11 Best Natural Gas Stocks To Buy Now

3. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 66

Ranked at number 3 in our list of the Best Natural Gas Stocks to Buy is ConocoPhillips (NYSE:COP), one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves. Headquartered in Texas, the company explores for, produces, transports, and markets crude oil, bitumen, natural gas, natural gas liquids, and LNG on a worldwide basis.

ConocoPhillips (NYSE:COP) delivered a strong performance in 2024 as it increased its total production by 4% YoY and closed the $22.5 billion acquisition of Marathon in late November, which added high-quality, low-cost supply inventory to its portfolio. The company also returned $9.1 billion of capital to its shareholders during the year, representing 45% of its operating cash flow and well above the 30% commitment. CP remains committed to its shareholders and announced a target to return $10 billion in 2025, assuming current commodity prices. The company has also declared its ordinary dividend of $0.78 per share for Q1 of 2025 and boasts a dividend yield of 3.22% as of February 13, 2025.

ConocoPhillips (NYSE:COP) is committed to reducing its carbon footprint, having achieved the Oil and Gas Methane Partnership 2.0 Gold Standard designation in 2024. The company’s medium-term targets include reducing greenhouse gas emissions intensity by 50 to 60% by 2030 and achieving a near-zero methane emissions intensity by the end of the decade.