Why ConocoPhillips Rallied Today
Shares of oil and gas giant (NYSE: COP) rallied on Monday, up as much as much as 5.1% before settling back into a 3.3% gain as of 2:23 p.m. EDT.
Unsurprisingly, today's move is the result of a spike in oil prices triggered by the breakout of this past weekend's conflict with Iran. ConocoPhillips is primarily a U.S.-focused producer, so its supply shouldn't be disrupted by the war.
At a $142 billion market cap, most upstream oil producers of that size are diversified across many geographies, including the Middle East. However, ConocoPhillips is among the most exposed to the U.S. among large-cap oil stocks, with about 74% of its 2025 earnings before corporate expenses coming from the lower 48 states, Alaska, and Canada.
Source Fool.com
ConocoPhillips Stock
€100.26
0.100%
With 76 Buy predictions and 1 Sell predictions ConocoPhillips is one of the favorites of our community.
At the moment ConocoPhillips has reached the predicted target price of 101 €, with a current price of 100.26 €.
