10 Most Profitable Value Stocks to Buy Now

8. ConocoPhillips (NYSE:COP)

TTM Net Income as of March 13: $9.245 billion

Forward P/E Ratio as of March 13: 11.01

Number of Hedge Fund Holders: 86

ConocoPhillips (NYSE:COP) is an energy company that explores, produces, and markets crude oil, natural gas, and LNG. It operates across six continents and manages a diverse portfolio which includes North American shale, international conventional assets, Canadian oil sands, and global LNG projects.

The company’s Lower 48 operations are focused on US oil and gas production and drive the majority of the company’s revenue. In 2024, production increased by 5% year-over-year, which contributed to a 4% overall company growth. Further expansion is planned for 2025. In Q4 2024, Lower 48 output reached 1,308,000 barrels of oil equivalent per day. This was broken down as 833,000 barrels of oil equivalent per day in Permian Basin, 296,000 in Eagle Ford, and 151,000 barrels in Bobcat.

The company will reduce Lower 48 capital spending by $1.4 billion in 2025 to increase efficiency. This reduction is due to cost savings from the Marathon acquisition and better drilling techniques. This acquisition supports the company’s US shale presence, increases production, and promises significant cost savings. ConocoPhillips (NYSE:COP) anticipates over $1 billion in acquisition savings by the end of 2025, with more than half already included in the 2025 budget.