Truist raises target for ConocoPhillips stock to USD 136.00
Published on 10/09/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Truist raised its ConocoPhillips price target from USD 130.00 to USD 136.00 on October 7, 2026.
- Second-quarter revenue reached USD 19.52 billion, up 32.40 percent year over year.
- ConocoPhillips stock was at EUR 120.62 at Lang & Schwarz on October 9, 2026, plus 1.25 percent versus the prior close.
ConocoPhillips (ISIN US20825C1045) stock was at EUR 120.62 at Lang & Schwarz on October 9, 2026 at 4:32 p.m. CEST, up 1.25 percent versus the prior close of EUR 119.13. On October 7, 2026, Truist Securities raised its price target from USD 130.00 to USD 136.00 while keeping a Hold rating, Investing.com reported. The target change puts valuation and the upcoming results back at the center of the stock story.
Three events set the timeline
On August 6, 2026, ConocoPhillips reported second-quarter revenue of USD 19.52 billion, up 32.40 percent year over year, and earnings per share of USD 3.24, according to MarketBeat. On October 1, 2026, ConocoPhillips agreed to buy 1.00 million tonnes per year of LNG from Venture Global for 20 years starting in 2030, Venture Global said. On October 7, Truist lifted its target to USD 136.00 from USD 130.00, creating the latest dated stock-specific event.
What does the LNG deal add?
The LNG agreement adds a 20-year supply commitment, but deliveries begin only in 2030. That timing makes the contract strategically important for ConocoPhillips' gas portfolio while limiting its direct contribution to the next earnings report, a distinction that matters beside Truist's near-term operational expectations.
When do results arrive?
ConocoPhillips has scheduled its third-quarter 2026 results for November 5, 2026, before the market opens, followed by a conference call at 12:00 p.m. Eastern time, according to the company's investor release. The quarter will give investors a fresh test of production, margins and management's outlook under CEO Andy O'Brien.
Stock remains below its yearly high
On the NYSE, ConocoPhillips was trading at USD 135.21 on October 9, 2026 at 10:36 a.m. EDT. Its 52-week range was USD 85.57 to USD 141.62, while market capitalization stood at USD 164.7 billion as of October 9, 2026. The distance between the Lang & Schwarz euro quote and the 52-week range is a currency distinction, so the two figures are not combined. The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.
ConocoPhillips stock facts
- Company: ConocoPhillips
- ISIN: US20825C1045
- Ticker: COP
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 9, 2026, 4:32 p.m. CEST: EUR 120.62
- Change versus prior close: plus 1.25 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 119.13
- Market capitalization: USD 164.7 billion as of October 9, 2026
- 52-week range: USD 85.57-141.62 as of October 9, 2026
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
