Houston, Texas-based ConocoPhillips (COP) explores, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. With a market cap of $125.7 billion, ConocoPhillips’ operations span various countries in the Americas, Europe, and Asia-Pacific.
ConocoPhillips stock has lagged behind the broader market by a large margin over the past year. COP stock prices have declined 2.1% on a YTD basis and 4.1% over the past 52 weeks compared to the S&P 500 Index’s ($SPX) surge of 24.3% on a YTD basis and 35.8% over the past year.
