Conocophillips Stock Performance and Financial Update

Conocophillips stock has seen a significant increase in value over the past year, with a 35% growth in share price. This is a notable achievement, especially considering the challenges faced by the energy industry.

The company's revenue has also been on the rise, reaching $185 billion in 2022. This increase in revenue is a direct result of the company's strategic investments in new projects and technologies.

Conocophillips' strong financial performance can be attributed to its diversified portfolio of assets, which includes oil and natural gas operations in the United States, Canada, and Norway. This diversification has helped the company to weather market fluctuations and remain profitable.

The company's net income has also seen a significant increase, reaching $7.5 billion in 2022. This is a testament to the company's ability to manage its operations efficiently and effectively.

ConocoPhillips's financial performance has been a mixed bag in recent years. In 2023, the company's revenue was $57.86 billion, a decrease of -28.19% compared to the previous year's $80.58 billion.

The company's earnings also took a hit, decreasing by -41.34% to $10.92 billion. This significant drop in earnings is a cause for concern.

However, it's worth noting that ConocoPhillips's stock price has shown some resilience. As of the current share price, it's trading at $102.69.

Here's a summary of ConocoPhillips's recent stock price performance:

These changes give you a sense of the stock's volatility and long-term growth potential.

ConocoPhillips will be hosting a fourth-quarter earnings conference call on Thursday, February 6, 2025, at 12:00 p.m. Eastern time.

The company will release its financial and operating results before market opening on the same day, including the accounting close for the recently acquired Marathon Oil as of December 1, 2024.

You can access the webcast through ConocoPhillips' Investor Relations site, with registration opening 15 minutes prior to the start.

The event will be archived for later replay, and a transcript will be available the following day.

Here are some key statistics about ConocoPhillips as of September 30, 2024:

ConocoPhillips' proved reserves as of December 31, 2023, were 6.8 BBOE.

ConocoPhillips stock has experienced a significant price fluctuation over the past few months. The 1-month performance shows a price low of $96.14, with a period high of $106.17, and a performance of +4.31 (+4.45%) since December 27, 2024.

The 52-week high for ConocoPhillips stock was $135.18, while the 52-week low was $94.23. This indicates a substantial price variation over the past year.

The current share price of ConocoPhillips is $102.69. The 1-month change is a 5.95% increase, while the 3-month change is a 0.36% increase.

Here's a summary of the stock's performance over the past year:

In terms of financial performance, ConocoPhillips's revenue decreased by -28.19% in 2023 compared to the previous year, with earnings decreasing by -41.34%.

ConocoPhillips stock is trading at 11.2% below its estimated fair value, which suggests that it may be a good time to consider investing.

The implied volatility of ConocoPhillips stock is currently 25.42%, which is a significant increase from the previous day's rate of 25.53%.

The put/call volume ratio is 0.89, indicating that more call options are being traded than put options. This could be a sign that investors are optimistic about the stock's future performance.

Today's volume of 3,762 is lower than the 30-day average of 21,467. This might indicate that investors are taking a cautious approach to the stock.

Here's a breakdown of the key options and trading metrics for ConocoPhillips stock:

Analysts are in good agreement that the stock price will rise by 28.4%. This could be a good time to consider buying the stock if you're bullish on the energy sector.

Analysts have a generally positive outlook on ConocoPhillips stock, with an average rating of "Buy" from 17 analysts.

The average earnings estimate for ConocoPhillips is $1.89 per share, based on 9 estimates from analysts.

The high estimate for ConocoPhillips earnings is $2.07 per share, while the low estimate is $1.72 per share.

Compared to the prior year, analysts expect a significant decline in earnings, with a growth rate estimate of -21.25% year over year.

Here's a summary of the analyst estimates:

Analysts also predict a 34.91% increase in the stock price over the next 12 months, with a forecast price of $136.06.

Take a look at this: Stock Price

ConocoPhillips has made a significant move in the industry with its acquisition of Marathon Oil. The company has completed its acquisition of Marathon Oil, converting each share into 0.255 shares of ConocoPhillips common stock.

ConocoPhillips now operates in 13 countries with $97 billion in total assets and approximately 10,300 employees. The acquisition enhances ConocoPhillips' U.S. unconventional portfolio with high-quality, low-cost inventory.

The company expects to achieve synergies exceeding $1 billion on a run rate basis within 12 months. ConocoPhillips currently produces an average of 1,921 MBOED for the nine months ended Sept. 30, 2024.

The acquisition is a significant deal, valued at $22.5 billion. ConocoPhillips has also successfully completed its acquisition of Marathon Oil, offering synergies that have led to a rating upgrade.

ConocoPhillips currently has a market cap of $123 billion and offers an investor-friendly capital return program with a 3.3% dividend.