ConocoPhillips (NYSE:COP) is included among the 12 Best LNG Stocks to Buy in 2026.
ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
On May 22, Morgan Stanley boosted its price target on ConocoPhillips (NYSE:COP) from $149 to $153, while maintaining an ‘Overweight’ rating on the shares. The revised target reflects an upside of 27% from the current price level.
ConocoPhillips (NYSE:COP) exceeded profit estimates in its Q1 results posted last month. However, the company lowered its full-year 2026 production guidance to 2.295-2.325 MMBOED, down from its prior forecast of 2.33-2.36 MMBOED. The energy giant attributed this change to “the full exclusion of Qatar production from guidance for the quarter, the Surmont royalty rate adjustment, and planned second quarter maintenance”.
ConocoPhillips is a partner in QatarEnergy’s LNG export plant that was struck by Iranian missiles during the war, and repairs on the facility are expected to take three to five years.
ConocoPhillips (NYSE:COP) boasts a steady dividend growth history and an impressive annual yield of 2.74%, putting it among the 14 Best Dividend Stocks to Buy for Steady Growth.
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