What smart money is saying about ConocoPhillips
COP · Energy · Oil & Gas Exploration & Production · Market cap $120.47B
1 fund in our archive has pitched ConocoPhillips — most recently Schafer Cullen Enhanced Equity Income in June 2025.
Company profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
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18
Reported positions
1
Bought
1
Sold
20
Letters
Position history
Between Q2 2025 and Q3 2026, 18 fund letters reported a position in ConocoPhillips — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 1 | 0 |
| Q2 2026 | 10 | 0 | 0 | 0 |
| Q1 2026 | 2 | 0 | 0 | 0 |
| Q4 2025 | 2 | 1 | 0 | 0 |
| Q2 2025 | 1 | 0 | 0 | 1 |
Fund activity · 18 positions · 2 moves
- September 2026
“Our overweight to energy was the largest positive contributor, as higher oil prices made it the benchmark’s strongest sector. ConocoPhillips and Chevron led, rising with oil prices as renewed conflict in the Middle East heightened supply concerns.”
ConocoPhillips - TrimmedOakmark FundSeptember 2026
“Why are we still overweight energy? Oakmark Fund currently owns two energy stocks, ConocoPhillips (COP) and Targa Resources (TRGP), which together total less than 6% of the portfolio.”
ConocoPhillips - August 2026
“Our exploration and production (E&P) holdings (c.19%) give us exposure most directly to rising oil and natural gas prices. We include in this category non-integrated oil sands companies, as this is the GICS approach. The stock here with oil sands exposure is Canadian Natural Resources. The pure E&P stocks have a bias towards the US (EOG, Diamondback and Devon), with one other name (ConocoPhillips) having a mix of US and international production.”
ConocoPhillips - June 2026
“The pure E&P stocks have a bias towards the US (EOG, Diamondback and Devon), with one other name (ConocoPhillips) having a mix of US and international production.”
ConocoPhillips - HoldsGuinnessJune 2026
“The pure E&P stocks have a bias towards the US (EOG, Diamondback and Devon), with one other name (ConocoPhillips) having a mix of US and international production.”
ConocoPhillips - June 2026
“Energy was the other main detractor, with both ConocoPhillips and Chevron declining as easing Middle East tensions and negotiations between the U.S. and Iran resulted in a pullback in crude prices.”
ConocoPhillips - HoldsFindlay Park American FundJune 2026
“The detractors were more mixed, but several reflected two clear themes: a partial reversal in energy and gold after strong first-quarter performance, and rising concern around AI disruption in parts of the “knowledge economy”. EOG Resources and ConocoPhillips, which had been top contributors in 1Q26, gave back some gains as oil prices normalised following disruption in the Strait of Hormuz.”
ConocoPhillips - HoldsHamlin Capital Management Equity and High Yield Municipal Bond StrategiesJune 2026
“CME, ConocoPhillips, and SLB were the largest detractors during the quarter, declining 17.85% on average.”
ConocoPhillips - June 2026
“• Exploration and production company ConocoPhilips saw shares decline after an agreement was reached to end the war between the US and Iran and reopen the Strait of Hormuz.”
ConocoPhillips - June 2026
“ConocoPhillips (COP), one of the largest international E&P companies with a scaled and well-diversied portfolio of assets, was the largest detractor.”
ConocoPhillips - June 2026
“Largest Detractors ConocoPhillips (COP), one of the largest international E&P companies with a scaled and well-diversied portfolio of assets, was the largest detractor.”
ConocoPhillips - June 2026
“ConocoPhillips (COP), one of the largest international E&P companies with a scaled and well-diversied portfolio of assets, was the largest detractor.”
ConocoPhillips - June 2026
“ConocoPhillips (COP), one of the largest international E&P companies with a scaled and well-diversied portfolio of assets, was the largest detractor.”
ConocoPhillips - March 2026
“• ConocoPhillips was a contributor during the quarter.”
ConocoPhillips - March 2026
“The energy companies in the portfolio contributed strongly to performance in the quarter: Canadian Natural Resources Limited (CNQ), ConocoPhillips Company, Diamondback Energy, and EOG Resources, Inc.”
ConocoPhillips - AddedClipper FundDecember 2025
“In commodities, while gold and other precious metals captured the headlines we have focused on undervalued energy and materials companies. Oil has been somewhat overlooked in this commodity boom, and we have taken the opportunity to selectively add companies like ConocoPhillips to the portfolio.”
ConocoPhillips - December 2025
“At quarter-end: • Low Price/Earnings Valuation Discipline: The strategy’s P/E is 15.1x 2026 earnings versus 19.8x for the Russell 1000 Value and 24.3x for the S&P 500 (Q4). The 10-year average valuation spread between the strategy and the Russell 1000 Value and the S&P 500 is 3.0 and 4.9 multiple points, respectively; the current valuation spread is 4.7 and 9.2 multiple points, respectively. • High Absolute Dividend Yield: The strategy’s dividend yield is 3.5% versus 1.9% for the Russell 1000 Value and 1.1% for the S&P 500 (Q4). The Russell 1000 Value index is comprised of 27% of stocks with no yield and 62% of stocks with yields below 2.0%. • Strong Dividend Growth: In the fourth quarter, six portfolio companies raised their dividends with an average increase of 7.0%. For the full year 2025, 36 of 43 companies (84%) raised their dividends, with an average increase of 6.0%. • Omnicom Group (OMC) raised its dividend payment by +14.3% • Broadcom (AVGO) raised its dividend payment by +10.0% • ConocoPhillips (COP) raised its dividend payment by +7.7%”
ConocoPhillips - June 2025
“• ConocoPhillips was a detractor during the quar- ter.”
ConocoPhillips
Also mentioned · 1
These funds discuss ConocoPhillips — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedDiamond Hill Large Cap FundJune 2026
“• Exploration and production company ConocoPhillips saw shares decline after an agreement was reached to end the war between the US and Iran and reopen the Strait of Hormuz.”
ConocoPhillips
Fund coverage · 1 thesis
ConocoPhillips is an attractive investment due to its strong free cash flow outlook, disciplined capital allocation, and potential for significant shareholder returns through dividends and buybacks.
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