AllAnalyst Report
logoMorningstarNovember 23, 2020

ConocoPhillips: Energy Stocks Surge on Positive Vaccine News, but Plenty of Upside Remains

Symbols
COP
Sector(s)
Energy
Rating
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Current Price
$40.65
Fair Value
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Economic Moat
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Stewardship
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Summary

ConocoPhillips is a U.S.-based independent exploration and production firm. At the end of the first quarter of 2020, it produced 843,000 barrels per day of oil and natural gas liquids and 2.7 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2019 were 5.3 billion barrels of oil equivalent.

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Analyst Profile

Allen Good

Sector Strategist
Allen Good, CFA, is an energy strategist for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the oil and gas industries. He is also a member of the Morningstar Research Services Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar.Before joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, he spent several years at Black & Decker in various operational roles.Good holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from Kenan-Flagler Business School at the University of North Carolina. He also holds the Chartered Financial Analyst® designation.