ConocoPhillips
This large cap company offers strong value for investors. ConocoPhillips (NYSE: COP) explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and NGLs worldwide.
Conoco’s portfolio includes resourceich North American tight oil and oil sands assets; lowerisk legacy assets in North America, Europe, Asia and Australia; various international developments; and an inventory of conventional and unconventional exploration prospects.
Many Wall Street analysts feel Conoco can accelerate growth from a reloaded portfolio depth in the Bakken and Eagle Ford with visibility on future growth from a sizable position in the Permian Basin.
Shareholders receive a 2% dividend. The Goldman Sachs price target for ConocoPhillips stock is $133, but the consensus target is higher at $138.56. The share price ended Friday at $118.23.
EOG Resources
Analysts feel this leading energy company has strong total return potential. EOG Resources Inc. (NYSE: EOG) is one of the largest independent exploration and production companies operating in North America, the United Kingdom and China.
The company explores for, develops, produces and markets crude oil, natural gas and NGLs. Its principal producing areas are in New Mexico and Texas in the United States and in the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 MMbbl of crude oil and condensate reserves, 829 MMbbl of natural gas liquid reserves and 8,222 billion cubic feet of natural gas reserves.
The company recently announced that it has joined the Oil and Gas Methane Partnership 2.0, UNEP’s flagship oil and gas reporting and mitigation program. OGMP 2.0 is the most comprehensive, measurement-based, reporting framework for the oil and gas industry designed to improve the accuracy and transparency of methane emissions reporting.
The dividend yield here is 2.6%. Goldman Sachs has set a $156 price target, and the consensus target for EOG Resources stock is $154.93. The last trade on Friday was reported at $127.47.
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