ConocoPhillips (COP) is among the 13 Best Long Term Low Risk Stocks to Buy Now and received a higher target price of $112 from Roth Capital Partners. The company plans to reduce costs by $1 billion in 2026 after falling short of profit expectations due to lower oil prices. ConocoPhillips completed $3.2 billion in asset sales in 2025 and is on track to reach a $5 billion divestment goal by the end of 2026. The company also plans to reduce its workforce by 20-25%. Chief executive Ryan Lance stated that the latest cost cuts build on over $1 billion in annual synergies achieved in 2025 following the acquisition of Marathon Oil.

Read more at Yahoo Finance: ConocoPhillips (COP) Gets Higher Target at Roth Capital as Cost Cuts Progress