ConocoPhillips ($COP) Stock Forecast: Up 5.2% Today

What is ConocoPhillips?

ConocoPhillips (COP) is a major American multinational energy corporation engaged in hydrocarbon exploration. Today, the stock experienced a strong bullish movement amidst an interesting market landscape.

Why is ConocoPhillips going up?

COP stock is up 5.2% on Jan 8, 2026 20:01

• The bearish sentiment on oil from institutional investors could have created a contrarian opportunity for traders, leading to increased buying pressure on COP.
• The reduction in Exxon Mobil Corporation holdings by Allen Wealth Management LLC, coupled with Exxon's warning of potential profit drops, might have shifted investor focus towards other energy companies like ConocoPhillips, driving up its stock price.
• Honeywell's involvement in the Commonwealth LNG project and Murphy Oil Corporation's successful oil discovery off Vietnam could have positively influenced the overall sentiment towards the energy sector, benefiting companies like ConocoPhillips.
• Chevron's discussions with the U.S. government for an expanded Venezuela license may have added a layer of geopolitical risk to the oil market, further pushing investors towards companies like ConocoPhillips with potentially lower exposure to such uncertainties.

COP Price Chart

COP Technical Analysis

COP News

Investors Turn Most Bearish on Oil in Almost 10 Years, Goldman Finds

A Goldman Sachs survey reveals that institutional investors are nearing their most bearish sentiment on oil in nearly a decade due to geopolitical factors and a looming market glut. Over 59% of Goldman clients surveyed expressed bearish or slightly bearish views on crude, placing sentiment just above record lows observed since January 2016.

https://www.bloomberg.com/news/articles/2026-01-08/investors-turn-most-bearish-on-oil-in-almost-10-years-goldman-finds

Exxon Mobil Corporation $XOM Holdings Lessened by Allen Wealth Management LLC

Allen Wealth Management LLC significantly reduced its stake in Exxon Mobil Corporation by 32.9% in Q3, now holding 36,180 shares valued at $4.08 million, which constitutes 2.8% of its portfolio. This reduction comes as Exxon Mobil recently increased its quarterly dividend to $1.03 per share, yielding approximately 3.5%, while also warning of a potential $800M–$1.2B drop in Q4 upstream profit due to falling liquids prices, leading to a mixed analyst sentiment with a consensus "Hold" rating.

https://www.marketbeat.com/instant-alerts/filing-exxon-mobil-corporation-xom-holdings-lessened-by-allen-wealth-management-llc-2026-01-08/

Honeywell to Supply Technology for Commonwealth LNG

Honeywell has been selected by Technip Energies, main contractor for the Commonwealth LNG project, to provide integrated liquefied natural gas pretreatment and liquefaction solutions. This includes Honeywell's single-mixed refrigerant liquefaction process technology, modularized coil wound heat exchangers, and UOP SeparSIV® pretreatment technology. The Commonwealth LNG project, slated for operation in 2030, aims to produce up to 9.5 million metric tons of LNG annually.

https://www.rigzone.com/news/honeywell_to_supply_technology_for_commonwealth_lng-08-jan-2026-182717-article/?rss=true

Murphy’s New Appraisal Well Hits More Commercial Oil Off Vietnam

Murphy Oil Corporation has announced that its new appraisal well off the coast of Vietnam has successfully discovered additional commercial oil reserves. This development indicates a positive expansion of the independent energy company's global operations. The finding contributes to Murphy Oil's portfolio of both onshore and offshore ventures.

https://www.epmag.com/upstream/discoveries/he-murphy-oil-off-vietnam/

Exclusive: Chevron in talks with US government for expanded Venezuela license, sources say

Chevron (CVX.N) is reportedly in discussions with the U.S. government to broaden its license to operate in Venezuela. This expansion would allow Chevron to increase crude exports to its own refineries and sell to other buyers. These talks coincide with progressing negotiations between Washington and Caracas for the United States to receive up to 50 million barrels of Venezuelan oil, and President Trump's push for American oil companies to invest in Venezuela's energy sector.

https://www.reuters.com/business/energy/chevron-talks-with-us-government-expanded-venezuela-license-sources-say-2026-01-07/

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ConocoPhillips Price History

04.02.2025 - COP Stock was down 8.4%

• The drop in COP's stock price is linked to the recent decrease in oil prices, which fell to multi-year lows due to production increases by OPEC. This decline had a direct impact on energy companies like COP.
• Additionally, the detection of bearish options activity on ConocoPhillips also played a role in pushing the stock lower, with significant investors expressing a negative outlook on its future performance.
• Despite the short-term volatility seen in COP, the company's core fundamentals remain strong, suggesting that this downturn might be an opportunity for investors with a long-term perspective to consider buying.

03.03.2025 - COP Stock was down 6.3%

• The potential $1 billion sale of Oklahoma oil and gas assets by ConocoPhillips indicates a strategic shift towards focusing on key U.S. basins, which might have raised concerns among investors about the company's future growth prospects.
• Despite a slight 0.67% positive movement in the stock price, the overall sentiment seems to have been overshadowed by the news of asset divestitures, leading to a bearish trend for the day.
• The historical outperformance of ConocoPhillips over the past 5 years, with an average annual return of 27.24%, could have set high expectations among investors, making any strategic changes or divestitures a cause for concern and potential market reaction.

04.03.2025 - COP Stock was down 10.1%

• COP's stock plunged 10.2% in a day, reflecting the high exposure of upstream companies like EOG and CVX to the volatility in oil and gas prices.
• The evaluation of selling Oklahoma assets worth $1 billion indicates COP's strategic move to streamline its operations and focus on key U.S. basins, potentially causing uncertainty among investors.
• Despite a minor 0.67% increase in stock price, the overall sentiment seems bearish due to the broader industry challenges and market volatility affecting COP's operations.

09.09.2025 - COP Stock was down 1.4%

• Notwithstanding the bullish market, ConocoPhillips (COP) saw a significant bearish movement.
• The stock ended the session at $93.75, reflecting a 1.55% decline from the previous trading day.
• The bearish trend in COP might be linked to company-specific factors or adverse developments affecting the energy sector.
• Investors may be responding to fluctuations in oil prices or apprehensions about ConocoPhillips' financial performance.

07.07.2025 - COP Stock was down 2.7%

• ConocoPhillips (COP) reported better-than-expected Q2 earnings but missed revenue estimates, indicating potential challenges in revenue generation.
• Despite having a low-cost asset portfolio, ConocoPhillips may have been impacted by oil price volatility, leading to a bearish market movement.
• The market turbulence in the oil sector, as highlighted by another company's resilience with its strong balance sheet, could have influenced investors' sentiment towards ConocoPhillips and contributed to the bearish movement.

08.06.2025 - COP Stock was up 5.1%

• ConocoPhillips (COP) closed at $94.44 with a +2.66% increase from the previous day, showcasing a strong bullish movement.
• Weaker oil and gas prices in Q2 have affected Exxon Mobil's upstream earnings, but ConocoPhillips appears to have outperformed the stock market despite these challenges.
• The bullish movement in ConocoPhillips (COP) could be attributed to its strategic decisions, operational efficiency, or market perception of its resilience in navigating through the volatile energy sector.
• Despite industry challenges, ConocoPhillips' performance highlights its adaptability and potential to capitalize on market opportunities.

09.03.2025 - COP Stock was up 7.9%

• Despite tariff-induced market uncertainty, both EOG Resources and ConocoPhillips are leveraging their strong balance sheets to navigate through challenging times.
• Speculation is high on ConocoPhillips beating earnings estimates in the upcoming quarterly report, supported by its impressive earnings surprise history.
• The options market for ConocoPhillips showed a mix of bullish and bearish sentiments, with financial giants making a notable bearish move on the stock.
• While EOG Resources benefits from favorable oil prices, its exposure to extreme volatility in commodity prices poses a risk, similar to other upstream companies like ConocoPhillips.
• The plunge in ConocoPhillips' stock price could be attributed to the inherent volatility in oil and gas prices, impacting its upstream operations and echoing concerns seen in other energy companies like EOG and Chevron.

06.10.2025 - COP Stock was down 0.7%

• Despite surpassing Q3 earnings and revenue estimates, ConocoPhillips (COP) experienced strong bearish movement in the market.
• The lower-than-expected quarterly earnings per share of $1.41 compared to $1.78 in the year-ago period might have contributed to the bearish sentiment.
• Investors may have reacted negatively to the news of lower year-over-year oil prices, even with expectations of stronger output for ConocoPhillips in Q3.
• The market movement could also be influenced by broader industry trends and external factors impacting the energy sector.

10.03.2025 - COP Stock was down 6.4%

• ConocoPhillips (COP) gained 10.7% in the last session, but the current trend in earnings estimates may not support further increases, resulting in profit-taking and a bearish market trend today.
• Market uncertainties linked to tariffs may have contributed to the downward movement, despite a strong balance sheet from the company.
• The options market dynamics indicate a negative sentiment among major financial players regarding ConocoPhillips, with a significant portion of traders showing bearish inclinations that could impact the stock's performance.
• The recommended hold strategy for EOG Resources in the same sector, driven by favorable oil prices, may have indirectly shed light on the challenges faced by companies like ConocoPhillips in dealing with commodity price fluctuations, which could have influenced today's bearish movement.

31.02.2025 - COP Stock was up 2.6%

• Today, ConocoPhillips (COP) experienced a strong bullish movement in the market. Here's a witty assessment of what might have caused this surge:
• The company has consistently outperformed the market over the past 5 years, showcasing strong growth and stability in its operations.
• Despite market volatility and gas price fluctuations, ConocoPhillips has managed to maintain a positive trajectory, attracting investors' confidence.
• The recent increase in ConocoPhillips' stock price could be attributed to its robust long-term business outlook, offsetting potential company-specific risks.
• Investors seem optimistic about ConocoPhillips' performance, driving the stock price higher and indicating a positive sentiment towards the company's future prospects.

04.03.2025 - COP Stock was down 9.1%

• The bearish movement in ConocoPhillips' stock can be attributed to the overall volatility in oil and gas prices, which directly impacts the company's upstream operations.
• The options market dynamics also revealed a notable bearish sentiment among financial giants, with a majority of trades showing a pessimistic outlook on COP.
• The news of ConocoPhillips evaluating the sale of Oklahoma assets to raise funds for strategic realignment might have added to the negative sentiment, signaling potential restructuring and divestitures.
• While favorable oil prices have been benefiting companies like EOG Resources, ConocoPhillips' specific exposure to the volatile nature of commodity prices likely contributed to the stock's sharp decline.

08.00.2026 - COP Stock was up 5.2%

• The bearish sentiment on oil from institutional investors could have created a contrarian opportunity for traders, leading to increased buying pressure on COP.
• The reduction in Exxon Mobil Corporation holdings by Allen Wealth Management LLC, coupled with Exxon's warning of potential profit drops, might have shifted investor focus towards other energy companies like ConocoPhillips, driving up its stock price.
• Honeywell's involvement in the Commonwealth LNG project and Murphy Oil Corporation's successful oil discovery off Vietnam could have positively influenced the overall sentiment towards the energy sector, benefiting companies like ConocoPhillips.
• Chevron's discussions with the U.S. government for an expanded Venezuela license may have added a layer of geopolitical risk to the oil market, further pushing investors towards companies like ConocoPhillips with potentially lower exposure to such uncertainties.