'Scary,' 'visceral,' 'unprecedented': Traders describe oil's wild week and fall to negative prices [CNBC]
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: CNBC
"Scary," "unbelievable," "so dramatic," "unprecedented," "very visceral": These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for the first time on record, West Texas Intermediate (WTI), the U.S. oil benchmark, plunged below zero and into negative territory . Before Monday, many thought this was impossible. Maybe, just maybe, it could drop to zero, effectively erasing all value. But negative territory seemed unimaginable, not least because it's hard even to wrap one's mind around it. Pay someone to take your oil? Yet that's exactly what happened. "It was a take-your-breath-away kind of scary moment," said Rebecca Babin, managing director at CIBC Private Wealth Management . "It truly was like watching … a full speed train wreck. But you couldn't stop watching." The coronavirus pandemic has sapped as much as a third of worldwide demand for oil, according to some estimates. Producers have continued
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News
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- Trump is sending funds from Venezuela oil to a bank in Qatar: report [Yahoo! Finance]Yahoo! Finance
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [MSNBC.com]MSNBC.com
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [CNBC]CNBC
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 1/16/26 - Form 3/A
- 12/23/25 - Form 4
- 12/16/25 - Form 4
- COP's page on the SEC website