ConocoPhillips Stock Rises After Strong Q2 Results and Higher Oil Prices

ConocoPhillips (COP) is up 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a combination of strong second-quarter results, a larger capital return program, and firmer oil prices that have lifted energy stocks more broadly. The company also reaffirmed its full-year guidance, which likely helped reinforce confidence after last week’s earnings release.

Details:

ConocoPhillips reported second-quarter 2026 earnings of $3.23 per share, or $3.24 per share adjusted, with cash from operations of $7.2 billion.

The company doubled second-quarter share repurchases and lifted total shareholder distributions to $3.0 billion while maintaining its plan to return 45% of cash from operations in 2026.

Management kept full-year guidance unchanged and said third-quarter production is expected to be about 2.29 million to 2.32 million barrels of oil equivalent per day.

Recent strategic updates included $1.7 billion of noncore Lower 48 asset sales that closed in July, an agreement to buy a 42% interest in a Kirkuk-area venture in Iraq, and additional LNG offtake that brought total LNG offtake to 12 MTPA. Higher crude prices today likely added support to the shares.

Sources:

ConocoPhillips Investor Relations, ConocoPhillips, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$COP Insider Trading Activity

$COP insiders have traded $COP stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $COP stock by insiders over the last 6 months:

RYAN MICHAEL LANCE (Chairman and CEO) has made 0 purchases and 2 sales selling 620,021 shares for an estimated $79,518,983.
TIMOTHY A LEACH sold 40,000 shares for an estimated $4,751,684
ANDREW D LUNDQUIST (Senior Vice President) sold 34,500 shares for an estimated $4,128,960
NICHOLAS G OLDS (Executive Vice President) has made 0 purchases and 3 sales selling 33,666 shares for an estimated $4,035,861.
KELLY BRUNETTI ROSE (SVP & General Counsel) has made 0 purchases and 2 sales selling 16,200 shares for an estimated $2,004,556.
WELSH KONTESSA S HAYNES (VP & Controller) sold 10,339 shares for an estimated $1,241,405
HEATHER G. HRAP (Senior Vice President) sold 2,654 shares for an estimated $317,630
SHARMILA MULLIGAN sold 1,974 shares for an estimated $234,906

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$COP Hedge Fund Activity

We have seen 1,115 institutional investors add shares of $COP stock to their portfolio, and 1,174 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 17,244,513 shares (-35.7%) from their portfolio in Q1 2026, for an estimated $2,276,275,716
FISHER ASSET MANAGEMENT, LLC removed 14,277,591 shares (-93.8%) from their portfolio in Q2 2026, for an estimated $1,484,298,360
WELLINGTON MANAGEMENT GROUP LLP removed 10,605,411 shares (-44.1%) from their portfolio in Q1 2026, for an estimated $1,399,914,252
FMR LLC added 8,244,241 shares (+39.0%) to their portfolio in Q1 2026, for an estimated $1,088,239,812
BANK OF AMERICA CORP /DE/ removed 6,628,442 shares (-34.2%) from their portfolio in Q1 2026, for an estimated $874,954,344
HARRIS ASSOCIATES L P removed 6,574,096 shares (-27.4%) from their portfolio in Q1 2026, for an estimated $867,780,672
CAPITAL RESEARCH GLOBAL INVESTORS added 5,003,542 shares (+435.3%) to their portfolio in Q1 2026, for an estimated $660,467,544

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$COP Congressional Stock Trading

Members of Congress have traded $COP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $COP stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 02/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$COP Analyst Ratings

Wall Street analysts have issued reports on $COP in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 06/22/2026
Morgan Stanley issued a "Overweight" rating on 05/22/2026

To track analyst ratings and price targets for $COP, check out Quiver Quantitative's $COP forecast page.

$COP Price Targets

Multiple analysts have issued price targets for $COP recently. We have seen 10 analysts offer price targets for $COP in the last 6 months, with a median target of $146.0.

Here are some recent targets:

Gabe Daoud from Truist Securities set a target price of $115.0 on 07/08/2026
Josh Silverstein from UBS set a target price of $143.0 on 07/08/2026
Nitin Kumar from Mizuho set a target price of $146.0 on 07/07/2026
Devin McDermott from Morgan Stanley set a target price of $146.0 on 06/29/2026
Leo Mariani from Roth Capital set a target price of $130.0 on 06/22/2026
Betty Jiang from Barclays set a target price of $155.0 on 05/26/2026
Betty Zhang from Scotiabank set a target price of $125.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.