How ConocoPhillips’s Stock Performance Compares

ConocoPhillips: XLE’s fifth-strongest energy stock

This year, ConocoPhillips (COP) has been the Energy Select Sector SPDR ETF’s (XLE) fifth-strongest energy stock, rising ~21%. ConocoPhillips, the world’s largest independent crude oil and natural gas exploration and production company, has operations in 17 countries.

How ConocoPhillips’s Stock Performance Compares

Year-to-date, ConocoPhillips has outperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which has risen ~12%, and XLE, which has risen ~3%. As ConocoPhillips’s production contains ~63% liquids (crude oil, bitumen, and natural gas liquids), it derives most of its revenue from liquid sales. Also, COP is unhedged on crude oil (USL) prices, meaning it is benefiting from their ~8% rise this year. Natural gas (DGAZ) has fallen ~2%.

ConocoPhillips’s revenue and earnings

In Q1 2018, ConocoPhillips’s revenue rose ~16% YoY (year-over-year) to ~$9.0 billion from ~$7.8 billion, and it turned profitable, posting an adjusted profit of ~$1.1 billion compared with a loss of ~$19 million in Q1 2017. ConocoPhillips’s EPS improved YoY to $0.60 from -$0.02.

To learn more about ConocoPhillips’s strategic plans for the next three years, read Market Realist’s ConocoPhillips’s 2017 Analyst and Investor Meeting: Key Takeaways. Next, we’ll look at how hedge funds’ positions in XLE’s strongest stocks have changed.