ConocoPhillips Climbs to 138th in $560M Trading Volume as $1B Annual Synergies Outpace Estimates and EV/EBITDA Lags Industry by 54%

ConocoPhillips (COP) closed 0.88% higher on August 27, with a trading volume of $0.56 billion, ranking 138th in the market. The stock's performance is influenced by its recent acquisition of Marathon Oil, which has enhanced its low-cost oil and gas resources, particularly in the Permian Basin. The company now expects annual cost synergies of $1 billion, surpassing the initial $500 million estimate, with these savings expected to materialize by the end of 2025 without additional drilling.

COP is trading at an enterprise value to EBITDA (EV/EBITDA) of 5.44x, significantly below the industry average of 11.03x. Analysts have raised their 2025 earnings estimates in the past week, reflecting confidence in the company's strategic moves. However, the stock is currently rated a "Hold" by Zacks, indicating a neutral outlook amid ongoing market assessments.

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