Cratering Oil Prices Are Forcing U.S. Producers to Take Drastic Actions to Survive [The Motley Fool]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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conocophillips.com/investor-relations/investor-presentations
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Source: The Motley Fool
Crude oil prices have crashed and burned this year. At one point this week, the U.S. oil price benchmark, West Texas Intermediate (WTI), plummeted intonegative territoryas price speculators raced to unload positions before they had to take delivery of physical oil they couldn't store because thecountry is running out of space. The industry's oversupply issue is forcing producers to take extreme measures.One step a growing number of U.S. producers are taking is shutting down some of their oil pumps. Because storage space is at a premium, it's less of a financial burden to keep oil underground than to pump it into the country's oversaturated market.Image source: Getty Images.Shutting it all downContinental ResourcesNYSE:CLRannounceda 0% production cut for April and May after some of its customers told Continental they couldn't take as much oil. One of those buyers,refinerCVR EnergyNYSE:CVIIndustry conditions, unfortunately, have gone from bad to worse over the past few weeks. Continenta
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News
- ConocoPhillips (NYSE:COP) was downgraded by analysts at Johnson Rice to a "hold" rating.MarketBeat
- Does ConocoPhillips' Recent Share Rebound Signal a Mispriced Opportunity in 2025? [Yahoo! Finance]Yahoo! Finance
- National Petroleum Council Urges Priority Reforms to Strengthen Electricity Delivery & Energy Reliability [Yahoo! Finance]Yahoo! Finance
- Top Wall Street analysts recommend these dividend stocks for stable income [CNBC]CNBC
- How Analyst Opinions Are Shaping the Changing Story for ConocoPhillips [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website