12 Best Natural Gas Stocks to Buy According to Analysts

9. ConocoPhillips (NYSE:COP)

Upside Potential as of June 21: 21%

ConocoPhillips (NYSE:COP) has transformed itself into a low-cost oil and gas producer, with a cost-to-supply of less than $40 a barrel in the U.S. and internationally, allowing it to not only survive but thrive in the recent market volatility. The company’s disciplined capital allocation strategy also enabled it to recently reduce its FY 2025 capital spending guidance by $500 million without impacting production levels, reiterating that it will deliver the same amount of oil and gas but for less money.

However, the global crude oil prices have witnessed a sharp rise since then, allowing ConocoPhillips (NYSE:COP) to reap the maximum benefits from its low-cost portfolio. As a result, the share price of COP has surged by almost 10% over the last month.

ConocoPhillips (NYSE:COP) also remains strongly committed to its shareholders and distributed $2.5 billion in Q1 2025, consistent with its long-term track record of distributing 45% of its annual CFO.

ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves. The company explores for, produces, transports, and markets crude oil, bitumen, natural gas, NGLs, and LNG on a worldwide basis.