11 Best American Energy Stocks to Buy Now

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4. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 86

ConocoPhillips (NYSE:COP) is an American multinational energy corporation with a globally diversified asset portfolio. The company has operations in 14 countries and it is one of the world’s largest independent oil and natural gas exploration & production (E&P) companies based on both production and reserves. ConocoPhillips (NYSE:COP) ranks among the best American stocks to buy.

The company is actively working to strengthen its portfolio, investing in growth opportunities, and divesting non-core assets. In Q4 2024, ConocoPhillips (NYSE:COP) completed the acquisition of Marathon Oil. The company expects to achieve synergies of more than $1 billion on a run-rate basis within the next year. Additionally, in February 2025, ConocoPhillips (NYSE:COP) announced an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to subsidiaries of Shell for $735 million. The transaction is expected to close by the end of Q2 2025 with an effective date of January 1, 2025. The deal also includes an overriding royalty interest in the Ursa Field. ConocoPhillips (NYSE:COP) aims to achieve $2 billion in dispositions and the sale of these assets shows significant progress toward this target.

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