Once again, the price of West Texas Intermediate (WTI) crude oil has surpassed the $80 per barrel threshold and is likely to remain robust this year. According to projections by the U.S. Energy Information Administration (“EIA”), WTI oil is expected to average $83.05 per barrel in 2024, a notable increase from last year's $77.58. Contributing to the strength of commodity prices are voluntary production cuts from the OPEC+ group and ongoing geopolitical tensions.  While crude prices remain favorable, the lik ...

ToplineConocoPhillips plans to buy fellow American energy giant Marathon Oil in an all-stock deal worth a total of $22.5 billion, the companies announced Wednesday, marking the latest in a string of multibillion-dollar mergers and acquisitions deals in the energy industry. A ConocoPhillips oil field in Alaska in 2019.The Washington Post via Getty Images Key FactsThe all-stock deal values Marathon Oil at $17.1 billion, knocking off the $5.4 billion in debt included in the total transaction value for the Hous ...

ConocoPhillips announced on Wednesday that it will buy Marathon Oil in an all-stock deal valued at $22.5 billion, including debt.  Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips for each share of Marathon Oil common stock. Under the agreement, ConocoPhillips will receive additional acreage to its existing U.S. onshore portfolio, adding over 2 billion barrels of resource.Ticker Security Last Change Change % COP CONOCOPHILLIPS 118.96 +1.71 +1.46% "This acquisition of Marathon Oil furt ...

Marathon Oil signage on the floor of the New York Stock Exchange on December 29, 2023. (Photo: ... [+] Michael Nagle)© 2023 Bloomberg Finance LPThe energy sector is taking in the news of yet another potential oil and gas merger and acquisition (M&A) play, as reports suggest ConocoPhillips ConocoPhillips may be lining up all-stock bid for Marathon Oil Marathon Oil . But quite like many other traditional energy deals before it, this too appears to be about consolidation and not growth.According to the Financi ...

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.ConocoPhillips on Wednesday agreed to purchase Marathon Oil in an all-stock transaction worth $17.1 billion that would strengthen the company's shale assets."This acquisition of Marathon Oil further deepens our portfolio and fits within our financial framework, adding high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position," said ConocoPhillips CEO Ryan ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Key PointsDespite the SPY being just 0.6% away from its all-time high, the market remains in uncertain territory, presenting a unique opportunity in oversold, high dividend-yielding stocks.Investors are beginning to turn their attention to value propositions, particularly oversold stocks offering high dividends.Three oversold stocks, with attractive dividends, valuations, and in favor with analysts, are TGT, LOW, and COP.5 stocks we like better than Lowe's CompaniesAmidst current global tensions and notable ...

Investing in the top energy stocks to buy in today’s market points to a complicated landscape. Oil prices have been incredibly volatile in the past year, peaking above $90 a barrel and dipping to the $60s, weighing down bottom lines of the top oil companies. However, despite the fluctuations in price, the top oil stocks continue to flex their muscles and offer stellar upside at current prices.Meanwhile, the renewable energy sector is staging its own promising sideshow. Achieving net-zero emissions is a tall ...

Colin Anderson Productions pty ltd/DigitalVision via Getty Images ConocoPhillips (NYSE:COP) is the largest independent oil and gas producer in North America. Unlike its major integrated peers, the company has no downstream processing capacity which exposes it to the whims of energy markets to a great degree. During periods of commodity price strength COP is expected to do particularly well and underperform when the markets turn, just like we have seen over the past month. This business is risky you migh ...

Loading...Loading...The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major ov ...