Latest news with #ConocoPhillips
Daily Express
25 minutes ago
- Business
- Daily Express
Bright prospects for east coast
Published on: Sunday, June 29, 2025 Published on: Sun, Jun 29, 2025 Text Size: 'The goal is for Sabah to become not just a place where oil and gas is extracted, but a regional hub for oil and gas services and innovation," Masidi said. MASIDI said more international oil companies are showing interest in Sabah, citing ConocoPhillips which has already started exploration work in northeast Sabah, while other American companies are considering investments. 'This expansion could benefit the East Coast which has not seen much oil industry activity compared to the west coast. 'In the not-too-distant future, the people in the east of Sabah will eventually get the benefits of the oil industry,' Masidi said. Sabah produces nearly 40 per cent of Malaysia's oil and close to 20 per cent of its gas, making it important for the country's energy needs. 'Sabah is blessed with abundant natural resources that are important contributors to the country's energy sector,' he said. Masidi also noted the recent agreement between Malaysia and Indonesia about disputed sea areas, whereby instead of fighting over who owns what, both countries will work together to extract oil and gas from overlapping claim areas. 'Instead of both losing, why not we jointly exploit the area claimed by both countries. You get some, we get some,' he said, adding that this could bring more business to Tawau and Lahad Datu. Looking forward, Masidi urged local businesses to keep improving their skills and work together on bigger projects. 'Our commitment to prioritising Sabahan companies remains paramount. However, this requires local businesses to actively invest in enhancing capabilities, forge strategic partnerships and embrace innovation,' he said. He urged business chambers to be bold, be visionary and be future-ready, encouraging companies to form partnerships that combine local knowledge with international expertise. 'The goal is for Sabah to become not just a place where oil and gas is extracted, but a regional hub for oil and gas services and innovation. 'Let us work together to usher in a new chapter for Sabah's oil and gas industry, one defined by greater empowerment, genuine inclusivity and local participation,' he said. KCCI President Datuk Ladislaus Maluda said the forum aims to foster collaboration and discuss market trends and industry investment opportunities, especially in oil and gas. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
10 hours ago
- Business
- Yahoo
Geopolitical Chaos Paves Way for ExxonMobil, Chevron, and ConocoPhillips to Capitalize
Oil prices paused their recent climb this week as tensions between Israel and Iran appear to be easing, and crucially, the Strait of Hormuz remains operational. However, given that both parties have already violated the terms of the U.S.-led ceasefire, it would be premature to assume that lasting stability will be achieved in the region. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter With the Middle East remaining a potential flashpoint, investors may want to stay prepared for renewed volatility in energy markets. In this context, established energy leaders such as ExxonMobil (XOM), Chevron (CVX), and ConocoPhillips (COP) offer a strategic way to maintain exposure to potential upside in oil prices amid geopolitical uncertainty. These three energy giants could be the key to navigating volatility while gaining exposure to a potential oil price shock that would significantly boost earnings and revenues, despite its detrimental impact on international trade and consumer prices. For many income-focused investors, ExxonMobil is a core holding. Its massive daily output of around 4 million barrels makes it one of the most reliable names in energy. Furthermore, its diversified portfolio, ranging from upstream exploration in places like Guyana to downstream refining, means it is not just banking on crude prices remaining high. Recent moves, such as its $59.5 billion acquisition of Pioneer Natural Resources last year, have also significantly increased its Permian Basin output, positioning it to produce low-cost shale oil even if prices decline, as we saw this past week. Recently, Exxon has been vocal about the Israel-Iran tensions, with CEO Darren Woods noting the Strait of Hormuz's critical role in global oil flows, as approximately one-third of seaborne crude oil passes through it. If that chokepoint gets squeezed if tension re-escalates, Exxon's global supply chain could face hiccups, but its ability to redirect through pipelines, such as Saudi Arabia's to the Red Sea, should give it an edge. Regardless, with a 42-year track record of uninterrupted annual dividend increases, Exxon has demonstrated its ability to navigate even the most challenging times in the sector, all while maintaining a reliable and growing dividend. Currently, most analysts are bullish on XOM stock. The stock has a Moderate Buy consensus rating, based on nine Buy and six Hold ratings assigned over the past three months. No analyst rates the stock a sell. XOM's average stock price target of $123.40 implies ~13% upside over the next twelve months. Chevron produces around 3 million barrels per day, but what really sets it apart is its balanced strategy. Its Gulf of Mexico operations and Tengiz project in Kazakhstan keep the oil flowing. At the same time, its $53 billion acquisition of Hess Corporation last year added Guyana's high-margin Stabroek block to its arsenal. Moreover, beyond oil, Chevron is investing in renewables like hydrogen and carbon capture, which could help cushion it against long-term energy shifts. The Israel-Iran ceasefire has calmed oil markets, but Chevron is set to benefit again from higher oil prices if tensions peak, while today's LNG deal with Energy Transfer (ET) shows the energy giant is doubling down on gas exports, a smart hedge if you can me in case crude takes a hit. It's worth noting that Chevron is also less exposed to Strait of Hormuz risks than pure Gulf producers, thanks to its global footprint and pipeline access, such as the UAE's Fujairah terminal. On Wall Street, Chevron stock carries a Moderate Buy consensus rating based on 10 Buy, six Hold, and two Sell ratings. CVX's average stock price target of $159.50 implies almost 11% upside potential over the next twelve months. ConocoPhillips is the scrappy underdog of the trio, with a heavy focus on U.S. shale and unconventional plays. Its $22.5 billion acquisition of Marathon Oil last year strengthened its positions in the Permian and Eagle Ford, enhancing its low-cost production capacity. Boasting about 2.3 million barrels per day, COP is leaner than Exxon or Chevron but quick to ramp up output when prices climb. That makes it an ideal option for those who want to bet on short-term oil price spikes. The Israel-Iran conflict hasn't, of course, directly impacted Conoco's U.S.-centric operations; however, a Strait closure could still send global prices soaring, and Conoco will be ready to capitalize on the opportunity if tensions resume. Further, its Alaskan Willow project, slated to add 180,000 barrels per day by 2029, demonstrates that management is committed to long-term oil production (long oil). In my view, COP's high-quality assets make it a prime pick if Middle East volatility pushes Brent above $80 again. ConocoPhillips is currently covered by 18 Wall Street analysts, most of whom hold a bullish outlook. The stock carries a Strong Buy consensus rating with 16 analysts assigning a Buy, and only two a Hold rating over the past three months. COP's average price target of $113.50 suggests approximately 26% upside potential over the next twelve months. The Israel-Iran ceasefire may have taken some heat out of oil prices, but expecting long-term stability feels premature. ExxonMobil, Chevron, and ConocoPhillips each bring something unique to lean on for those who want to remain long oil: Exxon's global muscle, Chevron's enduring diversification, and Conoco's shale-fueled agility. With the Strait of Hormuz still a flashpoint and both sides itching to break the truce, these oilers are well-placed to capitalize on any price surges. Substantial dividends and smart plays (from recent acquisitions to bets on alternatives) make them dependable portfolio anchors. And if tensions flare up again in the Middle East, these three could deliver standout gains. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Here Are My Top 3 Energy Dividend Stocks to Buy Now
The energy sector can be a great spot to shop for dividend stocks. Many energy companies generate lots of cash flow, even during periods of commodity price volatility. That gives them the funds to pay lucrative dividends while investing to grow their operations. Brookfield Renewable (NYSE: BEPC)(NYSE: BEP), ConocoPhillips (NYSE: COP), and Energy Transfer (NYSE: ET) are my top three energy dividend stocks to buy right now. Here's what makes them such attractive income options. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Powerful income growth Brookfield Renewable is one of the largest renewable energy producers in the world. The company has a global business spanning hydro, wind, solar, and energy storage. It sells the power it produces under long-term power purchase agreements (PPAs) with utilities and large corporate customers, most of which link rates to inflation. As a result, Brookfield generates stable and steadily rising cash flow to support its nearly 5% yielding dividend. The company has grown its payout at a 6% compound annual rate since 2001. It expects to increase its dividend by 5% to 9% per year in the future. Brookfield should have plenty of power to achieve dividend growth within that target range. Inflation-linked PPAs should add 2%-3% to its funds from operations (FFO) per share each year. On top of that, Brookfield expects margin enhancement activities such as securing higher market rates as legacy PPAs expire to add another 2% to 4% to its FFO per share each year. Meanwhile, the company has a large pipeline of renewable energy projects, which should boost its FFO per share by another 4% to 6% each year. Brookfield also has the financial flexibility to make accretive acquisitions, which it anticipates will help push its FFO per-share growth rate above 10% annually. A low-cost, cash-gushing oil company ConocoPhillips has built one of the world's lowest-cost oil and gas producers. CEO Ryan Lance noted on the company's first-quarter earnings conference call in early May: "We have a deep, durable, and diverse portfolio. We have decades of inventory below our $40 per barrel WTI [West Texas Intermediate] cost-to-supply threshold, both in the U.S. and internationally." The company also has a disciplined capital allocation framework that Lance said is "battle-tested through the cycles." On top of that, it has an A-rated balance sheet, giving it tremendous financial flexibility. Those factors put its dividend (which yields more than 3% right now) on a rock-solid foundation. ConocoPhillips has been growing its payout at a well-above-average rate, which it expects will continue. It aims to deliver dividend growth within the top 25% of companies in the S&P 500 in the future. Fueling that growth is its combination of short-cycle development (U.S. shale) and long-cycle investments (Alaska and LNG). ConocoPhillips expects those long-cycle investments to fuel an incremental $6 billion in annual free cash flow by 2029, putting it on track to deliver sector-leading growth. A passive-income juggernaut Energy Transfer operates one of the country's largest energy midstream businesses. It transports, processes, stores, and exports various hydrocarbons. Most of its assets generate predictable fee-based cash flow (roughly 90% of its earnings). The master limited partnership (MLP), which sends investors a Schedule K-1 Federal Tax Form each year, so investors need to be comfortable with the extra paperwork,, distributes about half its stable cash flow to investors via a payout that currently yields more than 7%. It retains the rest to fund growth projects and maintain its financial flexibility. Energy Transfer is investing $5 billion into growth capital projects this year. Most of those projects will enter commercial service by the end of next year, fueling incremental earnings growth in 2026 and 2027. The MLP has several more expansion projects under development. It also has a long history of making accretive acquisitions. Its growth investments fuel the view that it can increase its high-yielding payout at a 3% to 5% annual rate in the coming years. Ample fuel to pay growing dividends Brookfield Renewable, ConocoPhillips, and Energy Transfer generate lots of cash flow. That gives them the funds to pay above-average dividends that they steadily grow. That combination of income and growth is why they're my top dividend stocks to buy in the sector. Should you invest $1,000 in Brookfield Renewable right now? Before you buy stock in Brookfield Renewable, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Brookfield Renewable wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Matt DiLallo has positions in Brookfield Renewable, Brookfield Renewable Partners, ConocoPhillips, and Energy Transfer. The Motley Fool recommends Brookfield Renewable and Brookfield Renewable Partners. The Motley Fool has a disclosure policy.
Yahoo
2 days ago
- Business
- Yahoo
ConocoPhillips (COP) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, ConocoPhillips (COP) was up +2.12% at $90.89. The stock outpaced the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.94%, and the technology-dominated Nasdaq saw an increase of 0.97%. Coming into today, shares of the energy company had gained 5.23% in the past month. In that same time, the Oils-Energy sector gained 3.8%, while the S&P 500 gained 5.12%. The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is expected to report EPS of $1.41, down 28.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $14.93 billion, up 5.63% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.21 per share and a revenue of $62.36 billion, indicating changes of -20.28% and +9.5%, respectively, from the former year. It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.38% upward. Right now, ConocoPhillips possesses a Zacks Rank of #3 (Hold). Looking at valuation, ConocoPhillips is presently trading at a Forward P/E ratio of 14.33. Its industry sports an average Forward P/E of 16, so one might conclude that ConocoPhillips is trading at a discount comparatively. We can also see that COP currently has a PEG ratio of 2.41. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices. The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 175, which puts it in the bottom 29% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Guardian
2 days ago
- Business
- The Guardian
Elizabeth Warren presses oil companies on tax break lobbying for Senate bill
Democratic lawmakers led by the Massachusetts senator Elizabeth Warren are pressing two energy companies about their efforts to 'win a $1.1bn tax loophole' in Donald Trump's so-called 'big, beautiful bill'. The proposed exemption, which Senate Republicans inserted into their version of the reconciliation mega-bill this month, would exempt fossil fuel companies from paying a tax codified by Biden in 2022. 'It's an insult to working people to give oil companies a massive tax handout while slashing healthcare and raising energy prices for millions of families,' Warren, who was a major advocate for the tax, told the Guardian. Enshrined within the Inflation Reduction Act, the corporate alternative minimum tax (CAMT) requires corporations with adjusted earnings over $1bn to pay at least 15% of the profits they report to their shareholders, which are known as 'book profits', in taxes. The Senate finance committee's proposal would shield domestic drillers from that tax by allowing companies to deduct certain drilling costs when calculating their income – a change that would allow some companies to pay zero dollars in federal taxes. Winning the tax tweak has been a major priority for fossil fuel interests this year. The oil major ConocoPhillips and Denver-based petroleum company Ovintiv directly lobbied for the change, federal disclosures show. On Thursday morning, Warren, the Rhode Island senator Sheldon Whitehouse, the Oregon senator Ron Wyden and the Senate minority leader, Chuck Schumer, sent letters to ConocoPhillips and Ovintiv pressing for answers on their role in shaping the CAMT change. 'Your company's lobbying disclosures explicitly prioritize this handout,' read the letters, which were shared exclusively with the Guardian. Both companies could 'benefit tremendously from this provision', read the letters, which are addressed to the ConocoPhillips CEO, Ryan Lance, and the Ovintiv CEO, Brendan McCracken, respectively. The Guardian has contacted ConocoPhillips and Ovintiv for comment. In their missives, the senators asked how much each company has spent on lobbying for the provision and will spend this year, how much each has donated to elected officials advocating for fossil fuel tax cuts, and how much of a reduction in taxes each company would see if the provision is finalized, requesting answers by 9 July. 'The rationale for CAMT was simple: for far too long, massive corporations had taken advantage of loopholes in the tax code to avoid paying their fair share, sometimes paying zero federal taxes despite earning billions in profits,' the signatories wrote. The proposed change, the letters note, closely resembles a bill introduced by the Oklahoma senator James Lankford this year, which would allow companies to subtract 'intangible drilling and development costs' from their CAMT income calculations. Lankford accepted nearly $500,000 in donations from the fossil fuel sector between 2019 and 2024, making it his top source of industry funding. The Guardian has contacted the senator for comment. Deductions for intangible drilling costs – referring to costs incurred before drilling, such as for labor and equipment – have been on the books since 1913, making them the oldest, largest US fossil fuel subsidy, according to one report on the Lankford proposal. 'Big oil now wants this deduction to apply not only for purposes of their taxable income, but for book income purposes as well,' the letters say. 'Put another way, if enacted, this provision would reduce or even eliminate tax liabilities for oil and gas companies under CAMT, allowing some to pay no federal income taxes whatsoever.' Other energy-related provisions in the draft reconciliation bill would phase out incentives for clean energy manufacturing and energy efficiency, causing utility bills to rise and jobs to be lost. This makes the tax break proposal 'especially insulting', says the letter, which was sent as temperatures spiked across much of the US. 'Americans deserve to know if big oil paid for these Republicans in Congress to carve out tax breaks just for them,' said Warren. As drafted, the reconciliation bill would also jeopardize energy security by curbing the growth of renewable energy, Schumer told the Guardian. 'The Republicans' plan is a complete capitulation to big oil at the expense of clean energy and American families' wallets,' Schumer said. 'Republicans would rather kill over 800,000 good-paying jobs and send energy costs skyrocketing than stand up to their big oil billionaire buddies.'
