From Stocktwits: 2025-02-21 13:56:14

ConocoPhillips (COP) shares dropped over 2% after agreeing to sell its interests in the Ursa and Europa Fields to Shell for $735 million, aiming to strengthen its portfolio by divesting non-core assets. The company has a 15.96% interest in the Ursa Field and 1% interest in the Europa Field, with total assets of $123 billion. Adjusted EPS for Q4 2024 was $1.98, beating estimates. 2025 production guidance is 2.34 to 2.38 MMBOED. Retail sentiment on Stocktwits turned ‘bullish’ with expectations of shares hitting $110. Shares are down 0.5% YTD and 12% over the past year.



Read more at Stocktwits: ConocoPhillips Stock Falls After Company Discloses $735M Asset Sale To Shell: Retail Eyes Rally