ConocoPhillips: Growth, Synergies, Cheap Valuation
Summary
ConocoPhillips is rapidly expanding its upstream operations, notably in the Permian Basin, fueled by the Marathon Oil ac...
ConocoPhillips is rapidly expanding its upstream operations, notably in the Permian Basin, fueled by the Marathon Oil acquisition in 2024. COP delivered strong production growth and robust free cash flow in Q2 2025, despite a 23% year-over-year earnings decline due to lower petroleum prices. Billions in expected synergies and $5.0B in targeted asset dispositions could be recycled into new production assets in high-potential regions such as the Permian.