WTI oil is trading above $68 per barrel, nearing $70, supporting ConocoPhillips’ exploration and production business. The company’s low-cost resources in U.S. shale plays like the Permian, Eagle Ford, and Bakken are driving resilience. ConocoPhillips’ 2025 earnings estimate has been revised upward as oil prices remain well above its breakeven levels. Exxon Mobil Corporation and EOG Resources, Inc. are also benefiting from the current oil price environment. Exxon has strong presence in the Permian and offshore Guyana, while EOG has operations in leading shale plays in the U.S. COP’s stock has lost 16.3% over the past year, trading at a valuation below the industry average, with an upward revision in 2025 earnings estimates.

Read more at Zacks Investment Research.: WTI Oil Price Nearing USD70 Per Barrel Mark: Boon for ConocoPhillips? – July 18, 2025