10 Large-Cap Stocks Insiders Are Buying Recently

2. ConocoPhillips (NYSE:COP)

Number of Recent Insider Purchases: 2

Market Cap: $132.383 billion

ConocoPhillips is one of the biggest exploration and production companies globally, focused on crude oil, natural gas, and natural gas liquids (NGLs). The company, based in Houston, Texas, operates across North America, Europe, Asia, and Australia. Its operations in the Permian Basin, Eagle Ford, and Alaska are often considered crucial for its praised growth trajectory.

ConocoPhillips is focused on important acquisitions to expand its portfolio. It has recently completed the purchase of Marathon Oil Corporation. For the third quarter of 2024, the company posted earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. One of the 10 Best Commodity Stocks to Invest in According to Hedge Funds also declared a fourth-quarter ordinary dividend of $0.78 per share.

Over the last 12 months, ConocoPhillips shares declined 9.38% to $101.13 per share.