ConocoPhillips stock reflects a 20-year LNG supply deal
Published on 10/04/2026 at 18:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ConocoPhillips (ISIN US20825C1045) stock was last at USD 126.75 on the NYSE on October 2, 2026, down 0.24 percent from the prior close. On October 1, 2026, Venture Global announced a long-term agreement under which ConocoPhillips will buy 1.0 million tonnes per year of LNG for 20 years starting in 2030, according to Venture Global.
LNG volume starts in 2030
The contract gives ConocoPhillips a defined LNG supply stream of 1.0 million tonnes per annum from 2030 through 2049, adding a long-dated commitment to its global gas portfolio. MarketBeat describes the financial effect as several years away, making the agreement more relevant to portfolio visibility than to immediate earnings.
Q2 revenue rose 32.4 percent
For the quarter ended June 30, 2026, ConocoPhillips reported revenue of USD 19.52 billion and EPS of USD 3.24, according to MarketBeat. Revenue increased 32.4 percent from the year-earlier quarter, while EPS exceeded the USD 2.90 consensus by USD 0.34.
The company also paid a quarterly dividend of USD 0.84 on September 1, 2026, equal to an annualized USD 3.36, according to MarketBeat.
Analysts see room above USD 141.24
MarketBeat reported on October 3, 2026, that 28 analysts held a Moderate Buy consensus, with an average 12-month target of USD 141.24, a high target of USD 189.00 and a low target of USD 102.00. The average target lies 11.4 percent above the USD 126.75 reference price. StockAnalysis also reports that UBS raised its target from USD 153.00 to USD 169.00 while keeping a Buy rating.
Upstream exposure remains central
ConocoPhillips describes its business as independent exploration and production across 15 countries, covering crude oil, natural gas, LNG and natural gas liquids. That mix ties the stock to both production execution and long-term LNG commitments.
Stock remains below its yearly high
ConocoPhillips stock was last at USD 126.75 on the NYSE on October 2, 2026, 10.5 percent below its 52-week high of USD 141.62 and above its low of USD 85.57. The company had a market capitalization of USD 154.4 billion and volume of 5,196,222 shares on that date.
ConocoPhillips stock facts
- Company: ConocoPhillips
- ISIN: US20825C1045
- Ticker: COP
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 126.75
- Market capitalization: USD 154.4 billion (as of October 2, 2026)
- 52-week range: USD 85.57-141.62 (as of October 2, 2026)
- Sector / Industry: Energy / Oil, Gas and Consumable Fuels
- Index membership: S&P 100
Upcoming dates for ConocoPhillips stock
- November 5, 2026: Third-quarter earnings conference call
