ConcoPhillips Archives - Energy News Beat

ConocoPhillips Announces Q2 2026 Earnings: Strong Beat on Higher Prices Amid Production Dip and Leadership Transition

August 7, 2026 Clark Savage206

Houston-based ConocoPhillips (NYSE: COP), the largest U.S. independent oil and gas producer, reported second-quarter 2026 results on August 6, 2026, that beat Wall Street expectations. Higher commodity prices more than offset a year-over-year decline in production, driving sharp gains in earnings and cash flow. The company also reaffirmed full-year guidance, doubled share repurchases, achieved a […]

Mark P. Mills Covers the Myth of an Energy Transition

July 22, 2026 Clark Savage330

In a timely July 20, 2026, article for City Journal, energy analyst Mark P. Mills dismantles the persistent narrative of an “energy transition” — the idea that wind, solar, and batteries will soon replace oil, natural gas, and coal. Mills, executive director of the National Center for Energy Analytics and author of The Cloud Revolution, […]

ConocoPhillips to Buy 42% Stake in BP’s Iraq Kirkuk Oil Venture

July 18, 2026 Clark Savage405

In a significant move strengthening U.S. energy ties with Iraq, ConocoPhillips has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited (BP ECKL), the contractor entity overseeing the redevelopment of major oil fields in northern Iraq’s Kirkuk region. BP will retain the remaining 58% majority stake. The deal, announced on July […]

BP’s Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War

April 27, 2026April 27, 2026 Clark Savage846

The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer […]

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

February 21, 2026 Clark Savage288

In a move that underscores the ongoing consolidation and optimization in the U.S. oil industry, ConocoPhillips (COP) is reportedly exploring the sale of certain assets in the Permian Basin valued at approximately $2 billion. This development, first reported by Bloomberg, comes as the company seeks to streamline its portfolio following a series of major acquisitions. […]

Oil Options on Longest Bullish Run Since 2024 as Iran Risk Looms

January 28, 2026 Clark Savage253

In the volatile world of energy markets, oil traders are increasingly betting on upward price movements, driven by escalating geopolitical tensions in the Middle East. The global Brent benchmark has shown a call skew—a premium for bullish call options—for 14 consecutive sessions, while the U.S. crude marker has followed suit for 13 days, marking the […]

US Rig Count Up Amid Continued Glut Warnings

December 12, 2025 Clark Savage231

The US oil and gas sector is showing signs of resilience with a recent uptick in drilling activity, even as analysts sound alarms over an impending global oil surplus. According to the latest Baker Hughes data, the US rig count rose by five to 549 in the week ending December 5, 2025, marking the fourth […]

The Trump Administration Opens Massive Oil and Gas Lease Expansion: Who Are the Players?

August 20, 2025 Clark Savage256

In a bold move to revitalize American energy production, the Trump administration has unveiled a sweeping offshore oil and gas leasing schedule through the Department of the Interior (DOI). Announced on August 19, 2025, this initiative marks a stark reversal from the restrictive policies of the previous Biden administration, aiming to unleash domestic resources and […]

Tag: ConcoPhillips

ConocoPhillips Announces Q2 2026 Earnings: Strong Beat on Higher Prices Amid Production Dip and Leadership Transition

Mark P. Mills Covers the Myth of an Energy Transition

ConocoPhillips to Buy 42% Stake in BP’s Iraq Kirkuk Oil Venture

BP’s Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion: Implications for Investors and the Permian Basin\’s Future

Oil Options on Longest Bullish Run Since 2024 as Iran Risk Looms

US Rig Count Up Amid Continued Glut Warnings

The Trump Administration Opens Massive Oil and Gas Lease Expansion: Who Are the Players?

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