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Stock impact report

How strong is U.S. shale for 2026? [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Despite widespread concerns about well productivity degradation and softer operator guidance, the brokerage sees both the structure and scale of public producers helping stabilize output next year. It highlights that roughly 70% of U.S. shale is now operated by large public companies, and argues that their scale and efficiency gains underpin its more constructive view relative to consensus. Jefferies analysts note that “most market participants expect oil production declines in '26,” with the Energy Information Administration (EIA) projecting a roughly 220,000-barrel-per-day drop in shale crude. Yet the analysts model U.S. black-oil shale growing by 48,000 barrels per day year-on-year, with Permian gains offsetting declines in mature basins. The baseline scenario assumes improvements in drilling and completion efficiency, longer laterals, and a modest uplift in per-well oil output. The Permian remains the decisive growth engine. Jefferies forecasts 66,000 barrels per day of ann Show less Read more
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