Professional
Added to YB: 2024-03-07
Pitch date: 2024-03-06
COP [bullish]
ConocoPhillips
-10.81%
current return
Author Info
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Company Info
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids.
Market Cap
$116.7B
Pitch Price
$105.80
Price Target
150.00 (+57%)
Dividend
3.34%
EV/EBITDA
5.29
P/E
12.52
EV/Sales
2.27
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
ConocoPhillips plans to return $9 billion to shareholders in 2024
$COP: Adj Q4 EPS $2.40 vs $2.71, rev -21% to $14.7B; '24 prod 1.91-1.95 MMBOE/d, capex $11-11.5B; Returning $9B to shareholders in '24; Argus reaffirms Buy, $150 PT on disciplined investment, strong FCF & shareholder returns via div growth + buybacks.
Read full article (6 min)