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ConocoPhillips (COP) stock declined 2.87% to close at $92.23, underperforming the broader market ahead of an earnings report expected to show a significant profit decline.
Subsea 7 announced a contract award from ConocoPhillips valued between $300 million and $500 million for an offshore Norway development project.
Harbour Energy's stock fell 1.4% to $2.80 after the company announced a $170 million acquisition to expand its North Sea oil and gas portfolio.
The energy sector gained 6.2% in Q3 2025, driven by a $580 billion surge in AI-related data center investment and resilient oil demand.
BHP Group shares fell after a sharp reversal in copper prices and a five-month low in iron ore weakened sentiment for the mining sector. The drop highlights the conflict between short-term commodity volatility and the company's long-term strategic initiatives.
ExxonMobil is revising its five-year corporate plan, increasing its 2030 earnings growth forecast by $5 billion to $25 billion. The company is cutting its low-carbon investment budget by a third, reallocating capital to its core oil and gas assets in the Permian Basin and Guyana, signaling a strategic prioritization of fossil fuel production and shareholder returns.
ConocoPhillips (NYSE:COP) is experiencing a share price recovery after a year of negative performance. This upward momentum is occurring in a stock where institutional investors hold a commanding 83% stake, suggesting a solid foundation of investor confidence.