ConocoPhillips traded at $129.35 this Tuesday March 24th, increasing $2.16 or 1.70 percent since the previous trading session. Looking back, over the last four weeks, ConocoPhillips gained 17.58 percent. Over the last 12 months, its price rose by 26.13 percent. Looking ahead, we forecast ConocoPhillips to be priced at 123.11 by the end of this quarter and at 112.36 in one year, according to Trading Economics global macro models projections and analysts expectations.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. It operates through six segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas liquids, natural gas and LNG. The Lower 48 segment consists of operations located in the United States and the Gulf of Mexico. Its Canadian operations consists of the Surmont oil sands developments in Alberta and British Columbia. The Europe, Middle East and North Africa segment consists of operations located in the Norwegian sector of the North Sea; the Norwegian Sea; Qatar; Libya; and commercial and terminalling operations in the United Kingdom. The Other International segment includes exploration activities in Colombia and Argentina.