A Closer Look At ConocoPhillips' Key Business Drivers |
| August 30, 2014 | August 2014 Bond Updates |
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Based on the second quarter earnings announcement, we revised our price estimate for ConocoPhillips to $85/share, which is around 12.8x our 2014 full-year adjusted diluted EPS estimate for the company. The valuation of an independent oil and gas company largely depends on a few key business drivers such as hydrocarbon production, proved reserves, cash operating margins, and capital expenditures. |
| View more at: http://www.forbes.com/sites/greatspeculations/2014/08/29/a-closer-look-at-conocophillips-key-business-drivers/ |
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