Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



A New Look for ConocoPhillips

ConocoPhillips (NYSE: COP  ) was up today, after coming in at $1.44, significantly surpassing analysts' $1.20 estimates. Having recently come off their spin-off of their downstream, Conoco is a difficult company to value and compare right now, as it has some big transformations lined up for the future. If all goes as planned, ConocoPhillips will be a huge North-American upstream E&P in just a few years' time.

Changes ahead for Conoco include focusing capital expenditure on new oil-rich fields, such as the Bakken and Eagle Ford, as well as moving away from natural gas and shifting their concentration almost entirely to production. The company will also work on improving its balance sheet, and plans to steadily increase its dividend -- a very shareholder-friendly move.

In the video below, analyst Joel South reviews the company's three-year plan, emphasizing key focal points that investors need to watch. And if you're looking for even more intriguing energy plays, then check out The Motley Fool's free premium report, "3 Stocks for $100 Oil." This current, in-depth analysis won't be available forever, so click here now to claim your copy today.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2077988, ~/Articles/ArticleHandler.aspx, 10/25/2016 8:04:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,223.03 77.32 0.43%
S&P 500 2,151.33 10.17 0.47%
NASD 5,309.83 52.43 1.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/24/2016 4:01 PM
COP $42.24 Up +0.70 +1.69%
ConocoPhillips CAPS Rating: ****
CHK $6.36 Down -0.32 -4.79%
Chesapeake Energy CAPS Rating: ***
DVN $41.72 Down -0.97 -2.27%
Devon Energy CAPS Rating: ****