ConocoPhillips stock trades in weekend trading at EUR 134.63
π ConocoPhillips stock traded at EUR 134.63 during weekend trading on October 25, 2026.
π€ ConocoPhillips signed a 20-year LNG purchase agreement with Venture Global for 1.0 million tonnes per annum starting in 2030.
πΌ ConocoPhillips is evaluating an unsolicited offer to sell its Norway business and Teesside asset.
π The company will retain the evaluated assets unless a counter-offer meets its value expectations.
π Xetra and primary exchanges remain closed until the next session scheduled for October 26, 2026.
Bullish Signals
- ConocoPhillips secured a long-term 20-year LNG supply agreement with Venture Global to purchase 1.0 million tonnes per annum starting in 2030.
- ConocoPhillips received an unsolicited offer for its Norway business and Teesside asset, indicating strong market interest in its international portfolio.
Risk Factors
- ConocoPhillips is considering divesting its Norway business and Teesside asset if the current unsolicited offer does not meet its valuation expectations.
- The company's evaluation of selling key European assets introduces potential uncertainty regarding future production volumes and geographic diversification.
Full Analysis
ConocoPhillips stock traded at EUR 134.63 during weekend trading on October 25, 2026, according to Lang & Schwarz. This price point was recorded at 5:30 p.m. CEST while primary exchanges like Xetra remained closed for the weekend session.
On October 1, 2026, ConocoPhillips announced a significant long-term liquefied natural gas (LNG) sales and purchase agreement with Venture Global. Under this deal, ConocoPhillips agreed to buy 1.0 million tonnes per annum of LNG from Venture Global for a duration of 20 years, with deliveries starting in 2030.
Additionally, ConocoPhillips stated on October 1, 2026, that it is evaluating a potential sale of its Norway business and the Teesside asset following an unsolicited offer. The company indicated it would retain these assets unless a counter-offer meets its expectations for value, signaling active strategic review of its international portfolio.
The article notes that no trading direction is implied by the weekend quote alone, as Xetra sessions are scheduled to resume on October 26, 2026. These developments highlight ConocoPhillips' ongoing expansion in LNG supply and potential restructuring of its European asset base.