ConocoPhillips, US20825C1045

ConocoPhillips stock: Goldman Sachs raises target to USD 157 for ConocoPhillips stock

Published on 10/21/2026 at 15:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are scheduled for November 5, 2026, before the market opens. ConocoPhillips stock costs EUR 129.26 on October 21, 2026.

Goldman target raised to USD 157

Goldman Sachs raised its ConocoPhillips target from USD 146.00 to USD 157.00 on October 20, 2026.
ConocoPhillips will release third-quarter 2026 results before the market opens on November 5, 2026.
ConocoPhillips stock costs EUR 129.26 at Lang & Schwarz on October 21, 2026 at 3:36 p.m. CEST.

Schwarzweiß-Reportagefoto von Ölarbeitern auf einer Bohrplattform — ConocoPhillips Bohrarbeiter auf der Plattform in dokumentarischer Schwarz Weiß Reportage, Aktie US20825C1045, Illustration mit AI erstellt.

ConocoPhillips raised its analyst attention after Investing.com reported on October 20, 2026 that Goldman Sachs lifted its price target from USD 146.00 to USD 157.00 while maintaining a Buy rating. ConocoPhillips stock was trading at EUR 129.26 at Lang & Schwarz on October 21, 2026 at 3:36 p.m. CEST.

Results date sets the next test

ConocoPhillips will release its third-quarter 2026 financial and operating results before the market opens on November 5, 2026, followed by a conference call at 12:00 p.m. Eastern time. The date was announced in the company's September 24, 2026 release, which is available on ConocoPhillips.

What does the valuation show?

The NYSE listing was last quoted at USD 144.50 on October 21, 2026 at 9:45 a.m. ET, down from USD 145.97. The same market snapshot placed ConocoPhillips at a market capitalization of USD 173.6 billion, with a price-to-earnings ratio of 19.16 and a dividend yield of 2.00 percent.

The one-year range ran from USD 85.57 to USD 147.15 as of October 21, 2026. That leaves the stock USD 2.65 below its yearly high, while the latest NYSE quote remained USD 58.93 above the low. The euro quotation and the NYSE quotation represent separate trading venues and are not combined into one performance figure.

Goldman changes the earnings backdrop

Goldman Sachs said its revised target reflected higher commodity estimates and a higher valuation multiple. Its price-to-earnings assumption rose to 13.5 times from 13.0 times, while its enterprise-value-to-debt-adjusted-cash-flow assumption increased to 7.5 times from 7.0 times, according to Investing.com on October 20, 2026.

For investors, the November report is the next dated test of the assumptions behind the target increase. The company operates as an exploration and production group across oil, natural gas, liquefied natural gas and natural gas liquids.

Stock price and investor calendar

ConocoPhillips stock was trading at EUR 129.26 at Lang & Schwarz on October 21, 2026 at 3:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.