Cold Snap Hits U.S. Oil and Gas Production [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
According to estimates by Energy Aspects, the Permian alone saw production outages of around 1.5 million barrels daily. However, production is already recovering, and the lost output in the Permian is down to some 700,000 barrels daily. Output is expected to be fully restored by the end of the month. Bloomberg reported Monday that refiners were also curtailing operations amid the frigid weather that caused a surge in electricity demand and fears that low temperatures could compromise gas supply, as they did five years ago during Winter Storm Uri. Indeed, the weather may have caused a 22% production drop in natural gas in the southern central U.S. corridor, Bloomberg cited a TP ICAP Group analyst as saying. This could mean an oil production drop of 1 million barrels daily in that region, Scott Shelton added. Among the companies reporting trouble with production, Reuters listed Exxon, Occidental, Chevron, and ConocoPhillips. Conoco's oil production was down by a reported 175,000 ba
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News
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- ConocoPhillips (NYSE:COP) had its price target raised by analysts at Wolfe Research from $122.00 to $123.00. They now have an "outperform" rating on the stock.MarketBeat
- ConocoPhillips (NYSE:COP) had its "positive" rating reaffirmed by analysts at Susquehanna.MarketBeat
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 1/20/26 - Form 4
- 1/20/26 - Form 4
- 1/20/26 - Form 4
- COP's page on the SEC website