ConocoPhillips (COP) Favored at Goldman Amid the Middle East Crisis

ConocoPhillips (NYSE:COP) is among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.

ConocoPhillips (COP) Favored at Goldman Amid the Middle East Crisis

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 March 2, the analysts at Goldman Sachs added ConocoPhillips (NYSE:COP) to the firm’s US Conviction List as part of its monthly update. Goldman expects COP to witness a positive free cash flow inflection over the next three years as it shifts from a long period of heavy project investment into a period of ‘investment harvesting’.

ConocoPhillips (NYSE:COP) revealed in its Q4 2025 earnings call last month that it is targeting a $1 billion annual free cash flow growth through 2028 as it accelerates its cost-cutting measures. Moreover, the company expects a further $4 billion cash flow injection when its Willow project in Alaska comes online in 2029. COP is targeting a $1 billion combined reduction in capital spending and operating costs for the current year. Goldman analysts expect the energy giant to grow its cash flow per share at a CAGR of 24% between 2025 and 2030.

Goldman maintains a ‘Buy’ rating on ConocoPhillips (NYSE:COP), while assigning the shares a price target of $125.

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.

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