Jim Cramer Returns To ConocoPhillips (COP) As Oil Prices Touch $96

Published on June 13, 2026 at 10:07 am by Ramish Cheema in News

We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. ConocoPhillips (NYSE:COP) is one of the stocks discussed by Jim Cramer.

ConocoPhillips (NYSE:COP) is an oil and gas exploration and production company. The shares are up by 32% over the past year and 24% year-to-date. Mizuho discussed ConocoPhillips (NYSE:COP) on May 27th as it raised the share price target to $150 from $136 and kept an Outperform rating on the stock. The bank outlined that the oil company could benefit from the ongoing conflict in Iran, which it believes can create a long term impact on global oil prices. Earlier, Barclays had raised ConocoPhillips (NYSE:COP)’s share price target to $155 from $136 and kept an Overweight rating on the shares. Like Mizuho, it also discussed the Iran war’s impact and commented on depleting global inventories. Like the banks, Cramer has also discussed ConocoPhillips (NYSE:COP) in the context of the Middle East conflict and recommended the stock to those looking to invest in oil stocks. In a tweet, the CNBC TV host discussed ConocoPhillips (NYSE:COP) in the context of oil prices:

“With oil back to $96 here we go back to Conoco and Diamondback And, of course, higher yields….relentless but now there is more supply coming and it will be a much tougher slog”