ConocoPhillips Thrives Due to Its Formula for Success

ConocoPhillips is in the business of exploring for, producing, transporting and marketing natural gas liquids, liquefied natural gas, natural gas, bitumen and crude oil. The Houston, TX-based company, which is traded under the COP Stock Symbol, was founded on August 30, 2002.

The production and exploration guru is shining through independence, after spinning off from the chain of refining. Its independent focus is being credited for last year’s great financial performance. There are currently two main factors driving the success of ConocoPhillips Stocks: an increase oil and gas production, and higher prices per barrel.

“Oil to the rescue” has become one of the mottos within ConocoPhillips’ formula for success. As its integrated energy competitors concentrate on improving their declining downstream units, this company has remained focused on continually increasing its gas and oil productions.

The other key to the formula for success for the ConocoPhillips Stock Prices is improving overall profitability. During Q1 of 2014, the company’s average price rose to a profitable $71.21 per barrel. This represented a 13% increase in per barrel cash margin. The results were a 28% spike in adjusted profits, which calculated to over $2.2 billion.

COP Stock Price Today is currently $77.28 per share, with an average volume of 1,448,944. The company’s 52-week high is 78.21, with a 52-week low of $58.71. According to analysts, COP Stock has a lot to offer shareholders. This is especially true for investors who prefer stocks with hefty dividends and steady growth.

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