon sharehold ...

Key TakeawaysConocoPhillips and Marathon Oil received a second request for information from the Federal Trade Commission on Thursday.In May, ConocoPhillips announced a proposed $22.5 billion deal to acquire Marathon Oil.The companies say they still expect the deal to close in the fourth quarter. ConocoPhillips’ (COP) planned $22.5 billion acquisition of Marathon Oil (MRO) has again drawn questions from the Federal Trade Commission (FTC). The oil producer said Friday in a regulatory filing that both compani ...

The price of West Texas Intermediate (WTI) crude oil is trading at more than the $80 per barrel mark and is likely to remain strong this year. The U.S. Energy Information Administration (“EIA”) projects WTI oil to average $82.03 per barrel in 2024, a notable increase from last year's $77.58. EIA noted that ongoing reductions in global oil stockpiles are expected to continue pushing commodity prices upward.While crude prices stay favorable, the likelihood of the commodity reaching $100 per barrel, as seen in ...