Why ConocoPhillips Stock Zoomed Higher on Thursday
(NYSE: COP) stock closed Wednesday in positive territory. On the back of a solid quarterly earnings beat, investors pushed it to a 1.4% gain, good enough to top the 0.6% bump of the S 500 (SNPINDEX: ^GSPC).
For its first quarter of this year, ConocoPhillips booked just over $17.1 billion in revenue, well up from the nearly $14.5 billion in the same period of 2024. Non-GAAP (generally accepted accounting principles) adjusted net income also headed north, rising to just under $2.7 billion ($2.09 per share) from the year-ago profit of $2.4 billion.
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Source Fool.com
ConocoPhillips Stock
€84.63
0.110%
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 117 € there is a positive potential of 38.25% for ConocoPhillips compared to the current price of 84.63 €.
