
ConocoPhillips (COP) Stock Forecast & Price Target
ConocoPhillips (COP) Analyst Ratings
Bulls say
ConocoPhillips is expected to have strong cash flow in the first quarter of 2026 as a result of higher realizations and a net effect of higher realizations and lower production. Despite a slight increase in capex due to winter construction in Alaska, the company's long-term free cash flow growth and commodity leverage make it an attractive investment opportunity, especially given its limited exposure to geopolitical tensions in the Middle East. Additionally, COP's upstream performance is expected to remain strong, with efficiencies and improvements in drilling and well productivity. The company also has a strong resource position and potential for further low-cost resource additions through exploration in Alaska, Libya, and EG. Overall, ConocoPhillips is a solid investment choice with expected long-term sustainability and free cash flow generation.
Bears say
ConocoPhillips is expected to have weaker production and earnings in the first quarter of 2026. This decline is primarily driven by lower production due to outages in Qatar and higher royalty terms in Surmont. Additionally, while higher commodity prices and realizations may provide a short-term boost, there are headwinds such as Waha pricing in the Permian and ANS differentials that could negatively impact earnings and offset any potential gains.
This aggregate rating is based on analysts' research of ConocoPhillips and is not a guaranteed prediction by Public.com or investment advice.
ConocoPhillips (COP) Analyst Forecast & Price Prediction
Start investing in ConocoPhillips (COP)
Order type
Buy in
Order amount
Est. shares
0 shares