ConocoPhillips Stock Slumps to 343rd in Trading Volume Amid Workforce Cuts and Oil Market Volatility

On September 18, 2025, , , . . Recent developments highlight the company’s strategic cost-cutting measures, . This move aligns with industry-wide pressures to streamline operations amid fluctuating oil prices and evolving market demands.

Global oil market dynamics remain pivotal for COP’s performance. U.S. sanctions on Iran’s oil revenue and geopolitical tensions in the Russia-Ukraine conflict have spurred short-term volatility in crude prices. Meanwhile, OPEC+’s decision to maintain stable output levels in upcoming meetings adds uncertainty to supply-side projections. These factors underscore the sector’s sensitivity to macroeconomic shifts, though COP’s recent workforce reduction signals a focus on internal restructuring rather than immediate exposure to external market swings.

To run this back-test accurately I need to confirm a couple of practical details so we can build the data-pull and trading logic correctly:

1. Market universe • Do you want all U.S. common stocks (NYSE + NASDAQ + AMEX), or a different region/universe? • Should ETFs and ADRs be excluded?

2. Price used for entry/exit • Buy at today’s close and liquidate at tomorrow’s close (typical), or some other convention (e.g., next-day open)?

3. Transaction costs • Assume zero costs, or apply a commission/slippage assumption?

4. Rebalancing mechanics • Equal-weight the 500 names each day, or weight by dollar volume?

Once we have these points nailed down I’ll generate the data-retrieval plan and run the back-test.