Company report
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26 Pages

ConocoPhillips corporate report


ConocoPhillips corporate report

Report summary

ConocoPhillips is taking bold strategic action as it looks to deliver on its primary objective of boosting shareholder returns. The US$16 billion of asset sales at the end of Q1 ticked all the boxes with investors. The considerations received were attractive (WM base case US$12.2 billion vs. US$13.3 billion for the Cenovus deal and WM base case US$2.3 billion vs. US$2.7 billion received for the Hilcorp deal) and, most importantly, instantly gets the company back on a much stronger financial footing.

What's included?

This report includes 2 file(s)

  • ConocoPhillips corporate report PDF - 2.64 MB 26 Pages, 9 Tables, 25 Figures
  • ConocoPhillips Corporate Report.xls XLS - 3.77 MB

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Recent strategic moves
    • Current strategic positioning
      • Strategic fit of international regions
    • Strategic priorities
      • 1) Delivering on value versus volume
      • 2) Divestiture programme
        • Cenovus deal details
      • Other potential moves
      • 3) Elevating the prominence of tight oil within the portfolio
  • Financial health
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Portfolio summary
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 34 tables or charts, including:

  • Executive summary
    • SWOT Analysis
  • Strategy
    • Production CAGR guidance issued at Q4 results
    • Dividend yield vs. 2017 Corporate breakeven
    • COP relative share price performance to peers
    • 10 year Total Shareholder return 2006 - 2016
    • Strategy: Image 5
    • COP's 'three companies' production outlook
    • COP's 'three companies' cash flow outlook
    • Forecasted cumulative free cash flow 2017 – 2020
    • ConocoPhillips' net debt outlook
    • Potential non-core North American divestiture targets
    • Benchmarking: % NPV by resource theme
    • Diversified Independents recent M&A activity
    • ConocoPhillips’ tight oil production outlook
    • ConocoPhillips’ portfolio acreage vs. peers
    • ConocoPhillips’ US Lower 48 breakevens vs. play ranges
    • 2017 Lower 48 cost inflation assumptions based on growth in basin spend
    • ConocoPhillips' drilling locations in the Permian Basin
    • Permian remaining commercial reserves
    • It’s not too late to build scale in the Permian
  • Financial health
    • Cash flow breakeven evolution
    • Benchmarking: Q4 2016 net-debt-to-cap ratio
  • Resources, reserves and production
    • Benchmarking: reserve and resources detail
    • Benchmarking: reserves and resource life
    • WM forecasted production outlook
  • Portfolio summary
    • Top North American assets by value
    • Top International assets by value
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Economic assumptions: Image 1
    • Economic assumptions: Image 2
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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