ConocoPhillipsNYSE: COP
Energy · Oil & Gas Exploration & Production
$123.50
-1.81%
Vol: 5.2M
Research Digest
Friday, May 1, 2026
ConocoPhillips beats Q1 2026 EPS but lowers full-year production guidance citing Qatar disruptions and higher royalties
ConocoPhillips reported Q1 2026 adjusted EPS of $1.89, beating expectations, with $2.4 billion in free cash flow and $2 billion returned to shareholders. However, the company lowered 2026 production guidance due to disruptions in Qatar and higher royalties, with Q1 production at 2,309 MBOED (-80 MBOED YoY). Capital expenditures are guided at $12.0-$12.5 billion, reflecting macro uncertainty and timing of Qatar projects. The company declared an $0.84 dividend and holds a virtual annual meeting May 12. Analysts rate the stock Buy with target of $123.65.
Previous Market Intelligence
13 daysApr 30ConocoPhillips Beats Q1 Earnings by 4.9% Despite 6.1% Revenue Decline and Production CutsPositive▶
ConocoPhillips reported Q1 2026 results on April 30 beating consensus: $1.78 GAAP EPS (+4.9% beat), $1.89 adjusted EPS (+12.5%), but sales fell 6.1% YoY to $16.05B due to lower commodity prices and Middle East uncertainty. Company cut full-year production guidance to 2.295-2.325M bbl/day from 2.33-2.36M, citing geopolitical risk. COP declared $0.84 Q2 dividend and returned $2B to shareholders. Stock +3.2% on April 29. Analysts Goldman Sachs/Barclays maintain Buy; positioned to benefit from rising crude amid geopolitical tensions.
Apr 29ConocoPhillips reports Q1 earnings tomorrow with EPS beat expected; stock up 32% YTDPositive▶
ConocoPhillips reports Q1 2026 earnings on April 30 with expectations for $1.61 EPS and $14.5B revenue. Analysts expect 51.5% EPS estimate surge over past 60 days driven by March Brent crude rally to $104/barrel. Company faces 35K BOE/d production impact from Qatar and Canadian disruptions. Raymond James raised target to $145 from $118; BofA raised to $123 from $120. Analyst consensus: Buy with mean target of $140.12 (12.7% upside).
Apr 16ConocoPhillips price target raised to $160 by Jefferies on April 12; evaluating Venezuelan opportunities; Q1 2026 earnings April 30Mixed▶
ConocoPhillips (COP) received a price target increase from Jefferies to $160 from $129 on April 12, reflecting analyst bullishness on oil leverage and volume gains from major projects like Willow in Alaska. The company is evaluating oil and gas opportunities in Venezuela and exploring a sale of some Permian Basin assets. The company is expected to report Q1 2026 earnings April 30, with analysts forecasting a 24.88% year-over-year decline in quarterly EPS. ConocoPhillips 2026 production guidance stands at 2.33-2.36 MMBOED. Recent stock weakness reflects crude price pullback.
Apr 14Jefferies raises PT to $160; Piper Sandler to $157 as LNG projects advancePositive▶
Jefferies raised PT from $129 to $160 April 12. Piper Sandler to $157. Rallied 40.8% YTD. Targeting $1B in cuts while raising volumes. Q1 earnings April 30.
Apr 13Venezuela evaluation team sent; Permian asset sales exploration underwayNeutral▶
ConocoPhillips sending evaluation team to Venezuela for oil/gas opportunities. Exploring sale of Permian Basin assets. Q1 2026 EPS expected at $1.63 (down 22% YoY). Stock trading at $122.76 with analyst Buy consensus. Adjusting strategies amid fluctuating oil prices.
Apr 10ConocoPhillips rallies 40.8% YTD but falls on oil weakness; Q1 earnings April 30.Positive▶
ConocoPhillips jumped 40.8% year-to-date but fell 4.8% in early April as oil prices declined. WTI crude above $90 supports stock. Management targeting $1B in opex/capex cuts while raising volumes. Q1 2026 earnings due April 30 with expected EPS of $1.63, down 22% YoY. Consensus rating Strong Buy.
Apr 9ConocoPhillips falls 4.8% on oil price decline following U.S.-Iran ceasefireNegative▶
ConocoPhillips (COP) stock declined 4.8% as oil prices plunged below $100 per barrel following President Trump's announcement of a two-week U.S.-Iran ceasefire. Despite recent headwinds, the company maintains strong momentum with 12.6% monthly and 40.3% three-month gains. Analysts expect COP to benefit from expanding LNG portfolio and major capital projects expected to more than double free cash flow by 2029.
Apr 8ConocoPhillips rallies on oil price strength; CEO sells $15M shares; YTD +36%.Neutral▶
ConocoPhillips stock at $127.60 (-0.61%). March saw 16.3% surge; YTD return 36.13% driven by geopolitical tensions and crude oil spike. CEO Ryan Lance sold 113,221 shares for $15.03 million. 22 analysts rate Buy with 12-month target $121.18.
Apr 7ConocoPhillips stock surges 56% annually amid oil price gains, CEO liquidation, and strategic Willow project advancement.Positive▶
ConocoPhillips delivered strong returns with 56.4% annual gain and 11.7% monthly return driven by Middle East tensions and rising oil prices. Company advancing Willow development and LNG expansions while CEO Ryan Lance sold 113,221 shares (worth $15M) on April 6. DBS maintained Buy rating with target of $150. DCF analysis suggests stock undervalued by 51% with intrinsic value of $266.48. Recent insider activity and CEO share sale signal confidence despite geopolitical risks. Consensus Buy rating with 12-month target of $121.18 implies modest near-term upside.
Apr 6Citigroup raises ConocoPhillips PT to $150; Q1 earnings April 30.Positive▶
Citi raised COP PT from $135 to $150 on April 5. Q4 2025 EPS $1.02 adjusted; 2026 guidance: CapEx ~$12B, OpEx $10.2B. Focus on $1B cost reduction, 45% cash flow return to shareholders. Signed Libya Waha Concession extension through 2050.
Apr 3ConocoPhillips reaches 52-week high above $110 on 20%+ YTD gains, boosted by oil price surge from geopolitical tensions.Positive▶
ConocoPhillips stock has gained over 20% in 2026 and reached fresh 52-week highs above $110. Crude oil prices surged following geopolitical tensions creating disruption risk. Company guidance includes 2026 capex of $12B. Q1 2026 earnings scheduled for April 30. Citi raised price target to $150 from $135. However, CEO executed major stock sale of 113,221 shares ($15M) on March 31. Consensus Strong Buy with commitment to return 45%+ of operating cash flow to shareholders.
Apr 1ConocoPhillips Q1 2026 earnings call scheduled April 30; company expects 2.33-2.36 mmboe/d production with $12B capex budget.Neutral▶
ConocoPhillips will report Q1 2026 results on April 30, 2026 following Marathon Oil acquisition integration. Company anticipates average daily total production of 2.33-2.36 mmboe/d with annual capex of $12 billion. Morgan Stanley analyst raised price target to $149 with Overweight rating. Stock trades at $133.47 with 20.92 P/E and 2.4% dividend yield. Company positioned to benefit from recent oil price surge linked to Iran conflict.
Mar 31ConocoPhillips explores Permian Basin asset sales as oil prices benefit valuations amid mixed sentiment.Mixed▶
ConocoPhillips evaluating Permian Basin asset sales. SVP sold 7,700 shares ($1M). Stock surged 41% over three months on oil prices. Q4 earnings missed estimates. Analysts maintain Buy with $120.5 target.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| COPCONOCOPHILLIPS | $123.50 | -1.81% | -4.5% | 14.8x | 0.19 | $153.3B |
| EOGEOG | $139.11 | -1.04% | -1.7% | 9.9x | 0.33 | $75.3B |
| OXYOCCIDENTAL | $58.75 | -3.03% | -3.8% | 16.9x | 0.23 | $60.1B |
| FANGDIAMONDBACK | $207.50 | +0.91% | +5.8% | 12.0x | 0.49 | $57.8B |
| EQTEQT | $58.76 | -2.21% | -0.5% | 12.9x | 0.69 | $37.6B |
| DVNDEVON | $50.68 | -1.34% | +3.5% | 9.6x | 0.53 | $31.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.