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SKU: COP Category:


ConocoPhillips, one of the largest independent oil and gas companies have witnessed better than expected fourth-quarter results backed by increased output in Canada and the overall rise in bitumen production. Moreover, the crude prices are up roughly 30% this year driven by OPEC holding back additional supply. The company’s acquisition of Concho Resources significantly increased its impressive low-cost portfolio. After this acquisition, the company expects 2021 operating costs of $5.5 billion which will mostly go into Lower 48 production where ConocoPhillips and Concho are leading players. Finally, the company announced in March 2021, its plan to restart its share buyback plan at an annual rate of $1.5 billion which bodes well for the shareholders. Overall, we are optimistic about the growth trajectory of the company given a significant increase in low-cost Permian production from Concho’s wells and general recovery from the drastic reduction in global oil demand and pricing due to COVID-19.

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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