✕

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

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 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, 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 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 on its June Global Energy Best Ideas List, citing its financial strength and low-cost production profile.

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

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

Follow Insider Monkey on Google News.