Oil and gas producer ConocoPhillips NYSE:COP will be announcing earnings results this Thursday before market hours. Here’s what you need to know.ConocoPhillips beat analysts’ revenue expectations last quarter, reporting revenues of $16.05 billion, down 6.1% year on year. It was an exceptional quart…
What Happened? A number of stocks jumped in the afternoon session after renewed fighting across the Middle East, and a larger-than-expected drop in U.S. crude stockpiles reinforced concerns over oil supply.Crude oil futures jumped more than 6%—snapping a three-day losing streak—as renewed fighting…
Just before the U.S. celebrated the Fourth of July, the government established a Memorandum of Understanding with Iran. The two countries set the steps required to reopen the Strait of Hormuz.The MOU ended abruptly late last week. Iran established ship routes that must pass its side of the Strait…
ConocoPhillips (NYSE:COP) saw several brokerages trim price targets this week—UBS, Mizuho and Truist—while its Alaska president said federal and industry backing for new Arctic projects could accelerate approvals and bolster the company’s Alaska operations.Previous Week Recap This is an…
ConocoPhillips Is Maintained at Outperform by Mizuho
Conocophillips NYSE:COP:
(17:15 GMT) ConocoPhillips Price Target Cut to $146.00/Share From $153.00 by Morgan Stanley
By Helen ClarkEnergy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to develop supply, after years of sluggish spending.Quarterly oil and gas exploration spendin…
Australia, the world's No. 2 liquefied natural gas producer, is experiencing an uptick in spending on energy exploration, driven by domestic gas demand, a more favourable investment climate and improving technology.Below is a roundup of where drilling is focused, with contingent resource estimates…
