ConocoPhillips

ConocoPhillips (NYSE: COP) is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs.

As per US Dailies Report published on ‘COP’ on Sep 02, 2025, Kalkine provided an ‘Buy’ stance on the stock at USD 98.32 based on technical analysis and the stock price has now moved up by ~ 9.43% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

ConocoPhillips’ fourth-quarter performance reflected meaningful earnings pressure, with net profit declining to USD 1.44 billion from USD 2.31 billion a year earlier as weaker realized commodity prices more than offset higher production volumes. Adjusted earnings of USD 1.02 per share came in below market expectations, underscoring margin compression driven by a 19% year-over-year drop in average realized prices. While output growth remained solid and management is pursuing cost reductions to protect cash flows, the near-term outlook continues to be constrained by softer pricing dynamics, limiting upside potential despite stable production guidance for the year ahead.

Share Price Chart  

Conclusion

Given sharp year-over-year decline in profits, below-expectation adjusted earnings, driven by weaker realized prices despite higher production, and constrained upside momentum, a "Sell" recommendation on ConocoPhillips (NYSE: COP) has been given at the closing market price of USD 107.59 as on 04 Feb 2026.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 04 February 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.