BlackRock Amends ConocoPhillips Stake, Filing 13G/A on Dec 31, 2023

TL;DR

**BlackRock updated its ConocoPhillips stake as of year-end 2023.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 31, 2024, indicating its ownership of ConocoPhillips Common Stock as of December 31, 2023. This amendment, number 13, updates their previous disclosures regarding their stake in the petroleum refining company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in ConocoPhillips' future performance, potentially influencing other investors.

Why It Matters

Large institutional ownership by firms like BlackRock can provide stability to a stock, but significant changes in their holdings can also impact market sentiment and share price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently signal a high-risk event.

Analyst Insight

Investors should monitor future 13G/A filings from BlackRock to track any significant changes in their ConocoPhillips holdings, as these can sometimes precede shifts in market sentiment.

Key Players & Entities

• BlackRock Inc. (company) — the entity filing the SC 13G/A
• ConocoPhillips (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the date the SC 13G/A was filed
• Amendment No: 13 (number) — the specific amendment number for this filing

FAQ

From the Filing

0001086364-24-006076.txt : 20240131 0001086364-24-006076.hdr.sgml : 20240131 20240131164724 ACCESSION NUMBER: 0001086364-24-006076 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONOCOPHILLIPS CENTRAL INDEX KEY: 0001163165 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 010562944 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78580 FILM NUMBER: 24583554 BUSINESS ADDRESS: STREET 1: 925 N. ELDRIDGE PARKWAY CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 281-293-1000 MAIL ADDRESS: STREET 1: SHIPPING & RECEIVING CENTER STREET 2: 16930 PARK ROW DR. CITY: HOUSTON STATE: TX ZIP: 77084 FORMER COMPANY: FORMER CONFORMED NAME: CORVETTEPORSCHE CORP DATE OF NAME CHANGE: 20011204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us20825c1045_013124.txt us20825c1045_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 13) CONOCOPHILLIPS -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 20825C104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 20825C104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 91579165 (6) Shared voting power 0 (7) Sole dispositive power 98276158 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 98276158 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CONOCOPHILLIPS Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 925 N ELDRIDGE PARKWAY HOUSTON TX 77079 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackR