ConocoPhillips Co. is a Texas based fortune 500 multinational
Company, which is in the oil and natural gas business. Conoco Philips is traded
on New York Stock Exchange (NYSE) with the symbol COP and currently has the
COP stock price of $ 69. The company has market capitalization of over $ 80 billion
with annual revenues in financial year 213 exceeding $ 60 billion. The company
operates in over 30 countries and its operation sectors are divided into six
divisions on geographical basis which are Asia Pacific, Middle East, Europe,
Alaska, Latin America and International. The company specializes in the
exploration, extraction, purification, transportation of Oil and Natural gas.
The company operates in all processes in the oil and gas industry which are
refining, exploration and marketing. The oil and gas products play an important
role in the global economic development. The companies in these industries have
fairly stable consumer base since these materials are used from factories to
the individual level consumers. Considering these facts the company looks a
fairly diversified investment opportunity since it has operation spread out
across the globe and after the splitting up of its company into two parts with
one concentrated towards the exploring and acquiring assets other towards
refining the company has been able to exhibit good growth which is a positive
sign for investors in the upcoming years.
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