ConocoPhillips sees oil price floor near USD 70, stock after-hours at EUR 115.61: plus 0.32 percent
Published on 10/07/2026 at 20:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Reuters reported on October 5, 2026, that ConocoPhillips Chairman Ryan Lance expects the oil price floor to rise to around USD 70 per barrel and sees a mid-cycle West Texas Intermediate price of USD 65 to USD 70. ConocoPhillips stock was at EUR 115.61 after-hours at 8:17 p.m. CEST on October 7, 2026, up 0.32 percent versus the EUR 115.24 prior close at Lang & Schwarz on October 6, 2026. The Reuters report said Lance made the comments at the Energy Intelligence Forum in London.
After-hours trading
Lang & Schwarz also showed a bid of EUR 115.56 and an ask of EUR 115.66 at the same time. The euro-denominated after-hours indication is separate from the company statements reported on October 5. The further course of after-hours trading at Lang & Schwarz until 11:00 p.m. CEST is shown by the continuously updated real-time quote of ConocoPhillips stock.
Oil-market outlook
According to Reuters, Lance said U.S. oil production could exceed 14 million to 14.5 million barrels per day if prices remain around current levels. He also said global oil demand could take until 2028 or 2029 to recover from the current crisis. Lance described ConocoPhillips as more focused on upstream than midstream oil investments. The company’s investor-relations page lists its third-quarter earnings conference call for November 5, 2026, at 12:00 p.m. Eastern; the date is shown on the company’s investor-relations page.
