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COP

ConocoPhillips

BUY Analysis generated 2026-10-04 Market data as of 2026-11-13 Market data 2 days old USD 142.28 Energy - Oil & Gas Exploration & Production
ACTIONABLEMethodology gates passed
68

Position levels

Currenttoday
USD 142.28
Buy <=wait / entry
-
Trim >=take some off
-
Thesis breaknot set
-

Scenario-weighted conviction

ProbabilityScoreContribution
Bull case37%100 / 10037.0
Base case47%62 / 10029.1
Bear case16%10 / 1001.6
Weighted conviction68 / 100 - BUY

Top risks

  • 20-year LNG sales and purchase agreement with Venture Global
  • Q2 2026 adjusted EPS of $3.24 with record production and $3.0 billion shareholder distributions
  • Reaffirmed 2026 guidance including $12 billion capex and $10.2 billion adjusted operating costs
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.

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