ConocoPhillips stock rises as oil steadies; Australia gas well update and Feb. 5 earnings in focus
ConocoPhillips shares rose 1.6% to $94.10 Tuesday after a partner reported drilling at the Charlemont-1 well offshore Australia was paused due to unexpected gas shows and higher-than-forecast pressures. Oil prices closed little changed, while the S&P 500 slipped 0.14%. ConocoPhillips will release fourth-quarter results and 2026 guidance on Feb. 5.