ConocoPhillips’ Post

TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S. The divergence over ESG measurements shows up in valuations, with TotalEnergies’ stock priced at eight times earnings expected a year from now, against 12 times for U.S. giant Exxon Mobil Corp.

ConocoPhillips (COP) recently closed at $127.81, down 0.41%, but has gained 5.27% over the past month, outperforming the Oils-Energy sector and S&P 500. The company is expected to report an EPS of $2.11 and revenue of $14.79 billion on May 2, 2024, with annual earnings and revenue projected to increase by 6.61% and 4.2%, respectively. COP holds a Zacks Rank #3 (Hold) with a favorable valuation, trading at a Forward P/E of 13.73 and a PEG ratio of 2.75, indicating potential for future growth.

Chevron's Q4 2023 results are in, and analysts are bullish! The average price target sits at $176.63, with some predicting as high as $196.00. That's a potential 14.14% upside from the current price of $154.75.

🚀 **Big News in the Oil Patch!** 🚀 ConocoPhillips is making waves with a $17 billion all-stock deal to acquire Marathon Oil! 🌟 This is a huge step in the U.S. oil and gas consolidation trend. This move not only expands ConocoPhillips’ reach from Texas to North Dakota but also boosts their reserves globally. 🌍 It’s all part of a big bet that oil and gas demand will stay strong for years. 📈 The deal, which values Marathon at a 14.7% premium, brings ConocoPhillips into the big leagues of recent megadeals. Remember when Exxon grabbed Pioneer for $62 billion? Or when Chevron bought Hess for $53 billion? Now, ConocoPhillips is joining the party! 🎉 But unlike those other deals, this one focuses on cutting costs in the aging Eagle Ford and Bakken shale basins. 🛢️💰 ConocoPhillips shares dipped 2.3%, while Marathon jumped 11%. 📉📈 And yes, there might be some antitrust scrutiny coming their way. 🤔 The deal adds 2 billion barrels to ConocoPhillips' inventory and is expected to close by the fourth quarter. Plus, they’re upping share buybacks to over $20 billion and boosting dividends by 34%! 💸💵 Advisors on the deal? Evercore for ConocoPhillips and Morgan Stanley for Marathon. Legal advice from Wachtell, Lipton, Rosen & Katz, and Kirkland & Ellis. 👩⚖️👨⚖️ Stay tuned, because this oil drama is just heating up! 🔥 #OilAndGas #ConocoPhillips #MarathonOil #BigDeals #EnergyIndustry #MarketWatch

What's the deal with Exxon and Chevron doubling down on fossil fuels? John Teahan discusses his take on the recent acquisitions made by oil majors, Exxon and Chevron, as the transition to a low carbon future accelerates. Read more here: https://lnkd.in/edDtHc5G No investment strategy or risk management technique can guarantee returns or eliminate risks in any market environment. #oil #lowcarbon #transition

With so much negative news on global warming, might we sometimes miss a positive signal? While the US oil majors may not be investing in low carbon energy, like some of their European peers, their actions tell us that they recognise the transition is very much underway. Recent deals were not about the majors confidently investing in new fossil assets, but about low cost barrels, flexibility and cost cutting. Share based transactions, not hard cash! The IEA estimated that of the $2.8 trillion that will be invested in energy in 2023, 60% will go to clean energy, 40% to unabated fossil fuels... little wonder the US majors are reshaping their businesses, attempting to make themselves more resilient to lower future demand. Here is my blog on the recent deals… #sustainability #markets #energy

Big oil’s high bar It’s tough being Big Oil in a stock market obsessed with tech. This earnings season, strong operational updates by Chevron, Exxon Mobil and Shell weren’t enough to prevent the sector from falling further behind the increasingly colossal US tech giants in terms of valuations and market value. As my colleague Kevin Crowley writes, “equity investors appear to be sending a clear message that Big Tech is the future, and Big Oil is the past.’’ More immediately — Brent crude is slipping today for a fourth day, its longest losing streak since the start of the year. But some money managers are ramping up their bullish bets, recently increasing their Brent long positions by the most in more than five years.(Bloomberg)

🌟 “Shell CEO Dismisses Stock Market Listing Shift as Solution to Valuation Gap” 🌐 Shell’s CEO, Wael Sawan, emphasized that shifting the company’s stock market listing from the UK to the US won’t address the underlying undervaluation of its shares. The valuation gap compared to US giants Exxon Mobil and Chevron remains a key focus for European majors. While Sawan had previously considered a move, the discussion continues, with TotalEnergies’ Patrick Pouyanne set to update the board in September. 📈💼🌐🔍 #Shell #CorporateStrategy #CompetitiveIntelligence #StockMarketListing #ValuationGap

Thanks, Rob King and Josh Young. Based on recent cash flow results, I thought the deal was neutral for both. Marathon Oil Corporation shareholders had a disappointing couple of years. The acquisition of Ensign and the repurchase of 23% of the outstanding shares did not move the share price. The flip side of that coin is that the Ensign acquisition was not accretive in operating cash flow terms. The management used $3b they could have otherwise repaid their debt and gotten rid of $2/boe of interest expense, potentially raising their credit rating from a BBB- to a BBB+. The investors could have shown more patience, waiting for the market to shift from being a voting machine back to the weighing machine it typically is. https://lnkd.in/eCx6n5QS

Exxon Mobil and Chevron's Q1 Earnings: A Tale of Divergent Stock Performances Energy titans Exxon Mobil and Chevron exhibited differing stock performances after unveiling their first-quarter earnings. Both companies grappled with challenges such as declining natural gas prices and shrinking refining margins, impacting their profits. Despite these obstacles, Chevron exceeded expectations on adjusted earnings per share, showcasing resilience in tough market conditions. Analysts Jared Blikre and Julie Hyman delve into the financial health of these corporations on Yahoo Finance, analyzing the influences behind the latest stock movements. #VeritasMedia#EnergySector#StockMarket#ExxonMobil#Chevron#EarningsReport#Q1Earnings#Investing#FinanceNews#MarketTrends #NaturalGasPrices #RefiningMargins #CorporateFinance #YahooFinance#MarketAnalysis#FinancialPerformance#OilAndGas#EconomicImpact #SharePrices #InvestorInsights #BusinessNews