ConocoPhillips has been a dominant
force in the energy industry for many years. ConocoPhillips Corporation is a
multinational energy corporation based in America. The company’s headquarter is
in Houston, United States. The corporation is known as the world’s largest
independent exploration and production and Manufacturing Company. The company
is a result of amalgamation of Conoco Inc. and Phillips Petroleum Co. which
happened in 2002.
The company officials say, “The Company's
production growth, margin improvement, and fantastic dividend yield made it a
great value when compared to the other big U.S. oil companies.” However, the
biggest advantage is that the company is no longer cheap when it is compared to
its competitors and peers. But the company has revolutionized the paradigm of
the energy sector of United States. This particular sector has gained a lot from
the company over the recent years. The company has had a good run over the
recent years when compared to its competitors and peers as Cummins stock. Not only in the United States but globally a lot
has been gained through oil and natural gas manufacturing industry.
The industry of oil and natural gas
production is steady and in a very good position in the United States and
worldwide. Companies like Chevron, Cummins, ExxonMobil, and ConocoPhillips are
known as the dominant forces of this industry hence it seems like at some
points, Conoco is handling things nicely as the company increased limits of its
projects. Moreover, the company increased rates of production as well which is
a very good initiative taken by an oil company. The company officials say that
"Conoco will probably make due on its production growth estimates through
2016, but there are good reasons to believe this momentum will not continue
past that time." More being added that, "Since 2012, Conoco's annual
production growth has generally outpaced that of its peers thanks to the
company's heavy investment in the shale. Shale oil has provided Conoco with not
only high production growth but also better margins.”
Hence in a nutshell, it is believed
that the future of the energy sector of United States is safe and sound as
there is no sign of declining or stopping when it comes to margins.
ConocoPhillips are going through a very good phase over the recent years which have
showed a positive sign for the industry as well as the company.
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