ConocoPhillips (NYSE:COP) is included between 13 Best Low-Risk Long-Term Stocks to Buy Now

On February 5, Roth Capital Partners increased its price objective on ConocoPhillips (NYSE:COP) to $112 from $105. He also maintained a buy rating on the stock. The move followed the company’s fourth-quarter results, unchanged 2026 capital spending plans and steady progress on a $1 billion cost-cutting program. When Roth released his first look at 2027, he said he expects modest production growth next year, with total volumes around 2% and oil output around 1%.

Earlier in the day, ConocoPhillips said it plans to cut capital and operating costs by $1 billion by 2026. The announcement came after the company missed Wall Street profit expectations for the fourth quarter, pressured by weaker crude prices. Falling oil prices have been putting pressure on producers across the industry, pushing many to adjust budgets, pull back drilling and cut jobs.

During the quarter, ConocoPhillips averaged $42.46 per barrel of oil equivalent, down 19% from a year earlier. Because the company generally does not hedge its production, its results tend to track commodity prices more closely. CEO Ryan Lance said the latest cost cuts are based on more than $1 billion in annual synergies captured by 2025 following the $22.5 billion acquisition of Marathon Oil.

ConocoPhillips also said it completed $3.2 billion in asset sales through 2025 and remains on pace to meet its divestment goal of $5 billion by the end of 2026 as it continues to streamline the business. As part of a broader restructuring outlined last year, the company plans to cut its workforce by about 20% to 25%.

ConocoPhillips (NYSE: COP) is an exploration and production company with operations spanning Alaska and the Lower 48, including the Gulf of Mexico, producing crude oil, natural gas and NGLs.

While we recognize the potential of COP as an investment, we believe that certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 15 Best Wide Moat Dividend Stocks to Invest i 12 Best HVAC Stocks to Buy Now

Disclosure: no.