
ConocoPhillips COP.N said on Thursday it aims to cut capital and operating costs by $1 billion in 2026, after the U.S. oil and gas producer missed Wall Street estimates for fourth-quarter profit due to weaker crude prices
Median PT of 30 brokerages covering the stock is $115 - LSEG data
RESOURCE ABUNDANCE: A STRENGTH
Barclays ("overweight," PT: $118) says COP stands out with a highly visible FCF (free cash flow) ramp as FCF yield is set to more than double from 2026 to 2030
Adds, co's deep low-cost resource base provides growth upside from U.S. shale and long-term optionality across Alaska and international conventional assets
Piper Sandler ("overweight," PT: $111) says COP is steadily executing on path to FCF growth
Roth MKM ("buy," PT: $112) says cost savings should finally show up in 2026
BMO ("outperform," PT: $115) says COP's deep and diverse asset base should provide resilient and outsized FCF generation plus competitive production growth, equating to a strong capital return profile