ConocoPhillips (COP) Favored at Goldman Amid the Middle East Crisis

NodeGuardian · 2026-03-09T19:54:03+00:00

Goldman Sachs has included ConocoPhillips in its Conviction List, forecasting strong cash flow growth. The company projects $1 billion annual growth by 2028 and $4 billion from the Willow project, with a $125 price target and a 'Buy' rating.

NodeGuardian

2026-03-09 19:54:03

Abstract generation in progress

Goldman Sachs has added ConocoPhillips (COP) to its US Conviction List, anticipating positive free cash flow growth for the company over the next three years. ConocoPhillips aims for $1 billion in annual free cash flow growth through 2028 and an additional $4 billion from its Willow project in 2029, driven by cost-cutting and strategic investments. Goldman maintains a ‘Buy’ rating with a $125 price target, projecting a 24% CAGR in cash flow per share between 2025 and 2030.

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