ConocoPhillips leans on crude, sees long growth runway
COP•COP•COP•COP•ConocoPhillips lifted its quarterly dividend after third-quarter profit beat expectations on stronger crude prices and cost cuts. Analysts’ average rating is “buy,” with a median price target of $151.
J.P. Morgan said CEO O’Brien may focus more on managing the asset portfolio while largely maintaining the company’s long-standing strategy. Morgan Stanley said ConocoPhillips’ initial 2027 outlook was largely in line and that multi-year free cash flow growth remained on track, supported by deep inventory.
Evercore ISI said the investment question is shifting from whether the end-of-decade free cash flow inflection arrives to what sustains growth afterward. Morningstar said stronger 2027 oil futures continue to support margins, while delays to a U.S.-Iran deal may pressure Qatar investments. Thirty-one analysts rate the stock “buy” on average, with a median price target of $151.
