ConocoPhillips (COP) Gets Higher Target at Roth Capital as Cost Cuts Progress

ConocoPhillips (NYSE:COP) is included among 13 Best Long Term Low Risk Stocks to Buy Now.

On February 5, Roth Capital Partners accrued its terms nonsubjective connected ConocoPhillips (NYSE:COP) to $112 from $105. It besides kept a Buy standing connected the stock. The determination followed the company’s fourth-quarter results, unchanged 2026 superior spending plans, and dependable advancement connected a $1B cost-cutting program. As Roth rolled retired its archetypal look astatine 2027, it said it expects humble accumulation maturation adjacent year, with full volumes up astir 2% and lipid accumulation up astir 1%.

That aforesaid day, ConocoPhillips said it plans to trim superior and operating costs by $1 cardinal successful 2026. The announcement came aft the institution fell abbreviated of Wall Street’s nett expectations for the 4th quarter, pressured by weaker crude prices. Lower lipid prices person been squeezing producers crossed the industry, pushing galore to tighten budgets, propulsion backmost connected drilling, and chopped jobs.

During the quarter, ConocoPhillips realized an mean terms of $42.46 per tube of lipid equivalent, astir 19% little than a twelvemonth earlier. Because the institution mostly does not hedge its production, its results thin to way commodity prices much closely. Chief enforcement Ryan Lance said the latest outgo cuts physique connected much than $1 cardinal successful yearly synergies captured successful 2025 pursuing the $22.5 cardinal acquisition of Marathon Oil.

ConocoPhillips besides said it completed $3.2 cardinal successful plus income during 2025 and remains connected gait to scope its $5 cardinal divestment extremity by the extremity of 2026 arsenic it continues to streamline the business. As portion of a broader restructuring outlined past year, the institution plans to trim its workforce by astir 20% to 25%.

ConocoPhillips (NYSE:COP) is an exploration and accumulation institution with operations spanning Alaska and the Lower 48, including the Gulf of Mexico, producing crude oil, earthy gas, and NGLs.

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