I own some P, but I most own IMO [Imperial Oil of Canada, Ltd.]. The P investment is Duke Energy [30%] is of less value now, because natural gas prices are down a lot. Former ARCO assets in Alaska are great, but never forget that Alaska pipeline can be sabotaged. It was closed down about a day because of a bullet hole by a goof. This means the oil in Alaska is more GATED! Phillips does have some assets in United Arab Emirates, and these could all go - in case the rabble raisers in sympathy with Bin Laden are able to overthrow the King Fahd et al. P is a strong company, but the potential for troubles has never been greater!
P is not in any worst shape than any other oil companies. If we worry about the Alaska pipeline or the Saudi oil fields or the oil field in South America, Algeria, Central Asia or any foreign landwe probably would not buy in to the oil stock. It is a gamble and I for one can't woory about the what ifs.Any stock you buy is a ganble, for sure. Oil stock will survive.
All major oil companies are in places that P is in.
Unocal supported the Taliban in Afghanstan to the tune of millons if not a billon dollars. They should worry.