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Analyst Reiterates Buy Rating on ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) is included among the 12 Best Crude Oil Stocks to Buy for Dividends.

ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.

On December 16, Jefferies reiterated its ‘Buy’ rating on ConocoPhillips (NYSE:COP) and assigned the stock a price target of $120, indicating an upside potential of almost 30% from the current share price. The analyst believes that the oil and gas giant offers an underappreciated and differentiated resource in 2030 and beyond and seems well-positioned to dig into its robust balance sheet to maintain its strong shareholder returns in the near term.

Moreover, the analyst highlighted ConocoPhillips’ Willow project in Alaska, adding that improved permitting in the region could allow for more exploration and increased output. Located on Alaska’s North Slope in the National Petroleum Reserve, the Willow project is estimated to produce 180,000 barrels of oil per day at its peak. The $7 – $7.5 billion project remains on track, with first oil production expected in 2029.

Earlier on December 12, UBS also increased its price target on ConocoPhillips (NYSE:COP) from $117 to $120, while maintaining a ‘Buy’ rating on the shares. After three years of limited growth, the analyst believes that the energy sector appears well-positioned for stronger growth in 2026, driven by improving oil and natural gas outlooks, M&A-driven value creation, cost and capex efficiencies, emerging OFS opportunities, and attractive valuations.

While we acknowledge the potential of COP as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Retirement Stock Portfolio: 11 Energy Stocks to Buy and 11 Best Utility Stocks to Invest in According to Hedge Funds.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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