ConocoPhillips reported first-quarter adjusted earnings decreased to $2.4 billion from $2.9 billion a year earlier, largely on lower gas prices but partially offset by increased production. Following its three-tier capital return framework, it paid out $0.9 billion in dividends and variable return of cash and repurchased $1.3 billion in shares.
A large position in the Permian offers low-cost liquids growth with wider margins, lower risk, and higher returns than international operations.
Conoco is investing to reduce emissions, but not to diversify its business away from hydrocarbons, potentially risking future value destruction if demand declines faster than expected.
|
Metric
|
COP
|
MRO
|
APA
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.16 | 9.32 | 6.29 |
Price/Book Value | 2.97 | 1.34 | 3.49 |
Price/Sales | 2.67 | 2.43 | 1.14 |
Price/Cash Flow | 7.02 | 3.79 | 2.66 |
|
Metric
|
COP
|
MRO
|
APA
|
|---|---|---|---|
Quick Ratio | 1.21 | 0.33 | 0.71 |
Current Ratio | 1.43 | 0.40 | 1.02 |
Interest Coverage | 15.94 | 6.55 | 9.79 |
|
Metric
|
COP
|
MRO
|
APA
|
|---|---|---|---|
Return on Assets (Normalized) | 11.43% | 7.99% | 10.22% |
Return on Equity (Normalized) | 22.08% | 14.05% | 131.66% |
Return on Invested Capital (Normalized) | 16.85% | 10.90% | 21.40% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
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PXD
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HES
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FANG
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DVN
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MRO
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APA
| APA Corp | Jzxhfcfn | Czgh | $11.3 Bil | |
AR
| Antero Resources Corp | Tszkrqnb | Xhn | $10.2 Bil |
