ConocoPhillips stock rises on a $12,000 Coyote project start
Published on 08/20/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ConocoPhillips stock is supported by a $12,000-bpd Alaska project start and a second-quarter report that showed $3.24 in earnings per share on August 6, 2026, against $2.90 expected. Shares also changed hands at $131.80 at 1:03 p.m. Eastern with a $158.34 billion market value and a 52-week range of $85.57 to $135.87.
Alaska adds a fresh catalyst
ConocoPhillips Alaska achieved first oil at the Coyote 3SX development on August 7, 2026, according to a report on the Coyote 3SX project. The project was approved in October 2025, began construction in early 2026, cost about $800 million and is expected to reach peak gross output of 12,000 bpd.
That adds a concrete production marker to a share price that has already moved from $93.60 at the start of 2026 to $131.80 in the latest market snapshot. The comparison matters: the stock is up 40.2% year to date, while the latest close shown in the market feed was $130.72 on August 19, 2026.
Quarterly numbers still matter
The latest earnings release, dated August 6, 2026, showed revenue of $19.52 billion, up 32.4% from the same quarter a year earlier. Net margin was 14.22%, return on equity was 14.72%, and annualized dividend income stood at $3.36 per share after the $0.84 quarterly payout.
Analyst consensus in the same market feed sits at $138.16, while the average target implied by the broader consensus page is $144.29. The gap is not large in percentage terms, which leaves the market more focused on execution than on valuation re-rating alone.
Product and portfolio
ConocoPhillips' core business remains upstream oil and natural gas production across North America, Europe, Asia Pacific and other regions. Coyote 3SX fits that model because it is designed to lift output from an existing Alaska asset base rather than build a new standalone platform.
Stock level
ConocoPhillips stock was quoted at $131.80 as of August 20, 2026, 1:03 p.m. Eastern, with the recent range running from $85.57 to $135.87. The market capitalization was $158.34 billion in the same snapshot, keeping the shares close to the upper end of their yearly trading band.
Fact box
Company: ConocoPhillips
ISIN: US20825C1045
Ticker: COP
Exchange: NYSE
Price (as of August 20, 2026, 1:03 p.m. Eastern): $131.80 USD
Market cap: $158.34 billion (as of August 20, 2026)
Sector / Industry: Energy / Oil, Gas & Consumable Fuels
Index membership: S&P 500
Next earnings date: November 5, 2026
