ConocoPhillips
is a company that is based in Houston, TX, and was formed in 2002. The company
has been in business for the last 12 years and has made a considerable
development in terms of financial and infrastructural growth. The main products
and services of the company include exploration, transportation, and marketing
of the crude oil, natural gas, bitumen, liquefied natural gas, and the natural
gas liquids. There are six segments through which the company is operating
worldwide.
Recently, the incident involving the oil theft in Nigeria
has plagued COP reputation, as the company has not been able to grab much of
its share from the country as it had been getting before. On the other hand,
the company has outshone its other bigger competing companies in terms of
taking the highest share in the quarterly profits. This shows whether the
company’s reputation is affected by such incidents, still the company looks to
amaze its competitors through increased sales worldwide.
Such developments have made a positive impact on the ConocoPhillips stock. Therefore, the
stock price has also been increasing since the last few months. The current COP stock price is $70.89 with an
average change of 0.82%.
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