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26.10.2025 00:20:00

1 Magnificent Oil Stock Down 18% to Buy and Hold Forever

Shares of oil giant ConocoPhillips (NYSE: COP) have slumped nearly 18% over the past year. That sell-off has come during a time when the S&P 500 has rallied over 15%. Driving this underperformance is a slump in oil prices. Over the last 12 months, Brent crude, the global oil benchmark price, has fallen by more than 15% and has recently hovered near $60 per barrel. ConocoPhillips can thrive even if oil prices remain low. The oil company has multiple growth catalysts that should significantly boost its free cash flow by the end of the decade.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool