Copiosa Coin (COP) news

Sector Update: Energy Stocks Softer Late Afternoon

03:53 PM EDT, 10/07/2026 (MT Newswires) -- Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index down 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.5%. The Philadelphia Oil Service Sector Index was falling 1.7%, and the Dow Jones US Utilities Index was fractionally higher. Front-month West Texas Intermediate crude oil shed 0.7% to $88.86 a barrel, and the global benchmark Brent crude contract rose 0.4% to $100.93 a barrel. Henry Hub natural gas futures rose 2.9% to $3.20 per 1 million BTU. In sector news, Kalshi has filed a proposal with the Commodity Futures Trading Commission or CFTC for perpetual futures contract linked with the West Texas Intermediate benchmark, Bloomberg reported. The CFTC has 45 days to decide on the proposal, the report said. In corporate news, Hess Midstream (HESM) shares tumbled 14% after Chevron (CVX) said late Tuesday it will divest its ownership interests and general partner position in Hess, along with its DJ Basin crude oil midstream assets, in exchange for extended and improved Bakken midstream commercial terms and $200 million in cash. Chevron shares were down 0.9%. Equinor (EQNR) has updated the cost estimate for the Snohvit Future project in Norway to 26.5 billion Norwegian kroner ($2.78 billion) in 2026 value, up from just over 20 billion kroner in 2025 value, the company said Wednesday. Its shares were falling 2.9%. Black Hills (BKH) shares surged past 7%. The company said Tuesday it signed agreements to provide energy service to Alphabet's (GOOGL) Google's planned data center in Cheyenne, Wyoming, and plans to invest $1.8 billion in new natural gas generation. A BKV (BKV) subsidiary signed a contract for the supply of natural gas-fired power generation equipment that will be used at BKV's prospective power generation project in Texas, according to a statement. BKV shares jumped 7.3%. ConocoPhillips (COP) is likely to accelerate share repurchases as it works to catch up on its 2026 shareholder return commitment, with st

Sector Update: Energy

03:37 PM EDT, 10/07/2026 (MT Newswires) -- Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index down 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.5%. The Philadelphia Oil Service Sector Index was falling 1.7%, and the Dow Jones US Utilities Index was fractionally higher. Front-month West Texas Intermediate crude oil shed 0.7% to $88.86 a barrel, and the global benchmark Brent crude contract rose 0.4% to $100.93 a barrel. Henry Hub natural gas futures rose 2.9% to $3.20 per 1 million BTU. In corporate news, ConocoPhillips (COP) is likely to accelerate share repurchases as it works to catch up on its 2026 shareholder return commitment, with strong operations helping offset Middle East disruptions and lower Surmont volumes, UBS said in a note. ConocoPhillips shares were up 0.4%.

ConocoPhillips Strong Operations Seen Offsetting Middle East, Surmont Headwinds, UBS Says

02:49 PM EDT, 10/07/2026 (MT Newswires) -- ConocoPhillips (COP) is likely to accelerate share repurchases as it works to catch up on its 2026 shareholder return commitment, with strong operations helping offset Middle East disruptions and lower Surmont volumes, UBS said in a note Tuesday. UBS said the company returned about 40% of cash from operations in H1 and needs to move toward 50% in H2 to meet its 45% full-year target. The firm forecasts buybacks of $2.5 billion in Q3 and $2.75 billion in Q4. The firm expects new CEO Andy O'Brien, on his first earnings call, to stick to the company's playbook of disciplined capital allocation and return on capital, while giving a positive update on long-term projects. The firm forecasts Q3 adjusted EPS of $3.10, above the Street's $2.96, and expects consensus to move toward its estimate as models are updated for commodity prices. UBS reiterated the company's buy rating and $169 price target. Price: 129.40, Change: +0.05, Percent Change: +0.03

Jefferies Adjusts Price Target on ConocoPhillips to $174 From $159

08:50 AM EDT, 10/07/2026 (MT Newswires) -- ConocoPhillips (COP) has an average rating of overweight and mean price target of $148, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

CONOCOPHILLIPS <COP.N>: TRUIST SECURITIES RAISES TARGET PRICE TO $136 FROM $130

CONOCOPHILLIPS : TRUIST SECURITIES RAISES TARGET PRICE TO $136 FROM $130

Jefferies raises ConocoPhillips target price to $174.

Jefferies raised ConocoPhillips (COP.US) target price from $159 to $174.

Jefferies: Raises ConocoPhillips target price to $174

CONOCOPHILLIPS <COP.N>: JEFFERIES RAISES TARGET PRICE TO $174 FROM $159

CONOCOPHILLIPS : JEFFERIES RAISES TARGET PRICE TO $174 FROM $159

ConocoPhillips Chief Economist: Venezuela may take ten years to restore its oil industry

ConocoPhillips (COP.US) Chief Economist: It may take a decade and several billions of dollars of investment for Venezuela to restore its oil industry.

ConocoPhillips chief economist says Russia and Venezuela need to stabilize fiscal terms to attract Western investment

The Chief Economist of ConocoPhillips (COP.US) stated that countries like Russia and Venezuela need stable and reasonable fiscal terms to attract Western oil investors back.

JPMorgan raises ConocoPhillips target price to $139

JPMorgan has raised the price target of ConocoPhillips (COP.US) from $134 to $139.

CONOCOPHILLIPS <COP.N>: JP MORGAN RAISES TARGET PRICE TO $139 FROM $134

CONOCOPHILLIPS : JP MORGAN RAISES TARGET PRICE TO $139 FROM $134

Energy executives warn: shipping and refinery bottlenecks could cause oil market turmoil to persist for years

(1) Energy industry executives stated at a conference in London on Monday that shipping bottlenecks, significant refinery cutbacks, and inventory drawdowns that may take years to replenish will keep global oil prices high beyond this year. (2) Tengku Muhammad Taufik, CEO of Malaysia's national oil company Petronas, said that market turmoil will persist for most of the time until the end of this year, and possibly until 2027. (3) Saudi Aramco CEO Amin Nasser, speaking publicly for the first time since the outbreak of the Iran war, said that emergency measures tapping into oil stockpiles globally may take up to two years to restore. He noted that pressures at both "ends of the barrel" will intensify until the Strait of Hormuz is fully reopened and market confidence is restored; even if the situation improves afterward, restoring inventories while meeting demand could still take up to two years. "Both ends of the barrel" refers to unprocessed crude oil and refined products like diesel and jet fuel. He also mentioned that since the conflict began, the world has lost 3 billion barrels of crude oil, with global inventories down by 1 billion barrels. (4) ConocoPhillips Executive Chairman Ryan Lance stated that, due to the current crisis, global oil demand has declined this year and may not recover until 2028 or 2029, but is expected to return to a growth trajectory afterward. He anticipates the U.S. crude oil price floor will rise to around $70 per barrel, with mid-cycle prices between $65 and $70 per barrel; if oil prices remain firm, U.S. crude output could exceed 14 to 14.5 million barrels per day, though he did not specify the exact level of "firm" prices.

Sector Update: Energy Stocks Decline Premarket Monday

09:29 AM EDT, 10/05/2026 (MT Newswires) -- Energy stocks were declining premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.6% lower. The United States Oil Fund (USO) was down 2.4% and the United States Natural Gas Fund (UNG) was 0.6% lower. Front-month US West Texas Intermediate crude oil was 1.9% lower at $89.36 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.4% to $101.82 per barrel, and natural gas futures were inactive at $3.04 per 1 million British Thermal Units. Cenovus Energy (CVE) has agreed to acquire Athabasca Oil at an implied enterprise value of 5.7 billion Canadian dollars ($4 billion), the company said. Cenovus Energy stock was down more than 1% pre-bell. ConocoPhillips (COP) is reviewing an unsolicited offer for its North Sea business, Reuters reported, citing Executive Chair Ryan Lance. ConocoPhillips shares were slightly lower premarket. Baker Hughes (BKR) stock was 0.5% higher after the company said it signed two strategic agreements to support the revitalization of Venezuela's energy infrastructure and expand oil and gas production.

Market Chatter: ConocoPhillips Reviews Unsolicited Offer for North Sea Business

07:57 AM EDT, 10/05/2026 (MT Newswires) -- ConocoPhillips (COP) is reviewing an unsolicited offer for its North Sea business, Reuters reported Monday, citing Executive Chair Ryan Lance. The company has not made a decision, Lance said at the Energy Intelligence Forum in London, according to the report. ConocoPhillips operates the Teesside terminal in the UK and holds stakes in several producing fields offshore Norway, including the Ekofisk field, Reuters reported. ConocoPhillips did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ConocoPhillips says it will bid for the development project of the western section of Qatar's North Field.

The Chairman of ConocoPhillips (COP.US) stated that the company will bid for the development project of Qatar's North Field West.

ConocoPhillips CEO says midstream capital is sufficient and currently focuses on upstream.

ConocoPhillips (COP.US) CEO: There is sufficient capital in the midstream sector, but the company is currently focused on the upstream segment.

ConocoPhillips CEO says the Middle East is investment-worthy but risks must be managed

ConocoPhillips (COP.US) CEO: The Middle East is an attractive investment destination, but risks must be managed.

The CEO of ConocoPhillips says that the oil price floor may rise to $70 per barrel.

The CEO of ConocoPhillips (COP.US) stated that the bottom for oil prices may rise to around $70 per barrel, and expects the mid-term price of WTI crude oil to be between $65 and $70 per barrel.

The CEO of ConocoPhillips expects US daily oil production to exceed 14 million barrels.

The CEO of ConocoPhillips (COP.US) stated that if oil prices remain at current levels, US oil production is expected to exceed 14 to 14.5 million barrels per day.

ConocoPhillips CEO says global growth will slow from 3.3% to 2.5%

The CEO of ConocoPhillips (COP.US) stated that global growth will slow down from 3.3% to 2.5%.

Sector Update: Energy Stocks Fall in Early Trading Friday

Sector Update: Energy

BUZZ - Crude oil prices decline due to negotiations on diesel and crude oil inventory releases, causing US energy stocks to fall

Venture Global Signs 20-Year LNG Supply Deal With ConocoPhillips

Venture Global signs 20-year LNG supply deal with ConocoPhillips for 1 million tonnes a year starting 2030

Sector Update: Energy Stocks Rise Thursday Afternoon

Sector Update: Energy Stocks Fall Premarket Thursday

Sector Update: Energy

ConocoPhillips Receives Offer for Norway Assets, UK Oil Terminal