COP stock price volatility spiked slightly following EIA’s latest inventory report showing a drawdown of 3.1 million barrels, reinforcing bullish oil fundamentals that often correlate directly with ConocoPhillips’ earnings. The sell-off in ConocoPhillips stock provides a good buying opportunity for investors with long-term investing horizons. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . With current COP stock price strength, dividend investors continue to view ConocoPhillips as a stable income-producing asset alongside potential capital appreciation.