ConocoPhillips has raised its capital expenditure guidance for 2026, highlighting its commitment to development projects in the Greater Ekofisk area, and is expected to increase gas deliveries to Europe. The company reported Q1 2026 earnings of $1.89 per share, beating expectations, despite a 6.1% year-over-year revenue decline to $15.76 billion. Analysts are optimistic, with Freedom Broker raising its price target for the stock from $125 to $130, as institutional ownership remains strong at 82.4%.
“ConocoPhillips · raised capex guidance · true”
“ConocoPhillips (NYSE:COP) · has dividend growth rate · 5-year average dividend growth rate · 14.05%”
“Freedom Broker · downgraded · ConocoPhillips (NYSE:COP) · Hold from Buy”
“Freedom Broker · increased price target on the stock · ConocoPhillips (NYSE:COP) · $130 from $125”
“ConocoPhillips · received approval · development and operating plans · for a project in the Greater Ekofisk area”
“ConocoPhillips · expected to increase · gas deliveries · to Europe”
“ConocoPhillips · holds stake · Albuskjell and Vest Ekofisk · 35.1%”
“ConocoPhillips · holds interest · Tommeliten Gamma · 28.3%”
“ConocoPhillips · delivered · adjusted earnings per share · $1.89”
“ConocoPhillips · beat · the Zacks Consensus Estimate · $1.73”
“ConocoPhillips · generated · total production · 2,309 thousand barrels of oil-equivalent per day”
“ConocoPhillips · is still owed · $12bn · from Chávez’s expropriation of its interests”
