COP
ConocoPhillips
September 16, 2026 · market open
- Rarity
- 1.68
- Peak move
- −6.13%
- Float cap
- $172.8B
ConocoPhillips is an independent exploration and production company headquartered in Houston, Texas. It explores for, produces, transports, and markets crude oil, bitumen, natural gas, NGLs, and LNG on a worldwide basis. The company operates in 14 countries, with unconventional plays in North America, conventional assets in Europe, Africa, and Asia, LNG developments, and Canadian oil sands.
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What we found
8 events · 0 from SEC or newswire · 0 timed with the move- Key event
commodity_eventCrude oil prices retreated on Wednesday, September 16, 2026, dragging exploration and production shares lower, with EOG Resources down 6%, ConocoPhillips and Occidental Petroleum each down about 5%, and the XOP ETF down 4%.
- Key event
peer_disclosureVenezuela signed an oil deal with the Trump administration granting access to 65 billion barrels of reserves, with ConocoPhillips and ExxonMobil declining to participate.
commodity_eventOil and gas equities rose broadly on Sept 15, 2026, with ConocoPhillips among several energy companies gaining more than 1% amid elevated crude prices tied to Middle East supply disruptions.
- Key event
major_contractConocoPhillips signed a 20-year free-on-board sales and purchase agreement for 1 million tonnes per annum of LNG from NextDecade's Rio Grande LNG project, subject to a positive FID on Train 5.
ceo_cfo_departureConocoPhillips announced a leadership transition on its Q2 2026 earnings call, with Andrew O'Brien becoming President, CEO & Director and Ryan Lance moving from CEO to Executive Chair of the Board.
analyst_ratingUBS raised its price target on ConocoPhillips to $169 from $153 and reiterated a Buy rating, citing higher oil prices strengthening energy sector balance sheets, stronger cash flows, and rising power demand from data centers.
analyst_ratingStifel resumed coverage of ConocoPhillips with a Hold rating and a $148 price target, citing capital-efficient growth warranting a premium multiple but better relative value elsewhere in the sector.
commodity_eventMiddle East conflict and tensions along the Strait of Hormuz strained supply, pushing Brent crude past $101 and WTI above $96, with WTI October futures spiking above $104 per barrel amid U.S.-Iran tensions affecting oil transport routes, while tightening global gas markets.