11 Cheap Clean Energy Stocks to Buy Right Now

Page 9 of 9

1. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 72

Forward P/E: 15.26

ConocoPhillips (NYSE:COP) is one of the 11 Cheap Clean Energy Stocks to Buy Right Now.

On September 3, 2025, ConocoPhillips (NYSE:COP) revealed its plans to reduce its global workforce by 20% to 25%, potentially affecting up to 3,250 employees and contractors, as part of a broader restructuring aimed at boosting margins and reducing costs.

Furthermore, the move comes after the company’s $17 billion acquisition of Marathon Oil in 2024. This move also comes amid rising controllable production costs, which reached $13 per barrel in 2024, $2 above industry peers. The restructuring is expected to result in $1 billion in additional cost savings and will involve a new organizational structure and management team, which will be unveiled in mid-September.

ConocoPhillips (NYSE:COP) is focused on exploration, production, transportation, and marketing of crude oil, natural gas, LNG, and liquids globally. It is one of the Best Clean Energy Stocks.

While we acknowledge the potential of COP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Roth IRA Stocks to Invest in Now and 12 Best Uranium Stocks to Buy Right Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 9 of 9