ConocoPhillips Named to RBC Capital’s June Global Energy Best Ideas List

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โดย Insider Monkey·Read original
Summary · why it matters

ConocoPhillips has been added to RBC Capital Markets’ June Global Energy Best Ideas List, with the brokerage citing the company’s financial strength and low-cost production profile. The inclusion came on June 2, 2026, as ConocoPhillips also expands its international operations, signing an agreement on June 16 with the Syrian Petroleum Company and Novaterra to develop new gas fields in Syria, marking its return to the country after roughly two decades. Chairman and CEO Ryan Lance said the deal could support broader production growth in a region where gas output fell to an estimated 3 billion cubic meters in 2023 from 8.7 billion in 2011. The company had earlier signed a memorandum of understanding in November with the same parties and entered a separate arrangement in May with TotalEnergies, QatarEnergy, and the Syrian Petroleum Company to evaluate offshore Block 3 near Latakia.

Impact on stocks 3

Energy▲ · 2 stocks
ConocoPhillips
COP
▲ PositiveCapitalDemandrelevance

Added to RBC Capital's June Global Energy Best Ideas List, citing financial strength and low-cost production.

TotalEnergies SE
TTE
▲ PositiveDemandrelevance

Partnered with ConocoPhillips and others to evaluate offshore Block 3 in Syria.

Financials▲ · 1 stocks

Off-coverage companies 3

Novaterra EnergyPrivate▲ Positive
Demandrelevance

Signed agreement with ConocoPhillips and Syrian Petroleum Company to develop new gas fields in Syria.

Syrian Petroleum CompanyPrivate▲ Positive
Demandrelevance

Signed agreement with ConocoPhillips and Novaterra to develop new gas fields in Syria.

QatarEnergyPrivate▲ Positive
Demandrelevance

Partnered with ConocoPhillips and others to evaluate offshore Block 3 in Syria.

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