ConocoPhillips (COP) Named to RBC Capital’s June Global Energy Best Ideas List

With 74 hedge funds holding bullish positions and analysts seeing 34.46% upside potential, ConocoPhillips (NYSE:COP) ranks among the top stocks to buy for financial stability.

ConocoPhillips (COP) Named to RBC Capital's June Global Energy Best Ideas List

ConocoPhillips (NYSE:COP) has been expanding its international footprint lately, marking a notable return to Syria while also picking up support from a major brokerage’s conviction list.

On June 16, 2026, ConocoPhillips (NYSE:COP), the Syrian Petroleum Company, and energy firm Novaterra signed an agreement in Damascus to develop new gas fields and expand output from existing assets. The deal marks ConocoPhillips’ return to Syria after roughly two decades, according to Chairman and CEO Ryan Lance. He noted that the agreement could serve as a foundation for broader production growth in the region. Syria’s gas sector has been under pressure for years, with output falling to an estimated 3 billion cubic meters in 2023 from 8.7 billion cubic meters in 2011.

That development builds on an earlier memorandum of understanding signed in November between the same parties, aimed at expanding cooperation in the country’s gas industry. Meanwhile, ConocoPhillips (NYSE:COP) also entered a separate arrangement in May with TotalEnergies, QatarEnergy, and the Syrian Petroleum Company to evaluate offshore Block 3 near Syria’s coastal region of Latakia.

Meanwhile, on June 2, 2026, RBC Capital Markets kept ConocoPhillips (NYSE:COP) on its June Global Energy Best Ideas List, citing its financial strength and low-cost production profile.

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

While we acknowledge the risk and potential of COP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1