ConocoPhillips (COP), with a market cap of $123.70 billion, is an independent exploration and production company in the energy sector. Headquartered in Houston, Texas, ConocoPhillips is dedicated to the responsible and efficient extraction and production of oil, natural gas, and natural gas liquids. With operations spanning North America, Europe, Asia, and Australia, ConocoPhillips plays a vital role in the global energy market.
ConocoPhillips has significantly underperformed the broader market over the last year. The stock has declined 8.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.5%. In 2024 alone, the stock has lost 8.9%, compared to SPX's 12.1% gains on a YTD basis.
