Is ConocoPhillips Stock Outperforming the Dow?

Is ConocoPhillips Stock Outperforming the Dow?

Tue, September 1, 2026 at 5:53 PM GMT+3 2 min read

With a market cap of $159.2 billion, ConocoPhillips (COP) is a leading global energy company primarily engaged in the exploration, production, transportation, and marketing of oil and natural gas. With a strong portfolio spanning conventional and unconventional plays, oil sands, and LNG developments, the company operates across North America, Europe, Asia, and Australia.

Companies valued at more than $10 billion are generally considered "large-cap" stocks, and ConocoPhillips fits this criterion perfectly. Headquartered in Houston, Texas, ConocoPhillips is recognized as the world's largest independent exploration and production company by proved reserves and production.

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Shares of ConocoPhillips have dipped 1.5% from its 52-week high of $135.88. Over the past three months, the stock has risen 16.5%, outpacing the Dow Jones Industrials Average's ($DOWI) 3.6% gain during the same period.

COP stock is up 43.8% on a YTD basis, outperforming DOWI's 10.1% return. Moreover, shares of the energy company have increased 36% over the past 52 weeks, compared to the Dow Jones' 16.2% surge over the same time frame.

Despite a few fluctuations, the stock has been trading above its 50-day and 200-day moving averages since December last year.

ConocoPhillips shares rose 1.5% on Aug. 6 after Q2 2026 earnings more than doubled to $3.9 billion, with adjusted EPS of $3.24 versus $1.42 a year earlier, driven primarily by higher oil and gas prices. ConocoPhillips also reaffirmed its full-year guidance, highlighted record Permian production and progress on its $5 billion asset-disposition target, while expanding LNG offtake to 12 MTPA, supporting its long-term growth strategy.

In comparison, COP stock has outpaced its rival EOG Resources, Inc. (EOG). EOG stock has increased 17.5% over the past 52 weeks and 39.6% on a YTD basis.

Due to the stock's outperformance, analysts are strongly optimistic about its prospects. COP stock has a consensus rating of "Strong Buy" from the 25 analysts covering it, and the mean price target of $146.44 represents a premium of 9.2% to current levels.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com