It took 3 years, but ConocoPhillips (COP) is back hitting all-time highs. During this time, the price fell to $19.69 (-73.15% drawdown), the lowest point between the previous all-time high and the recent one. On Friday ConocoPhillips (COP) stock closed at $74.92 skyrocketing a 4.77%; new all-time highs are set at $75.10.
In mid-September, the price broke out over the previous top at $57.84 on the downtrend started last July. Since then, the price action resulted in a 29.53% profit.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.. The stock is part of the Oil & Gas E&P industry in the Energy sector. The company's Headquarters are in Houston, United States, and has 10,100 employees worldwide. Its corporate website is http://www.conocophillips.com.