From Yahoo Finance: 2025-05-06 11:35:00

The commodity market is thriving, with the global commodity services market projected to reach $8.16 billion by 2034. However, the World Bank predicts a 12% drop in global commodity prices in 2025 due to economic slowdown and high oil supply. This decline poses risks to developing economies but prices will remain higher than pre-pandemic levels.

Morgan Stanley anticipates 2025 to be crucial for commodity markets, influenced by supply fundamentals, inflation, and dollar fluctuations. US inflation is high, and policy changes post-election have raised inflation expectations. Commodity prices have been supported by these conditions, despite a strong dollar affecting global demand.

ConocoPhillips (COP) is a major player in the commodity sector, with a proven reserve of 6.8 billion barrels of oil equivalent. In 2023, it produced 3.1 billion cubic feet of natural gas and 1.2 million barrels of oil and natural gas liquids per day. The company had a strong fourth quarter in 2024, exceeding revenue and earnings forecasts.

ConocoPhillips (COP) is ranked 5th on the list of Top Commodity Producers With the Highest Upside Potential, with an upside potential of 37.28%. The company has a strong financial base, generating $20.3 billion in total cash from operations in the previous year. It increased its quarterly dividend by 34% in October, demonstrating commitment to shareholder returns.

Read more: Is ConocoPhillips (COP) Among the Top Commodity Producers With the Highest Upside Potential?