ConocoPhillips (NYSE:COP) Stock Update and Financial Outlook

• Wells Fargo maintains an "Overweight" rating for ConocoPhillips (NYSE:COP), raising the price target from $113 to $117.
• COP's stock experienced a 3.15% drop, closing at $91.71, yet has increased by 11.15% over the past month.
• Upcoming earnings report expected to show earnings of $1.41 per share and quarterly revenue of $14.92 billion.

ConocoPhillips (NYSE:COP) is a major player in the oil and gas industry, focusing on exploration, production, and transportation of petroleum products. The company competes with other energy giants like ExxonMobil and Chevron. On June 26, 2025, Wells Fargo maintained its "Overweight" rating for COP, with the stock priced at $89. They also raised the price target from $113 to $117.

Recently, COP's stock closed at $91.71, marking a 3.15% drop from its previous close, as highlighted by Zacks. This decline contrasts with the broader market, where the S&P 500, Dow Jones, and Nasdaq all saw gains. Despite this dip, COP has increased by 11.15% over the past month, outperforming the Oils-Energy sector's 6.67% gain and the S&P 500's 0.5% rise.

Investors are eagerly awaiting COP's upcoming earnings report. The company is expected to announce earnings of $1.41 per share, indicating a 28.79% year-over-year decline. However, quarterly revenue is projected to rise by 5.52% to $14.92 billion. For the full fiscal year, earnings are forecasted at $6.21 per share, with total revenue of $62.36 billion.

Currently, COP's stock is priced at $89, reflecting a slight decrease of 0.44%. The stock has traded between $88.80 and $90.02 today. Over the past year, COP has seen a high of $118.40 and a low of $79.88. The company has a market capitalization of approximately $112.35 billion, with a trading volume of 6,374,190 shares today.