From Nasdaq: 2025-06-13 12:27:00

ConocoPhillips (NYSE: COP) stock is up 2.5% due to Middle East tensions. Israeli warplanes struck Iran, prompting drone strikes on Israel. Concerns about oil supply disruptions have led to a significant increase in oil prices, with WTI crude oil up nearly $5 to $72.70 per barrel, the largest one-day gain since 2022. International benchmark Brent Crude is also up, selling for just under $74 a barrel. Investors are eyeing oil stocks like Conoco, which earned $9.2 billion in profit last year and trades at about 12.6 times trailing earnings.

With a 3.3% dividend yield, Conoco stock may perform well with a 10% or better earnings growth rate. The Mideast tensions could boost this growth and lift the stock past analyst forecasts for 7% long-term earnings growth. The Motley Fool Stock Advisor team sees Conoco as a reasonable play in the current situation. They have identified 10 best stocks to buy now, with Conoco not making the cut. The top 10 stocks have historically produced significant returns, outperforming the market by 999%. Consider joining Stock Advisor to access the latest top 10 list.



Read more at Nasdaq: Why ConocoPhillips Stock Just Popped