Should You Buy ConocoPhillips Stock With Oil Prices Below $80 a Barrel?

Oil prices have bounced around quite a bit over the past year. WTI, the primary U.S. benchmark price, has topped $80 a barrel several times, including earlier this month. However, it has cooled off since then and is currently in the mid-$70s. The price of crude oil has a meaningful impact on oil stocks. Here's a look at whether it's still worth buying shares of ConocoPhillips (NYSE: COP) now that oil has dipped below $80 a barrel again.ConocoPhillips is one of the world's leading exploration and production companies. Its oil, natural gas, and natural gas liquids (NGL) production averaged over 1.9 million barrels of oil equivalent (BOE) per day in the third quarter of last year. The company sold its oil for an average of $76.77 during that period and its total output for an average of $54.18 per BOE. That price point enabled the company to generate $4.7 billion in cash from operations. It used that money to invest in expanding its operations, pay dividends ($900 million), repurchase shares ($1.2 billion), and maintain a strong balance sheet ($7.1 billion of cash and short-term investments at the end of the period). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool