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Benzinga
127 days

ConocoPhillips Vs. Occidental: Both Ride The Oil Wave, Only One Is Shaping The Tide

1. JPMorgan favors ConocoPhillips over Occidental Petroleum. 2. ConocoPhillips is rated Overweight with a $113 price target. 3. Occidental Petroleum is burdened by its past debt but has upside potential. 4. ConocoPhillips excels in disciplined management and cash returns. 5. Occidental's leverage and capital returns lower investment appeal.

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FAQ

Why Bullish?

ConocoPhillips' favorable rating and target imply strong future performance, indirectly benefitting BNO as an oil ETF.

How important is it?

The evaluation of key oil players influences market trends pivotal to BNO's performance.

Why Short Term?

The immediate adjustments in banking sentiments towards oil stocks can affect BNO soon.

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