This Top Oil Stock Is a Cash-Producing Machine
ConocoPhillips (NYSE: COP) has spent several years building a low-cost oil company. It has sold off higher-cost assets and recycled the capital to expand its lower-cost resources. The result is an oil company that can produce a lot of cash at lower oil prices. That was on full display during the first quarter. Meanwhile, with further improvements in its cash flow ahead, the oil stock will become an even more efficient cash-producing machine.Image source: Getty Images.Continue reading
ConocoPhillips (NYSE: COP) has spent several years building a low-cost oil company. It has sold off higher-cost assets and recycled the capital to expand its lower-cost resources. The result is an oil company that can produce a lot of cash at lower oil prices.
That was on full display during the first quarter. Meanwhile, with further improvements in its cash flow ahead, the oil stock will become an even more efficient cash-producing machine.
Image source: Getty Images.
