ConocoPhillips (COP) Stock AnalysisCOPStock AnalysisConocoPhillips

ConocoPhillips is an exploration and production company. The Companies segments include Alaska; Lower 48 (L48); Canada; Europe, Middle East and North Africa (EMENA); and Asia Pacific (AP). Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and natural gas liquids (NGLs). The Lower 48 segment consists of operations located in the 48 contiguous states in the United States. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. It operates in the Energy sector (PETROLEUM REFINING industry).

ConocoPhillips is a good buy right now due to its strong financial performance, highlighted by a gross margin of 36.72% in Q2 2026 and a forward P/E ratio of 11.96, indicating potential for growth relative to its earnings. Additionally, the stock is currently priced at $130.35, which is below the average analyst target of $151, suggesting room for upside. However, a risk to consider is the insider selling, which has increased by 104.22% over the last month, indicating potential concerns among company executives.

21 analysts cover COP: 15 rate it Buy, 6 Hold and 0 Sell. The average price target is 115.67.