ConocoPhillips

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SKU: COP-1 Category:

Description

ConocoPhillips delivered a mixed set of results in its most recent results, with revenues falling short of Wall Street expectations but above-par earnings. In the recent quarter, ConocoPhillips witnessed robust performance, marked by significant achievements across its international portfolio. Financially, the company demonstrated significant global and Lower 48 production in Q3, prompting an upward revision of full-year production guidance. Management highlights the successful closure of the Surmont acquisition, emphasizing its alignment with the company’s financial framework and the positive impact on the 10-year plan. The acquisition of the remaining 50% of Surmont adds a long-life, low-declining, and low-capital intensity asset to ConocoPhillips, with production anticipated to commence in the first quarter of 2024. The company’s strategic focus extends to global LNG, with progress in securing regas capacity at the Gate LNG terminal in the Netherlands. This move contributes to the diversification of the company’s portfolio, a key strength for the organization. Internationally, the team achieved milestones such as the start-up of CPF2 in the Montney and ahead-of-schedule project developments in Norway and China.

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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