Trump Directs U.S. Soldiers to Seize Maduro, Oil Giants Stand to Gain
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Oil Sector Revival: The Trump administration's plan to allow U.S. oil companies to re-enter Venezuela, which holds the largest crude oil reserves yet exports less than 1% of global supply, presents significant market opportunities for American oil firms.
- Chevron's Position: As the only U.S. oil company operating in Venezuela, Chevron (CVX) benefits from its 3,000 employees and existing infrastructure, allowing it to navigate complex international relations and potentially capitalize on renewed oil production.
- ConocoPhillips' Claims: ConocoPhillips (COP), which exited due to unfavorable terms with the Chávez regime, holds $10 billion in unpaid claims, and Trump's policies may enhance its chances of recovering these debts, despite Venezuela's poor financial state.
- ExxonMobil's Potential: ExxonMobil (XOM), which also left in 2007 with approximately $1 billion owed, is reportedly in discussions with the Trump administration, and its operations in neighboring Guyana could benefit from reduced risks associated with Venezuela's political landscape changes.
Analyst Views on COP
Wall Street analysts forecast COP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COP is 112.38 USD with a low forecast of 100.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
13 Buy
3 Hold
0 Sell
Strong Buy
Current: 98.720
Low
100.00
Averages
112.38
High
120.00
Current: 98.720
Low
100.00
Averages
112.38
High
120.00
About COP
ConocoPhillips is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous states in the United States and the Gulf of Mexico. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
