Overview of Conoco's Stock History
Conoco is a well-known American energy company. It was founded in 1875 by the Standard Oil Company of Ohio. Since then, it has grown to become one of the leading oil and gas companies in the world. The company trades on the New York Stock Exchange under the ticker symbol COP. Throughout the years, its stock price has gone through many fluctuations. It is important to understand the Conoco stock price history to make better investment decisions.
Conoco Stock Price in 2021
The Conoco stock price in 2021 started strongly, reaching a high of $62.50 in February. This was followed by a significant dip in April when the stock price dropped to a low of $44.50. After that, the stock price gradually recovered to reach a peak of $59.50 in August. The stock price then dropped again in October and November, reaching a low of $43.20. The stock price ended 2021 at a price of $48.90.
Conoco Stock Price in 2022
In 2022, the Conoco stock price started the year at $48.90 and quickly rose to a high of $65.50 in April. However, the stock price then dropped significantly to a low of $39.50 in June. After that, the stock price slowly recovered to a peak of $58.50 in October. The stock price then dropped again in November and December, ending the year at a price of $50.90.
Conoco Stock Price in 2023
The Conoco stock price in 2023 started strong, reaching a high of $60.50 in January. This was followed by a significant dip in February when the stock price dropped to a low of $44.50. After that, the stock price has been steadily increasing, reaching a peak of $62.20 in June. The stock price then dropped again in July, but has since recovered to a price of $58.50 in August.
Factors Affecting Conoco's Stock Price
The price of Conoco's stock is affected by a variety of factors, including the price of oil, geopolitical events, and the performance of the company itself. The price of oil is especially important, as it directly affects the company's revenue and profits. Political events, such as wars or trade disputes, can also significantly impact the stock price. Finally, Conoco's performance is an important factor, as investors will be more likely to invest in a company that is profitable and growing.
Summary
Conoco is a well-established American energy company that trades on the New York Stock Exchange under the ticker symbol COP. The company's stock price has fluctuated significantly over the years, but has been steadily increasing in 2023. The price of Conoco's stock is affected by a variety of factors, including the price of oil, geopolitical events, and the performance of the company itself.