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SKU: COP-1 Category:


Upstream behemoth, ConocoPhillips has been a favorite among investors after the big announcement of resuming share buybacks worth $1.5 billion each year. The company’s stock price has been on a roll fuelled by the rally in crude oil prices and the management has been delivering strong cash flows from operations. To further augment the cash situation, the management intends to divest its 10% stake in Cenovus Energy and fund the buybacks. Despite the increasingly new forms of alternative energy such as hydrogen fuel gaining momentum, the demand for crude oil is expected to grow over the coming years after a particularly rough patch during the Covid-19 pandemic. The OPEC+ is keeping a tight leash on the global crude oil production and the current macroeconomic scenario is bound to help exploration and production majors like ConocoPhillips. The company has almost reached the target price from our last report and we maintain our ‘Buy’ rating with a target price revision.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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