ConocoPhillips

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Description

ConocoPhillips has had a dream run with its stock price climbing along with the rising oil prices. The company delivered yet another all-around beat and also announced that it has initiated its oil production at the company’s Fiord West Kuparul reservoir in Alaska. Among key updates, ConocoPhillips passed into an HOA with Sempera for a probable investment in the LNG project Port Arthur that is currently underway. Applying the severe OGMP.2.0 reporting standards that incorporate third-party verification is going to be an important step towards net zero operational emissions. ConocoPhillips generated a robust earnings per share as well as cash flows in order to support its high dividend payouts which were driven by the production of around 1.7 million barrels of oil and high realized prices. In the quarter, the production volumes were lessened by scheduled turnaround and some unplanned weather and minor impacts. The diverse global asset portfolio of the company continues to run well. Its total debt has been reduced, and the balance sheet of the company has been strengthened. The low-cost energy portfolio that is transition-oriented has been enhanced by expanding its present and future presence in the growing worldwide LNG market. We provide the stock of ConocoPhillips with a ‘Hold’ rating with a revision in the target price.

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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