NEW YORK, December 30, 2025, 23:19 ET — Market closed
- ConocoPhillips shares rose about 1.6% in Tuesday’s session, finishing at $94.10.
- Oil prices ended little changed after a choppy day, keeping energy stocks sensitive to headlines.
- A partner said ConocoPhillips-led drilling offshore Australia was paused after unexpected gas indications.
ConocoPhillips shares ended Tuesday up about 1.6% at $94.10, after trading between $92.79 and $94.31.
The gain mattered because oil producers have been moving with crude into year-end, with traders trying to price 2026 supply risks against signs of a looser market.
For ConocoPhillips, the next major checkpoint is guidance. The company is set to release fourth-quarter results before the market opens on Feb. 5 and host a conference call later that day to discuss 2026 guidance, it said. 1
Oil prices finished near flat on Tuesday after Monday’s jump, with traders focused on geopolitics and the outlook for supply. “Prices are likely to trend downwards in the first quarter of 2026 because of a ‘growing oil glut’,” Marex analyst Ed Meir said. 2
Company-specific headlines also surfaced from Australia. Junior partner 3D Energi said the Charlemont-1 well operated by ConocoPhillips Australia intersected significant “gas shows” — indications of gas while drilling — about 160 metres above the primary target, leading the operator to pause drilling and review the well design after higher-than-forecast pressures around 2,552 metres. 3
The move came as the broader market eased. The S&P 500 slipped 0.14% on Tuesday, while other exploration-and-production stocks such as Coterra Energy and Diamondback Energy also gained, MarketWatch data showed. 4
For traders, ConocoPhillips remains a direct read-through on crude. A modest shift in oil’s “risk premium” — the extra price tied to potential supply disruptions — can lift or drag the group quickly when liquidity thins late in the year.
Before the next session, investors will get one more full U.S. trading day on New Year’s Eve, while bond trading is set to close early at 2 p.m. ET.
Chart watchers will likely keep Tuesday’s $94.31 high and $92.79 low on the radar as near-term reference points, with $95 a nearby psychological level after the stock’s late-December bounce.
Beyond day-to-day oil swings, the market’s next big test is ConocoPhillips’ Feb. 5 update, where investors will parse any changes to production targets, capital spending and shareholder return plans in the company’s 2026 outlook.
Any follow-through in the stock may also hinge on whether ConocoPhillips provides further detail on the Charlemont-1 drilling plan after the unexpected gas indications and pause offshore Australia.
