ConocoPhillips explores for oil, gets it out of the ground, and refines it until it's ready to go into any of the thousands of petroleum-based products out there. The company is based in Houston, and has been digging for Texas Tea since 1917.
Wow this company is horrible it has lost me lots of money not worth buying.
ConocoPhillips has been going down since I bought it.
yeah, oil is a pretty volatile market, but it went up today:)- 7 months ago
That'll Happen- about 1 year ago
Oil is on the rise - and it looks like COP is following
oil is on the rise all ecsept bp british potroleom since the oil spile in the galf.- over 1 year ago
Gas prices have been in decline. They seem to always go up before or the start of Summer. I expect a higher stock price starting soon and ending before the end of summer. Big variable, if the economy improves even a little, it will help.
Jeffrey thinks if ConocoPhillips were a fast food place, it would be Burger King.
By: Erica Feldkamp, WeSeed Editor Renewable is the new cool, but it will never totally replace oil - try as it may. The world is currently consuming over 80 million barrels of oil every day. In spite of the increasing availability of renewable energy, it is unrealistic to think our oil dependence will be reduced in any meaningful way anytime soon. Moreover, the numbers suggests that, worldwide, we are consuming more than what we're producing, which is slowly draining our world drum. Our gross over-consumption only highlights the simple, unchangeable reality: oil is limited. And this is precisely the reason why this commodity will only get more expensive long term, overriding the volatility we are seeing today. Nigeria, a country that unearths only a third of the amount of oil the U.S. does and less than 10 percent of what the Arab League supplies, decided to increase oil production, altering oil prices significantly on Wall Street. A week later, internal political conflicts sent commodity prices soaring as Wall Street speculated about a stall in supplies. Volatile, for sure. On a larger scale, oil prices are equally unstable. If oil companies restrict supply, raising oil prices, oil demand will fall. However, if prices drop, demand will rise but oil company stock values are likely to fall. High oil prices hurt demand - which could hurt stock value. Lower prices hurt stock value, too. A real tight rope. As the oil companies find their balance on this tight rope, one thing is fairly certain: oil is and will continue to be a hot commodity. It's all about basic economics: as supply dwindles - an inevitable truth - prices paid for the remaining barrels will rise. Oil stocks to follow include: Exxon (XOM) Total SA (TOT) BP Inc. (BP) ConocoPhillips (COP) Chevron (CVX) National Oilwell Varco (NOV) Like diamonds, the last drops of Texas tea will inarguably be sold at a premium. Goldman Sachs analysts believe we'll see $200 a barrel before too long. Do you tnink it will rise that far? To $300 a barrel? The trickier question is this: how long will investors have to ride the rig before prices go and stay sky high?
Current price per share
Today's gain: $-0.74 (-1.00%)
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