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Stock impact report

1 Oil Stock Built for Today's Volatile Oil Market [The Motley Fool]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
ConocoPhillips ( NYSE:COP fourth-quarter conference call . Built for volatility ConocoPhillips CEO Ryan Lance led off the call by stating: It's certainly early in the new year and this sector is already off to another volatile start. Volatility can certainly be tough on an industry or a company if you're not built for it. Well, we're built for it, with clear resilience to lower prices, full upside to higher prices, and a shareholder-friendly framework that works through the cycles...Our main goal is to reinforce why ConocoPhillips offers an attractive way to invest in this cyclical business. That's the key theme as we reflect on 09 and we look forward to the future. Lance then noted that 09 capped a successful three-year transition as the company repositioned its portfolio and operations to prosper at lower oil prices. One of the primary strategies it employed was selling higher-cost assets and using the cash to build one of the strongest balance sheets in the sector. "As part of our Show less Read more
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