ConocoPhillips COP has declined 5.4% over the past year, significantly underperforming the 18.3% gain of the composite stocks belonging to the industry. Could this downward trend reflect the company's susceptibility to analysts' widespread expectations of declining crude oil prices in 2025 and 2026?
However, high correlation to crude can be a double-edged sword, as many energy investors experienced when crude prices collapsed in 2020. Here are the seven Bank of America buy-rated stocks with the highest correlation to WTI crude oil prices:
U.S. oil majors ExxonMobil (XOM) and Chevron (CVX) are expected to report a double-digit decline in profit amid falling energy prices, when they announce Q4 res
Barclays analyst Betty Jiang maintained a Buy rating on Conocophillips (COP – Research Report) today and set a price target of $137.00. The
Chevron's diversification, high yield, and long history of success make it a strong buy in the oil space. ConocoPhillips will get an acquisition-fueled boost this year. Occidental Petroleum's ...
ConocoPhillips has shown recent gains but remains volatile due to its dependence on crude oil prices. Click here to read an analysis of COP stock now.
Emails obtained by The Associated Press reveal Doug Burgum as North Dakota governor catered to the whims of oil and gas executives while leveraging those connections to expand his political profile
Activist investor Engine No.1 is now teaming up with Chevron to build natural gas-fired power plants to meet soaring AI-driven electricity demand.
In a report released today, Betty Jiang from Barclays maintained a Hold rating on APA (APA – Research Report), with a price target of $27.00.
Chevron and Engine No. 1 partner to build multi-gigawatt natural gas power plants, fueling the AI-driven data center boom.
Chevron and Engine No. 1 have partnered to establish a new company to develop natural gas-fired power plants for US-based AI data centres.
Chevron U.S.A. announced Tuesday a partnership with Engine No. 1 and GE Verona in plan to develop reliable power solutions for U.S. data centers running on natural gas.