Conocophillips (COP) news

US to have access to about 90B bbls of crude in Venezuela: WAPO

The U.S. government has announced that Venezuela will be transferring up to 50 million barrels of oil to the United States, with the potential for additional crude access in the coming years. President Donald Trump stated that the oil—valued at approximately $2.8 billion—will be sold at market…

Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's enormous oil resources - Axios

The Trump administration is reportedly engaging in discussions with Venezuela’s interim government regarding potential U.S. involvement in the South American nation’s vast oil reserves. These talks come amid ongoing U.S. efforts to assert influence over Venezuela’s energy sector, following years of…

ConocoPhillips: Raymond James raises target price to $168 from $142

Dow Jones unofficially closes up 558.79 points, or 1.06 percent, at 53,318.00

The Dow Jones Industrial Average rose 558.79 points, or 1.06 percent, to 53,318.00 in unofficial trading, reflecting a broad-based rally driven by gains in technology and energy sectors. The index’s performance was supported by strong earnings from key technology firms and optimism surrounding…

NGP buy of Texas assets from ConocoPhillips was $1.2B deal: WSJ

ConocoPhillips has completed the sale of a South Texas Eagle Ford shale asset package to NGP-backed Ensign Natural Resources for $1.2 billion, as part of its ongoing portfolio streamlining efforts following the 2024 acquisition of Marathon Oil Corporation. The transaction reflects ConocoPhillips’…