ConocoPhillips (NYSE:COP) is a deep value stock to invest in now. On May 18, ConocoPhillips (NYSE:COP) signed a long-term natural gas supply deal with Glenfarne’s Alaska LNG. The 30-year agreement secures natural gas produced on Alaska’s North Slope, as part of the Alaska LNG project.
The agreement underscores ConocoPhillips’ commitment to developing Alaska’s resources for the long-term benefit. The agreement also aligns with the company’s push to enable access to reliable natural gas while completing ongoing investment in Alaska.
The agreement coincides with the company confirming that it expects delays of months for the increase in liquefied natural gas production capacity at a joint venture with Qatar. The delays were necessitated by damage to the Ras Laffan facilities in Qatar from the ongoing US-Iran war.
Meanwhile, ConocoPhillips continues to reward investors with dividends. The company pays an annualized dividend of $3.36 per share, yielding 2.8%. Its most recent dividend was on June 1, whereby it paid a regular dividend of $0.84 a share.
ConocoPhillips (NYSE:COP) is a leading global independent exploration and production (E&P) company. They explore for, develop, and produce crude oil, natural gas, bitumen, and liquefied natural gas (LNG) across 14 countries.
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