2024-04-05 04:02:00 ET
There are many different ways of approaching an investment in oil and gas. But one of the simplest is to target a company in the upstream oil and gas sector , whether that's an exploration and production (E&P) company, oil-field services and equipment provider, or integrated major.
At a market cap just shy of $150 billion, ConocoPhillips (NYSE: COP) is the most valuable U.S.-based independent E&P. It's worth more than some integrated majors -- like BP -- and about half as much as Chevron .
Here's why ConocoPhillips is well positioned to thrive in the current price environment, and why it has what it takes to endure a downturn.
For further details see:
My Top Oil Dividend Stock to Buy in April (and It's Not Even Close)