ConocoPhillips stock pre-market at EUR 115.05: plus 1.13 percent
π ConocoPhillips stock is up 1.13 percent in pre-market trading at EUR 115.05.
π€ The company has secured a 20-year LNG supply agreement with Venture Global.
π¦ Under the deal, ConocoPhillips will purchase 1.0 million tonnes per annum of liquefied natural gas.
ποΈ Deliveries under the new contract are scheduled to begin in 2030.
π ConocoPhillips holds a 30 percent interest in QatarEnergy's Ras Laffan LNG project.
π° The agreement provides long-term visibility on future energy supply volumes.
Bullish Signals
- ConocoPhillips stock gained 1.13 percent in pre-market trading following the announcement of a major strategic partnership with Venture Global.
- The company has locked in a 20-year sales and purchase agreement to buy 1.0 million tonnes per annum of LNG starting in 2030, securing long-term supply stability.
Full Analysis
ConocoPhillips shares are trading in pre-market sessions at EUR 115.05, reflecting a gain of 1.13 percent against the previous day's closing price of EUR 113.76. This positive movement occurred on October 6, 2026, with current market data indicating a bid of EUR 114.54 and an ask of EUR 115.56.
The stock rally is directly linked to the company's announcement of a significant long-term partnership with Venture Global. On October 1, 2026, the two entities finalized a 20-year sales and purchase agreement that establishes a steady supply chain for liquefied natural gas.
Under the terms of this new contract, ConocoPhillips is committed to purchasing 1.0 million tonnes per annum of LNG from Venture Global. Deliveries under this strategic agreement are scheduled to commence in 2030, securing future energy volumes for the operator.