ConocoPhillips stock performance
In this article, we’ll discuss the year-over-year stock performance of ConocoPhillips (COP), which came in at the top of our top five upstream oil and gas producers based on Q1 2018 data. For more detail, read part one of this series.
As we can see above, COP stock has been mirroring movements in crude oil prices (CL in the graph above) with a rise of ~48% year-over-year. COP stock has overperformed the Energy Select Sector SPDR ETF (XLE), which has increased ~14.3% in the same period. In comparison, the SPDR S&P 500 ETF (SPY) has risen ~14%.
Meanwhile, crude oil prices (UCO) have increased ~40% on a year-over-year basis. Next, we’ll look at the upstream company that reported the second highest production in Q1 2018.