ConocoPhillips Climbs to 107th in Trading Volume with 44.5% Surge as $1.3B Asset Sale and Strong Earnings Signal Strategic Shift

On August 7, 2025, ConocoPhillips (COP) traded with a volume of $0.96 billion, a 44.54% increase from the prior day, ranking it 107th in market activity. The stock closed down 0.55%, reflecting mixed investor sentiment amid strategic asset divestments and production updates.

ConocoPhillips announced the sale of its Anadarko Basin assets in Oklahoma for $1.3 billion, accelerating its progress toward a $5 billion non-core asset disposal target by 2026. The transaction, expected to close in Q4 2025, follows the company’s 2024 acquisition of Marathon Oil, which expanded its footprint in key U.S. basins. The sale aligns with efforts to reduce debt and focus on higher-margin operations, with the company having already divested over $2.5 billion in assets since the Marathon deal closed.

Second-quarter production rose to 2.39 million barrels of oil equivalent per day (boepd), up 446,000 boepd year-over-year, despite weaker crude prices. Brent crude averaged 20% lower in Q2 compared to the prior year, pressured by U.S. tariffs, global economic uncertainty, and OPEC+ output. ConocoPhillips reported adjusted earnings of $1.42 per share, exceeding estimates, but realized prices fell to $45.77 per boe, down 19% annually. The company expects Q3 production to range between 2.33 and 2.37 million boepd.

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