According to historical data since 1972, ConocoPhillips is moving towards the goal of reaching a record closing high. Currently, the oil and gas company's stock price is hovering around $135, an increase of less than 0.1%. This will be the first time since November 2022 that the company has set a new closing record. Currently, its stock price has been rising for six consecutive trading days, with a cumulative increase of 8.6% during this period. According to the news, the strong trend in ConocoPhillips stock prices was mainly due to its second-quarter earnings report, which exceeded expectations. Driven by rising energy prices and excellent operating performance, the company's adjusted earnings per share surged 122% year over year, and production set a new record. In addition, the company reaffirmed a strong shareholder return plan and obtained an increase in target prices and “buy” ratings from many Wall Street investment banks, which greatly boosted market confidence.

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