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SKU: COP Category:


Crude oil prices have continued to rise and ConocoPhillips has been a huge beneficiary of the same. Even with the current geopolitical tensions in Ukraine, the macro for crude oil has only improved and ConocoPhillips’ 2022 prospects already look bright. Its global operating performance was outstanding in 2021 and the management completed two significant, highly accretive acquisitions in the Permian Basin. Moreover, they produced 1.6 million barrels per day at GMT2 in Alaska, the third Montney well pad, and the Malikai Phase 2 and S&P Phase 2 projects in Malaysia. The company also added a tiered variable return of cash, or VROC, to its distribution framework and set a full-year target of $7 billion in total capital returns to its shareholders. ConocoPhillips has raised the target to $8 billion based on current forward curve prices, with the additional $1 billion coming from increased share repurchases and a higher variable return of cash. Overall, we are optimistic about ConocoPhillips and give the stock a ‘Buy’ 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
⦁ Disclosures

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