ConocoPhillips is an independent upstream oil and gas company. The company explore for, produce, transport and market crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids across the world. High quality global asset portfolio, strong reserve base and improved performance of Lower 48 segment has strengthened its operations, even as increase in debt is cause for concern. Capital expenditure plan in 2022, increasing demand of energy and increasing upstream investments could provide new growth opportunities to the company. However, exploration production & development risks, fluctuations in oil and gas prices and stiff competition could affect its operations.
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