#Price of oil market watch free
With oil prices entering 2022 well in excess of that price point, ConocoPhillips should generate a gusher of free cash flow. That assumes oil prices average $50 per barrel. The oil and natural gas company estimates it can produce a cumulative $80 billion in free cash flow by 2031. That provides it with plenty of cushion to weather frequent periods of low oil and gas prices.ĬonocoPhillips’ low operating costs position it to generate significant cash flow in the coming years. It has an investment-grade bond rating backed by a low leverage ratio. ConocoPhillips complements its low cost of supply with a strong balance sheet. It has an average cost of supply of less than $30 a barrel. It has operations around the world and uses several methods to produce oil and natural gas.ĬonocoPhillips stands out for its low operating costs.
It's also an important one for investors to understand.ĬonocoPhillips is a diversified oil and natural gas producer. This broad industry is crucial to providing the economy with the energy it needs. Electric utility stocks: Electric utility companies generate and distribute electricity to customers.Utility stocks: These companies generate and distribute electricity and natural gas to customers.Liquefied natural gas stocks: Liquefied natural gas (LNG) companies develop and operate facilities to liquefy natural gas.Natural gas stocks: Natural gas companies concentrate on finding, producing, transporting, and exporting natural gas.Oil stocks: Oil companies focus on finding, producing, transporting, and refining crude oil.Oil and gas stocks: These companies focus on finding, producing, transporting, storing, refining, and exporting fossil fuels.Wind energy stocks: This subgroup focuses on manufacturing wind turbines and blades.Solar energy stocks: This subgroup of renewable energy focuses on manufacturing solar panels and components to generate electricity from the sun.They also include companies that operate and develop renewable energy-generating facilities. Renewable energy stocks: These companies manufacture components to produce electricity using renewable resources such as solar, wind, hydroelectric, and geothermal power.
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