Aud, you also forgot to mention that COP is now more focused on the USA's energy independence boom (which alleviates some of the international risk), has some of the best management in the industry, and has room to grow with a PE of 12.
We'll see if that's true. I believe it will be the case and have all my COP shares in a DRIP plan. But, let's wait for a minimum of 5 years to see if COP is a great long term investment. Time will tell and good luck to all COP longs.