11 Best Oil Company Stocks To Buy Now

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7. ConocoPhillips (NYSE:COP)

– Number of Hedge Funds With Long Positions (as of March 31): 42
– Aggregate Value of Hedge Funds’ Holdings (as of March 31): $1.22 billion

ConocoPhillips (NYSE:COP) that ranks 7th on our list of best oil company stocks to buy now is one of the world’s largest independent exploration and production companies. The company was formed as a result of the merger between Conoco Inc. and Phillips Petroleum Company in 2002. A decade later, the company spun-off its downstream business into Phillips 66 (NYSE:PSX). ConocoPhillips operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and the Middle East, and Other International. It holds over 700 active patents in 49 countries worldwide. A total of 42 hedge funds in our database held shares in ConocoPhillips worth $1.22 billion at the end of the first quarter, up from $1.08 billion in shares at the end of 2016.

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