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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