ConocoPhillips rated Buy despite geopolitical risks due to strong US production and oil price potential.

ConocoPhillips is rated Buy as its strong production in the US Lower 48 and potential oil price gains outweigh elevated geopolitical risks from its international operations in Qatar, Libya, Iraq, and Syria. In Q2, the company showed strong execution with record Permian output, $4.2 billion in free cash flow, and $3 billion returned to shareholders, although total production fell 4% year over year. While EOG offers a cheaper, more US-focused oil exposure, ConocoPhillips' international pipeline provides greater scale and flexibility. Investors should weigh the geopolitical risks against the company's solid financial performance and growth potential.

As of Sep 20, 2026 21:11 WIB, ConocoPhillips (COP) trades at USD 131.83 on Pluang, down 1.02% for the day with a market cap of $158.37 billion. Despite the recent price dip, the stock shows a dividend yield of 2.55% and an enterprise value of $173.97 billion. Pluang users are predominantly selling, with 89% of order activity on the sell side, reflecting cautious sentiment around the stock's geopolitical risks and operational scale.