ConocoPhillips - Company Profile
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ConocoPhillips is an independent upstream oil and gas company. The company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. A high quality global asset portfolio, strong reserve base and improved performance of Lower 48 segment strengthened its operations, even as an increase in operating expenses is a cause for concern. The capital expenditure plan for 2023, increasing global demand for energy, and growth initiatives could provide growth opportunities to the company. However, exploration production & development risks, fluctuations in oil and gas prices and stiff competition could affect its operations.
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