Previous close | 1.4300 |
Open | 1.4300 |
Bid | 1.7900 |
Ask | 2.0600 |
Strike | 92.50 |
Expiry date | 2025-01-17 |
Day's range | 1.4300 - 1.4300 |
Contract range | N/A |
Volume | |
Open interest | 1.48k |
Favorable oil price is aiding ConocoPhillips' (COP) bottom line. However, increasing production and operating expenses are hurting it.
The OPEC announcement over the weekend was widely seen as a plan to add back production from members’ current coordinated cuts.
Big Oil companies like ExxonMobil, Chevron and ConocoPhillips are using mergers and acquisitions to consolidate their future in a volatile and evolving market.