Company Reports

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

ConocoPhillips reported EBITDA of $9.32 billion, 8% above S&P's $8.63 billion consensus. During the quarter, it bought into several Middle East projects in Iraq and Syria. CEO Ryan Lance announced his retirement, with CFO Andy O'Brien stepping into the role.

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

We have published an outlook on 2035 North American natural gas demand, which we see growing to 169 billion cubic feet per day (Bcf/d).

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

Conoco revised down its full-year guidance due to production shutdowns in Qatar. Conoco also announced a tolling agreement in Equatorial Guinea, which maintains gas infrastructure utilization as the firm pursues exploration to backfill volumes.

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

The United Arab Emirates announced it will leave The Organization of the Petroleum Exporting Countries after six decades of membership effective May 1.

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

Over the March 14-15 weekend, the US conducted large-scale strikes on Kharg Island, according to NBC News. The island houses Iran's critical crude export terminal, which ships over 90% of Iran's crude exports. We understand that the strikes focused on military targets and avoided oil infrastructure.

On March 10, a CNN source report said Iran has begun laying mines in the Strait of Hormuz. The strait is the world's most important maritime route, as about 20% of global crude volumes pass through it. While not extensive, nearly 15 million barrels per day of crude production are stranded there now.

The US has agreed to provide insurance backstops and naval escorts for commercial vessels transiting the Strait of Hormuz amid Iran's sustained attacks on ships in response to US-Israeli strikes launched over the weekend. In response, Brent prices declined a bit to the upper-70s.

On Feb. 28, the US and Israel launched strikes on Iran with the goal of regime change. Brent benchmark oil prices had risen over 7% by March 2 morning trading.

The US has assembled a massive force of jet fighters and aircraft support to the Middle East. Negotiations over Iran's enrichment of uranium haven't yielded a resolution between the two nations. President Donald Trump indicated he will decide in 10 days whether to begin kinetic strikes against Iran.

Conoco's fourth-quarter earnings reflected lower Brent and WTI oil prices. While Henry Hub natural gas prices rose, pipeline maintenance in the Permian prevented Conoco from realizing the benefit. Management reiterated its plan and discussed brownfield opportunities in the portfolio.

ConocoPhillips has a diversified portfolio of producing assets, enabling it to pursue lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.

On the morning of Jan. 3, 2026, US forces deposed Venezuelan leader Nicolas Maduro. US President Donald Trump indicated the US will run Venezuela until there can be a "proper transition" and has highlighted his desire to substantially increase US private investment in Venezuela's oil infrastructure.

In the wake of the capture and arrest of Venezuelan President Nicolás Maduro, Trump administration officials signaled that US companies would be involved in the restoration of Venezuelan crude production.

ConocoPhillips possesses a diversified portfolio of producing assets, which allows it to capture lucrative international opportunities while maintaining a substantial footprint in the continental United States. We break down its strategy by commodity: oil and gas.