ConocoPhillips had a mixed result in the last quarter as the company was able to surpass the revenue expectations of Wall Street given its diversified and deep portfolio. However, it fell slightly short of the earnings expectations of analysts. From a portfolio perspective, the company’s deep asset base is very well-positioned to generate solid cash flow and has generated a high return on capital. Like other oil and gas majors, it has worked towards minimizing the ESG risk and advanced its net zero operational emissions ambition with one new medium-term methane intensification target consistent with its latest commitment to joining OGMP 2.0 while looking towards reducing its own emissions footprint. Among other major updates, ConocoPhillips has recently executed a 20-year sale and purchase agreement with Sempra Infrastructure for 5 million tons per annum of LNG from Phase 1 of the projected Port Arthur LNG project. The company has many new LNG opportunities in the United States and in Qatar which provide a strong upside. We give the company a ‘Hold’ rating with a revised 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
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