Wells Fargo has initiated coverage on ConocoPhillips (COP) with an Equal-Weight rating as of October 16, 2025. This marks the firm's first assessment of the energy giant, which is engaged in the exploration, production, transport, and marketing of crude oil, bitumen, and natural gas.
ConocoPhillips, headquartered in Houston, Texas, operates across various segments, including Alaska, the Lower 48 states, Canada, Europe, the Middle East, North Africa, and the Asia Pacific. The company boasts a market capitalization of $107.0 billion and a P/E ratio of 11.65, with an earnings per share (EPS) of 7.48. Its current price stands at $90.70, and it offers a notable dividend yield of 392.2%.
Analyst ratings and price targets provide insights based on extensive research and financial models. However, they reflect assumptions and estimates that may not materialize as anticipated. Investors should weigh these ratings alongside company fundamentals, competitive positioning, and broader industry trends.
Looking ahead, ConocoPhillips is set to report its next earnings on August 4, 2026, with an EPS estimate of $1.57 and revenue expectations of $14.6 billion. The recent performance has been solid, with Q3 2025 earnings surpassing estimates by 11.4%.
As of November 1, 2025, the analyst consensus on ConocoPhillips reflects a Buy rating, with 8 Strong Buy, 19 Buy, and 7 Hold ratings among 34 total analysts. Such decisions reflect a diverse range of opinions, underscoring the importance of considering multiple perspectives in investment decisions.
This update provides insight into the evolving landscape for ConocoPhillips, a key player in the energy sector, as it navigates market dynamics and investor expectations.