2 months ago
Chevron Corporation (NYSE:CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil rigs it operates in the country as part of its five-year plan to increase output.
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
2 months ago
Oil futures have been rising, but recently hit a peak. ConocoPhillips (COP) reported strong Q2 earnings on Aug. 6, and COP stock may be fairly valued. However, shorting COP puts and vertical put credit spreads are attractive alternatives for value investors.
COP closed at $137.35 on Friday, Sept. 11, a recent three-, six-, and 12-month peak. That followed WTI Oct. futures contract (CLV26) spiking above $104 late Thursday, Sept. 10.
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The market clearly believes that Conoco's Q3 earnings and cash flow will be strong, given how high oil and gas prices have been this quarter. Barchart's CLV26 chart below shows the recent peak in oil futures.
Oil has been rising due to ongoing tensions and kinetic action between the U.S. and Iran, as well as in other areas in the Middle East where oil is transported.
#sept
COP closed at $137.35 on Friday, Sept. 11, a recent three-, six-, and 12-month peak. That followed WTI Oct. futures contract (CLV26) spiking above $104 late Thursday, Sept. 10.
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The market clearly believes that Conoco's Q3 earnings and cash flow will be strong, given how high oil and gas prices have been this quarter. Barchart's CLV26 chart below shows the recent peak in oil futures.
Oil has been rising due to ongoing tensions and kinetic action between the U.S. and Iran, as well as in other areas in the Middle East where oil is transported.
#sept
2 months ago
Cramer called CVX a steal above $200 after Chevron's downstream earnings surged from $737 million to $4.87 billion year over year.
Chevron's P/E of 34 runs richer than Exxon's 23, while ConocoPhillips offers more crude upside, up 49% year to date.
A 20-year Microsoft power deal and Hess synergies running 50% above target give Chevron cash flows insulated from crude swings.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Jim Cramer opened Squawk on the Street on the first trading day of September with a market backdrop he described in blunt terms. Two ships had been fired on in the Strait of Hormuz, Treasury yields were pushing higher across the curve, and diesel prices were climbing amid a supply picture already strained by Ukrainian strikes on Russian refining capacity and U.S. refiners operating near full utilization. Cramer called the combination "unholy" and said the AI trade had gone nowhere for about a year. Then he offered a single actionable idea.
#above
Chevron's P/E of 34 runs richer than Exxon's 23, while ConocoPhillips offers more crude upside, up 49% year to date.
A 20-year Microsoft power deal and Hess synergies running 50% above target give Chevron cash flows insulated from crude swings.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Jim Cramer opened Squawk on the Street on the first trading day of September with a market backdrop he described in blunt terms. Two ships had been fired on in the Strait of Hormuz, Treasury yields were pushing higher across the curve, and diesel prices were climbing amid a supply picture already strained by Ukrainian strikes on Russian refining capacity and U.S. refiners operating near full utilization. Cramer called the combination "unholy" and said the AI trade had gone nowhere for about a year. Then he offered a single actionable idea.
#above
2 months ago
With a market cap of $159.2 billion, ConocoPhillips (COP) is a leading global energy company primarily engaged in the exploration, production, transportation, and marketing of oil and natural gas. With a strong portfolio spanning conventional and unconventional plays, oil sands, and LNG developments, the company operates across North America, Europe, Asia, and Australia.
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and ConocoPhillips fits this criterion perfectly. Headquartered in Houston, Texas, ConocoPhillips is recognized as the world's largest independent exploration and production company by proved reserves and production.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
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#dear
Companies valued at more than $10 billion are generally considered "large-cap" stocks, and ConocoPhillips fits this criterion perfectly. Headquartered in Houston, Texas, ConocoPhillips is recognized as the world's largest independent exploration and production company by proved reserves and production.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Bill Gates Says 'We Need Time to Prepare' for an Economic Upheaval — Especially the $20-an-Hour Workers Being Replaced by $10-an-Hour Robots
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
#dear
2 months ago
ConocoPhillips stock (COP) is just off a three-month peak. That makes selling COP covered calls with a one-month expiry attractive to shareholders. Here's an example: the $140 call expiring Sept. 25 yields 1.75%.
COP closed at $133.25 on Monday, Aug. 24, down just over 1%. It's down from a 3-month peak of $134.89 on Aug. 20. That's well over a recent trough of $115.04 on Aug. 5.
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#down #conocophillips #Monday
COP closed at $133.25 on Monday, Aug. 24, down just over 1%. It's down from a 3-month peak of $134.89 on Aug. 20. That's well over a recent trough of $115.04 on Aug. 5.
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Why the China-Led Weakness in NXP Semiconductors Stock Could Open Doors for Speculators
#down #conocophillips #Monday
2 months ago
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven't returned to operating oilfields in the world's largest oil reserves holder.
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
Chevron, which has operated in Venezuela throughout Maduro's reign, is extracting and exporting oil to the U.S., but neither ExxonMobil nor ConocoPhillips have returned as negotiations led by Venezuela's state oil firm PDVSA are not progressing as fast as the U.S. Administration probably thought in January when it extracted Maduro and hailed the big U.S. return to Venezuela's oil industry.
There have been some deals signed in recent months, with service providers and smaller American oil companies, which seem more willing to take the risks of operating in the country, which has yet to see a stable political and fiscal environment for large-scale operations.
Earlier this month, Venezuela signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, the country's oil minister, Paula Henao, said.
Related: The 60 Day Peace Window Closed, and Trump's Iran Strategy May Shift Dramatically
#operating #service
2 months ago
ConocoPhillips (NYSE:COP) picked a good week to hand over the keys. On August 6, the company said that CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien stepping in on September 1, right when ConocoPhillips had its best quarterly results since 2022. Adjusted profit came in at $3.24 a share, well ahead of the $2.88 Wall Street expected, and revenue jumped 32.4% to $19.5 billion.
ConocoPhillips (NYSE:COP) pulled off that strong quarter even as production slipped nearly 6% to 2.25 million barrels of oil equivalent per day, leaning instead on a 36% jump in realized prices to carry the results. O'Brien, a nearly 30-year company veteran, inherits a $7 billion free cash flow growth pledge through 2029 that depends heavily on finishing the pricey Willow oil project in Alaska. It is a project whose price tag has already climbed to $9 billion.
One of the company's rivals, Exxon Mobil Corporation (NYSE:XOM) told a different story the week before. On July 31, the firm posted its biggest quarterly profit in four years at $14.7 billion, up 67% from the first quarter. It still came up short of the $3.60-per-share estimate with adjusted earnings of $3.52. Its shares fell 1% on the news.
So why did ConocoPhillips's win move the stock while Exxon's four-year-high profit left investors cold?
Oil platform
#quarterly
ConocoPhillips (NYSE:COP) pulled off that strong quarter even as production slipped nearly 6% to 2.25 million barrels of oil equivalent per day, leaning instead on a 36% jump in realized prices to carry the results. O'Brien, a nearly 30-year company veteran, inherits a $7 billion free cash flow growth pledge through 2029 that depends heavily on finishing the pricey Willow oil project in Alaska. It is a project whose price tag has already climbed to $9 billion.
One of the company's rivals, Exxon Mobil Corporation (NYSE:XOM) told a different story the week before. On July 31, the firm posted its biggest quarterly profit in four years at $14.7 billion, up 67% from the first quarter. It still came up short of the $3.60-per-share estimate with adjusted earnings of $3.52. Its shares fell 1% on the news.
So why did ConocoPhillips's win move the stock while Exxon's four-year-high profit left investors cold?
Oil platform
#quarterly
3 months ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment **** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On August 18, 2026, ConocoPhillips (NYSE:COP) closed at $129.72 per share. The one-month return of ConocoPhillips (NYSE:COP) was 9.20% and its shares gained 36.71% over the past 52 weeks. ConocoPhillips (NYSE:COP) has a market capitalization of $155.84 billion.
Eagle Capital Management stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and **** et bases that are well-positioned on the global cost curve.
ConocoPhillips (NYSE:COP), the largest U.S. pure-play upstream oil producer, has low-cost, long-lived inventory that we believe is underappreciated relative to peers. In the coming years, its free cash flow should inflect higher as the Willow project in Alaska comes online and transitions from a cash drag to a cash generator. We see the oil market as reasonably balanced, but risks may skew to the upside over the next couple of years as the world manages shortages from the Strait of Hormuz, and the path to its full and enduring reopening remains murky. We expect EPS growth in the mid-teens over the next several years."
#capital #eagle
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On August 18, 2026, ConocoPhillips (NYSE:COP) closed at $129.72 per share. The one-month return of ConocoPhillips (NYSE:COP) was 9.20% and its shares gained 36.71% over the past 52 weeks. ConocoPhillips (NYSE:COP) has a market capitalization of $155.84 billion.
Eagle Capital Management stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and **** et bases that are well-positioned on the global cost curve.
ConocoPhillips (NYSE:COP), the largest U.S. pure-play upstream oil producer, has low-cost, long-lived inventory that we believe is underappreciated relative to peers. In the coming years, its free cash flow should inflect higher as the Willow project in Alaska comes online and transitions from a cash drag to a cash generator. We see the oil market as reasonably balanced, but risks may skew to the upside over the next couple of years as the world manages shortages from the Strait of Hormuz, and the path to its full and enduring reopening remains murky. We expect EPS growth in the mid-teens over the next several years."
#capital #eagle
3 months ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On August 18, 2026, ConocoPhillips (NYSE:COP) closed at $129.72 per share. The one-month return of ConocoPhillips (NYSE:COP) was 9.20% and its shares gained 36.71% over the past 52 weeks. ConocoPhillips (NYSE:COP) has a market capitalization of $155.84 billion.
Eagle Capital Management stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and ****** et bases that are well-positioned on the global cost curve.
ConocoPhillips (NYSE:COP), the largest U.S. pure-play upstream oil producer, has low-cost, long-lived inventory that we believe is underappreciated relative to peers. In the coming years, its free cash flow should inflect higher as the Willow project in Alaska comes online and transitions from a cash drag to a cash generator. We see the oil market as reasonably balanced, but risks may skew to the upside over the next couple of years as the world manages shortages from the Strait of Hormuz, and the path to its full and enduring reopening remains murky. We expect EPS growth in the mid-teens over the next several years."
#NYSE #eagle
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On August 18, 2026, ConocoPhillips (NYSE:COP) closed at $129.72 per share. The one-month return of ConocoPhillips (NYSE:COP) was 9.20% and its shares gained 36.71% over the past 52 weeks. ConocoPhillips (NYSE:COP) has a market capitalization of $155.84 billion.
Eagle Capital Management stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and ****** et bases that are well-positioned on the global cost curve.
ConocoPhillips (NYSE:COP), the largest U.S. pure-play upstream oil producer, has low-cost, long-lived inventory that we believe is underappreciated relative to peers. In the coming years, its free cash flow should inflect higher as the Willow project in Alaska comes online and transitions from a cash drag to a cash generator. We see the oil market as reasonably balanced, but risks may skew to the upside over the next couple of years as the world manages shortages from the Strait of Hormuz, and the path to its full and enduring reopening remains murky. We expect EPS growth in the mid-teens over the next several years."
#NYSE #eagle
3 months ago
Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ***** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted EQT Corporation (NYSE:EQT). EQT Corporation (NYSE:EQT) engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. On August 19, 2026, EQT Corporation (NYSE:EQT) closed at $53.64 per share. One-month return of EQT Corporation (NYSE:EQT) was 0.47% and its shares gained 3.05% over the past 52 weeks. EQT Corporation (NYSE:EQT) has a market capitalization of $33.55 billion with a 52-week trading range between $47.94 - $68.24.
Eagle Capital Management stated the following regarding EQT Corporation (NYSE:EQT) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and ***** et bases that are well-positioned on the global cost curve. EQT Corporation (NYSE:EQT) is the largest U.S. pure-play natural gas producer. Like ConocoPhillips, it has low-cost, long-lived ***** ets and management with an excellent track record allocating capital. Its position in the Marcellus shale and internally owned pipeline ***** ets give it a distinctive position compared to most peers. It earns good margins even when prices are low. In the coming years, as LNG export capacity is added and U.S. electricity demand increases due to data center buildouts, we think supply and demand are likely to tighten. Combined with moderate production growth and a large free cash flow yield, it offers good EPS growth and attractive skew. We expect EPS growth in the mid-teens over the next several years."
#letter
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted EQT Corporation (NYSE:EQT). EQT Corporation (NYSE:EQT) engages in the exploration, production, gathering, and transmission of hydrocarbons and natural gas. On August 19, 2026, EQT Corporation (NYSE:EQT) closed at $53.64 per share. One-month return of EQT Corporation (NYSE:EQT) was 0.47% and its shares gained 3.05% over the past 52 weeks. EQT Corporation (NYSE:EQT) has a market capitalization of $33.55 billion with a 52-week trading range between $47.94 - $68.24.
Eagle Capital Management stated the following regarding EQT Corporation (NYSE:EQT) in its Q2 2026 investor letter:
"The energy & metals companies we own benefit from favorable multiyear supply/demand outlooks, management teams that are good capital allocators, and ***** et bases that are well-positioned on the global cost curve. EQT Corporation (NYSE:EQT) is the largest U.S. pure-play natural gas producer. Like ConocoPhillips, it has low-cost, long-lived ***** ets and management with an excellent track record allocating capital. Its position in the Marcellus shale and internally owned pipeline ***** ets give it a distinctive position compared to most peers. It earns good margins even when prices are low. In the coming years, as LNG export capacity is added and U.S. electricity demand increases due to data center buildouts, we think supply and demand are likely to tighten. Combined with moderate production growth and a large free cash flow yield, it offers good EPS growth and attractive skew. We expect EPS growth in the mid-teens over the next several years."
#letter
3 months ago
Earnings continue to roll in, driving the stock market to new highs.
The latest reports from Datadog (DDOG), AMD (AMD), Sandisk (SNDK), and Western Digital (WDC) suggest some profit-taking on Wall Street, as robust earnings and raised guidance haven't been enough to stanch post-earnings sell-offs after those stocks made huge gains so far this year.
On Thursday, ConocoPhillips (COP), Constellation Energy (CEG), Airbnb (ABNB), DraftKings (DKNG), and Celsius Holdings (CELH) also report.
Overall, it's shaping up to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, ******* ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 47.5% — surging past the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive quarter of earnings growth above 20% for the index and the seventh straight quarter of double-digit growth.
#second
The latest reports from Datadog (DDOG), AMD (AMD), Sandisk (SNDK), and Western Digital (WDC) suggest some profit-taking on Wall Street, as robust earnings and raised guidance haven't been enough to stanch post-earnings sell-offs after those stocks made huge gains so far this year.
On Thursday, ConocoPhillips (COP), Constellation Energy (CEG), Airbnb (ABNB), DraftKings (DKNG), and Celsius Holdings (CELH) also report.
Overall, it's shaping up to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, ******* ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 47.5% — surging past the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive quarter of earnings growth above 20% for the index and the seventh straight quarter of double-digit growth.
#second
3 months ago
ConocoPhillips (COP), headquartered in Houston, Texas, explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. With a market cap of $145.2 billion, the company focuses entirely on finding and extracting these resources worldwide, processing them into energy products, and supplying them to refineries and industrial customers across global markets.
Shares of this oil giant have outperformed the broader market over the past year. COP has gained 26.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.8%. In 2026, COP stock is up 25.7%, surpassing the SPX's 11% rise on a YTD basis.
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#market
Shares of this oil giant have outperformed the broader market over the past year. COP has gained 26.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.8%. In 2026, COP stock is up 25.7%, surpassing the SPX's 11% rise on a YTD basis.
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#market
4 months ago
Houston, Texas-based ConocoPhillips (COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. The company has a market cap of $140.9 billion and is expected to release its Q2 2026 earnings on Thursday, Aug. 6, before the market opens.
Ahead of the event, ******* ysts expect the company's EPS to be $2.96 on a diluted basis, up 108.5% from $1.42 in the year-ago quarter. The company has met or exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
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#natural #Intel
Ahead of the event, ******* ysts expect the company's EPS to be $2.96 on a diluted basis, up 108.5% from $1.42 in the year-ago quarter. The company has met or exceeded Wall Street's EPS estimates in three of its last four quarters, while missing on one occasion.
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#natural #Intel
4 months ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ******* umes it's renewable energy's fault…it isn't, not directly, at least. ******* ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
4 months ago
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is cutting 20 to 25 percent. Imperial Oil is cutting a fifth of its people and shutting its Calgary office entirely. And in June, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June the Bureau of Labor Statistics has on record, beaten only by the pandemic bottom of 2021.
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
Production didn't fall; it's near record highs…but the jobs are disappearing anyway.
And before anyone ****** umes it's renewable energy's fault…it isn't, not directly, at least. ****** ody at Chevron got a pink slip because a wind farm opened next door. Automation, mergers, and a decade of investors who'd rather see returns than growth did this.
Ten Years, 72,800 Fewer Jobs
Back in January 2016, extraction employment topped out at 187,300, right before the price crash gutted the sector…
4 months ago
Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark Fund". A copy of the letter can be downloaded here. The objective of the fund is to deliver capital appreciation by investing in a diverse set of large-cap US companies. In the quarter, the Fund (investor class) underperformed the S&P 500 Index, returning 2.45% vs. 15.20% for the index. The industrials and financials contributed to performance at the sector level, while information technology and energy detracted. Investing in AI-benefited enterprises kept market leadership narrow during the quarter. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Oakmark Fund highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) is a US-based energy company that produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On July 13, 2026, ConocoPhillips (NYSE:COP) closed at $112.85 per share, reflecting a market capitalization of $137.48 billion. ConocoPhillips (NYSE:COP) posted a one-month return of 1.36%, while its shares gained 21.93% over the past 52 weeks.
Oakmark Fund stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor update:
"ConocoPhillips (NYSE:COP) was the top detractor during the quarter. The U.S.-headquartered oil and gas exploration and production company's stock declined as crude prices, which had risen on Middle East disruptions, eased. Positively, the company's underlying fundamentals continue to track our expectations. We value management's focus on shareholder returns and see a long runway for growth from the company's geographically diverse and inventory-deep energy portfolio."
ConocoPhillips (NYSE:COP) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 74 hedge fund portfolios held ConocoPhillips (NYSE:COP) at the end of the first quarter, up from 65 in the previous quarter. While we acknowledge the potential of ConocoPhillips (NYSE:COP) 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.
In its Q2 2026 investor letter, Oakmark Fund highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) is a US-based energy company that produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On July 13, 2026, ConocoPhillips (NYSE:COP) closed at $112.85 per share, reflecting a market capitalization of $137.48 billion. ConocoPhillips (NYSE:COP) posted a one-month return of 1.36%, while its shares gained 21.93% over the past 52 weeks.
Oakmark Fund stated the following regarding ConocoPhillips (NYSE:COP) in its Q2 2026 investor update:
"ConocoPhillips (NYSE:COP) was the top detractor during the quarter. The U.S.-headquartered oil and gas exploration and production company's stock declined as crude prices, which had risen on Middle East disruptions, eased. Positively, the company's underlying fundamentals continue to track our expectations. We value management's focus on shareholder returns and see a long runway for growth from the company's geographically diverse and inventory-deep energy portfolio."
ConocoPhillips (NYSE:COP) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 74 hedge fund portfolios held ConocoPhillips (NYSE:COP) at the end of the first quarter, up from 65 in the previous quarter. While we acknowledge the potential of ConocoPhillips (NYSE:COP) 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.
4 months ago
With an average upside potential of 40.15% according to Wall Street ****** ysts, ConocoPhillips (NYSE:COP) is included among the 10 Most Promising Energy Stocks to Buy Now.
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves.
On June 29, Morgan Stanley lowered its price objective on ConocoPhillips (NYSE:COP) from $153 to $146, but reiterated an 'Overweight' rating on the shares. The revised target still implies an upside of almost 41% from the current levels.
The move comes after Morgan Stanley adjusted its estimates to reflect the latest energy prices. The WTI crude price has fallen by over 60% from its recent highs and is now hovering close to its pre-conflict levels following the US-Iran MoU on June 14.
In contrast, earlier on June 22, Roth Capital instead turned more bullish on ConocoPhillips (NYSE:COP) and upgraded the stock from 'Neutral' to 'Buy', while also raising its price target on the shares by $6 (read more details here).
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves.
On June 29, Morgan Stanley lowered its price objective on ConocoPhillips (NYSE:COP) from $153 to $146, but reiterated an 'Overweight' rating on the shares. The revised target still implies an upside of almost 41% from the current levels.
The move comes after Morgan Stanley adjusted its estimates to reflect the latest energy prices. The WTI crude price has fallen by over 60% from its recent highs and is now hovering close to its pre-conflict levels following the US-Iran MoU on June 14.
In contrast, earlier on June 22, Roth Capital instead turned more bullish on ConocoPhillips (NYSE:COP) and upgraded the stock from 'Neutral' to 'Buy', while also raising its price target on the shares by $6 (read more details here).
4 months ago
Phillips 66 (PSX) is a U.S. downstream energy company engaged in refining, midstream operations, chemicals, renewable fuels, and marketing and specialty businesses. Formed in 2012 following the spin-off from ConocoPhillips, the company operates an extensive network of refineries, pipelines, terminals, and retail fuel distribution **** ets serving customers worldwide. Phillips 66 is headquartered in Houston and has a market cap of around $70.7 billion.
The leading downstream energy provider is expected to announce its fiscal second-quarter earnings on Wednesday, Aug. 5, 2026. Ahead of the event, **** ysts expect PSX to report a profit of $6.99 per share, up 193.7% from $2.38 per share in the year-ago quarter. The company beat the consensus estimates in each of the last four quarters.
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The leading downstream energy provider is expected to announce its fiscal second-quarter earnings on Wednesday, Aug. 5, 2026. Ahead of the event, **** ysts expect PSX to report a profit of $6.99 per share, up 193.7% from $2.38 per share in the year-ago quarter. The company beat the consensus estimates in each of the last four quarters.
Cisco Is Up 46% and Oracle Is Down 25% in 2026. The Better Dividend Buy Might Surprise You.
SK Hynix Stock's Upcoming U.S. Listing Is a Sign the Memory Trade Could Soon Topple. 2 Ways to Profit from the Pain.
Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT
4 months ago
On Feb. 27, oil markets closed with West Texas Intermediate (WTI) crude oil at about $67 a barrel, and a share of ConocoPhillips (NYSE: COP) could be bought for less than $113.
As of June 22, WTI costs just a little more than $74 a barrel -- 10% more expensive -- while Conoco stock has fallen below $110, 2.5% cheaper than four months ago.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
And I ask you: Does this make sense?
Consider the situation in the Persian Gulf right now. Six weeks of fighting ended (sort of) with a ceasefire announced on April 8, followed by a "memorandum of understanding" officially ending the conflict on June 17. As of today, the U.S. naval blockade of Iran has ended, and the Strait of Hormuz is open (except when it isn't).
As of June 22, WTI costs just a little more than $74 a barrel -- 10% more expensive -- while Conoco stock has fallen below $110, 2.5% cheaper than four months ago.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
And I ask you: Does this make sense?
Consider the situation in the Persian Gulf right now. Six weeks of fighting ended (sort of) with a ceasefire announced on April 8, followed by a "memorandum of understanding" officially ending the conflict on June 17. As of today, the U.S. naval blockade of Iran has ended, and the Strait of Hormuz is open (except when it isn't).
4 months ago
With an annual dividend yield of 3.00%, ConocoPhillips (NYSE:COP) is included among the 12 Best S&P 500 Stocks to Buy for Dividends.
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves.
On June 22, Roth Capital upgraded ConocoPhillips (NYSE:COP) from 'Neutral' to 'Buy' and also raised its price objective on the stock from $124 to $130. The revised target implies an upside of over 18% from the current levels.
Roth Capital upgraded several exploration and production companies, noting that global oil prices appear close to a short-term bottom with a potential US-Iran ceasefire "seeming tenuous". The **** yst firm highlighted that many oil exploration and production stocks have fallen by 15%-25% from their YTD highs and are now trading at more compelling valuations.
Roth expects lasting damage to the key oil infrastructure in the Middle East and anticipates additional oil volumes to pass through the waterway of Hormuz, but it believes that these factors have already been reflected in share prices. The **** yst firm expects the global crude prices to stabilize at the $75 per barrel mark in the near term.
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves.
On June 22, Roth Capital upgraded ConocoPhillips (NYSE:COP) from 'Neutral' to 'Buy' and also raised its price objective on the stock from $124 to $130. The revised target implies an upside of over 18% from the current levels.
Roth Capital upgraded several exploration and production companies, noting that global oil prices appear close to a short-term bottom with a potential US-Iran ceasefire "seeming tenuous". The **** yst firm highlighted that many oil exploration and production stocks have fallen by 15%-25% from their YTD highs and are now trading at more compelling valuations.
Roth expects lasting damage to the key oil infrastructure in the Middle East and anticipates additional oil volumes to pass through the waterway of Hormuz, but it believes that these factors have already been reflected in share prices. The **** yst firm expects the global crude prices to stabilize at the $75 per barrel mark in the near term.
5 months ago
Today, there is a high volume of out-of-the-money (OTM) put options activity in Lam Research Corp. (LRCX) for a longer-dated expiry. That highlights the underlying value of LRCX stock, which could be worth 27% more.
LRCX is at $376.19 in morning trading on June 16, down 2.6%. The stock is off its recent peak of $388.92 set yesterday. Today's unusual put option activity in this semiconductor processing equipment company stock could indicate that some investors think LRCX is due for a fall.
Dear ****** eX Stock Fans, Mark Your Calendars for June 16
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
LRCX is at $376.19 in morning trading on June 16, down 2.6%. The stock is off its recent peak of $388.92 set yesterday. Today's unusual put option activity in this semiconductor processing equipment company stock could indicate that some investors think LRCX is due for a fall.
Dear ****** eX Stock Fans, Mark Your Calendars for June 16
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
5 months ago
Analysts have raised 2027 revenue estimates for Dell Technologies Inc. (DELL). This implies higher FCF and price targets. As a result, selling short out-of-the-money (OTM) puts is an attractive play now. For example, a 10% OTM put expiring in one month yields 4.9%.
DELL closed at $409.07 on Monday, June 15, up 3.4%. The stock has come down from a peak of $465.96 on June 1, after its May 28 earnings release for its fiscal Q1 ending May 1.
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
DELL closed at $409.07 on Monday, June 15, up 3.4%. The stock has come down from a peak of $465.96 on June 1, after its May 28 earnings release for its fiscal Q1 ending May 1.
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
5 months ago
Short-sellers of out-of-the-money (OTM) ConocoPhillips (COP) put options expiring in one month can make 1% or more. COP stock has fluctuated with oil prices as the war in Iran has waned. Investors can play this by shorting OTM COP puts.
COP closed at $116.98 on Friday, June 12, up about 1.4%. But, it's still down from a peak about a month ago on May 19, when it closed at $125.11. However, its low has been only $113.98 on May 29 in the last 3 months since the Iran war started.
Micron Stock is Now Close to Fair Value, But Shorting 2-Week Puts Yield 7.0%
Options Action: Naked Put Trade Ideas for June 15th
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
COP closed at $116.98 on Friday, June 12, up about 1.4%. But, it's still down from a peak about a month ago on May 19, when it closed at $125.11. However, its low has been only $113.98 on May 29 in the last 3 months since the Iran war started.
Micron Stock is Now Close to Fair Value, But Shorting 2-Week Puts Yield 7.0%
Options Action: Naked Put Trade Ideas for June 15th
Autodesk Stock At Recent Lows Spurs Unusual Put Options Activity - Is ADSK Too Cheap?
5 months ago
We recently published Jim Cramer Didn't Hold Back On **** eX's IPO & Discussed These 12 Stocks. Diamondback Energy, Inc. (NASDAQ:FANG) is one of the stocks discussed by Jim Cramer.
Diamondback Energy, Inc. (NASDAQ:FANG) is another oil and gas exploration and production company that Jim Cramer has recently started commenting on. The shares are up by 36% over the past year and 30% year-to-date. Like ConocoPhillips, Cramer has also recommended the stock for those who want exposure to the sector in the current environment. Specifically, the CNBC TV host believes Diamondback Energy, Inc. (NASDAQ:FANG) is for the growth-seeking investor. Most of the debate surrounding oil stocks is in the context of the Iran war and the resulting tightness in supply. In his tweet, Cramer commented on oil prices and wondered whether easing supply could make investing in these stocks difficult:
"With oil back to $96 here we go back to Conoco and Diamondback And, of course, higher yields….relentless but now there is more supply coming and it will be a much tougher slog"
Here are his earlier remarks about Diamondback Energy, Inc. (NASDAQ:FANG):
"Look if you have to buy the oil stocks, it's Conoco [inaudible] Oxy's second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center."
Diamondback Energy, Inc. (NASDAQ:FANG) is another oil and gas exploration and production company that Jim Cramer has recently started commenting on. The shares are up by 36% over the past year and 30% year-to-date. Like ConocoPhillips, Cramer has also recommended the stock for those who want exposure to the sector in the current environment. Specifically, the CNBC TV host believes Diamondback Energy, Inc. (NASDAQ:FANG) is for the growth-seeking investor. Most of the debate surrounding oil stocks is in the context of the Iran war and the resulting tightness in supply. In his tweet, Cramer commented on oil prices and wondered whether easing supply could make investing in these stocks difficult:
"With oil back to $96 here we go back to Conoco and Diamondback And, of course, higher yields….relentless but now there is more supply coming and it will be a much tougher slog"
Here are his earlier remarks about Diamondback Energy, Inc. (NASDAQ:FANG):
"Look if you have to buy the oil stocks, it's Conoco [inaudible] Oxy's second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center."
5 months ago
Micron Technology (MU) stock is now close to fair value, as ****** ysts have been raising their revenue forecasts and price targets. One of the best plays now is to sell short out-of-the-money puts, given their very high premiums. For example, short 2 weeks out MU puts with 5% below today's price yield 7.0%.
MU closed down 1.4% on Friday, June 12, at $981.61. That's off its recent peak of $1,079.57 on June 3, but could be the quiet before the storm. Micron is expected to release its fiscal earnings on June 24.
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
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!
MU closed down 1.4% on Friday, June 12, at $981.61. That's off its recent peak of $1,079.57 on June 3, but could be the quiet before the storm. Micron is expected to release its fiscal earnings on June 24.
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
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!
12 months ago
De Zavala Elementary in Midland has implemented the School Action Fund STEM model to provide students with high-quality learning experiences in Science, Technology, Engineering, and Mathematics. (Courtesy Photo)
MIDLAND In Midland ISD, De Zavala Elementary School is embarking on an exciting new chapter as it launches a comprehensive STEM model designed to inspire curiosity, creativity, and innovation in every student. The initiative, made possible through the generous support of Chevron, the ExxonMobil Foundation, and ConocoPhillips, will transform the campus into a hub of hands-on exploratio
MIDLAND In Midland ISD, De Zavala Elementary School is embarking on an exciting new chapter as it launches a comprehensive STEM model designed to inspire curiosity, creativity, and innovation in every student. The initiative, made possible through the generous support of Chevron, the ExxonMobil Foundation, and ConocoPhillips, will transform the campus into a hub of hands-on exploratio
