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ConocoPhillips ›ConocoPhillips (NYSE: COP) stock jumped 3.3% through 11:05 a.m. ET Tuesday, and it's not hard to guess why.New U.S. sanctions on Russian oil, combined with Russian oil major Lukoil declaring force majeure and canceling shipments from its West Qurna-2 oil field in Iraq, have oil prices marching higher. According to Oilprice.com, both West Texas Intermediate (WTI) and Brent crude prices spiked 1.3% today, and higher prices are pulling oil stock prices higher along with them.Image source: Getty Images.WTI crude prices are flirting with $61 a barrel, while Brent crude, the international benchmark, approaches $65 a barrel. That's not enough to erase the steep slide in oil prices experienced since 2025 began, but it's a good 6% more than Brent crude fetched as recently as mid-October.Oil investors should perhaps not get too excited about these developments, however. As Oilprice points out, Brent crude "has been trading within the $63 to $66 per barrel so far in November, a very narrow bandwidth," and Lukoil's announcement didn't have as big an effect on prices as might be expected, considering the field in question used to produce nearly half a million barrels of oil equivalent a day.Today's price spike could be less of a trend and more of a blip.What does this mean for investors in ConocoPhillips stock?Assume today's price spike doesn't last, and crude prices continue to trade in their "bandwidth." At $112.7 billion in market cap, ConocoPhillips stock costs about 12.5 times earnings. With a 3.8% dividend yield and a 5.6% long-term projected growth rate, that works out to a total return ratio of perhaps 1.3 -- not expensive, but not yet cheap.I'd personally hold off on buying ConocoPhillips stock until that number improves even more.Before you buy stock in ConocoPhillips, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ConocoPhillips wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $604,044!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,220,149!*Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,883.00 +7.25 (+0.11%)Dow Futures48,452.00 +84.00 (+0.17%)Nasdaq Futures25,673.50 +49.75 (+0.19%)Russell 2000 Futures2,459.80 -0.10 (-0.00%)VIX17.51 +0.23 (+1.33%)Gold4,213.60 0.00 (0.00%)PortfolioSign in to access your portfolioSign inTop gainersMH McGraw Hill, Inc. 14.09 +2.72 (+23.92%)CNTA Centessa Pharmaceuticals plc 26.70 +4.16 (+18.46%)BBAI BigBear.ai Holdings, Inc. 7.17 +1.11 (+18.32%)ONON On Holding AG 41.51 +6.33 (+17.99%)ORLA Orla Mining Ltd. 12.04 +1.46 (+13.80%)Top losersDGNX Diginex Limited 14.00 -2.35 (-14.37%)CRCL Circle Internet Group 86.30 -12.00 (-12.21%)RGTI Rigetti Computing, Inc. 28.30 -3.10 (-9.87%)MENS Jyong Biotech Ltd. 36.70 -3.96 (-9.74%)DQ Daqo New Energy Corp. 32.15 -3.46 (-9.72%)Most activeOPEN Opendoor Technologies Inc. 9.37 +0.89 (+10.50%)BBAI BigBear.ai Holdings, Inc. 7.17 +1.11 (+18.32%)PLUG Plug Power Inc. 2.7300 +0.2000 (+7.91%)NVDA NVIDIA Corporation 193.80 +0.64 (+0.33%)AMD Advanced Micro Devices, Inc. 258.89 +21.37 (+9.00%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 102,085.55 -1,079.07 (-1.05%)CSCO Cisco Systems, Inc. 73.96 +2.25 (+3.14%)LPTX Leap Therapeutics, Inc. 2.0500 +1.6125 (+368.57%)CRCL Circle Internet Group 86.30 -12.00 (-12.21%)XRP-USD XRP USD 2.47 +0.08 (+3.28%)Top economic events