Is ConocoPhillips (COP) a natural hedge during uncertainties?

Is Conoco Phillips (COP) a Natural Hedge during Uncertainties? Soumya Eswaran Mon, May 25, 2026 at 10:54 PM GMT+7 3 min read ^GSPC COP Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the Russell 1000® Value Index and the S&P 500 Index, which returned 2.10% and -4.33%, respectively. The U.S. markets continue to post new highs, with the S&P 500® having compounded at mid-twenties percent returns from 2023 to 2025. The letter noted that there are no indications of a slowdown in the US market, despite significant geopolitical events. The Fund remains disciplined, investing in companies and building a portfolio of strong, risk-adjusted returns throughout the market cycle, emphasizing a long-term strategy for differentiated returns. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Yacktman Focused Fund highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) is a US-based energy company that produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. On May 22, 2026, ConocoPhillips (NYSE:COP) closed at $120.46 per share. One-month return of ConocoPhillips (NYSE:COP) was -1.00%, and its shares gained 41.40% over the past 52 weeks. ConocoPhillips (NYSE:COP) has a market capitalization of $146.76 billion.

Yacktman Focused Fund stated the following regarding ConocoPhillips (NYSE:COP) in its Q1 2026 investor letter: