HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has signed a long-term sales and purchase agreement (SPA) to lift 1 million tonnes per annum (MTPA) of liquefied natural gas ...
ConocoPhillips is what is known as an independent energy producer. Essentially, all it does is drill for oil and natural gas. This means it operates in the upstream of the broader energy sector.
Shares of ConocoPhillips have underperformed the broader market over the past year. The independent energy producer's business is highly tied to commodity prices. The best time to buy a company like ...