5 Best Gas Stocks To Watch For 2015: ConocoPhillips(COP)
ConocoPhillips operates as an integrated energy company worldwide. The company?s Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. Its Midstream segment gathers, processes, and markets natural gas; and fractionates and markets natural gas liquids in the United States and Trinidad. The company?s Refining and Marketing (R&M) segment purchases, refines, markets, and transports crude oil and petroleum products, such as gasolines, distillates, and aviation fuels. Its Chemicals segment manufactures and markets petrochemicals and plastics. This segment offers olefins and polyolefins, including ethylene, propylene, and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products comprising organosulfur chemicals, solvents, catalyst s, drilling chemicals, mining chemicals, and engineering plastics and compounds. The company?s Emerging Businesses segment develops new technologies and businesses. It focuses on power generation; and technologies related to conventional and nonconventional hydrocarbon recovery, refining, alternative energy, biofuels, and the environment. This segment also offers E-Gas, a gasification technology producing high-value synthetic gas. ConocoPhillips was founded in 1917 and is based in Houston, Texas.Advisors' Opinion:
- [By Ben Levisohn]
Chevron fell 4.1% on Friday, and helped drag down ExxonMobil (XOM) and ConocoPhillips (COP), which released results of its own last week. Exxon dropped 2% on Friday, while ConocoPhillips fell 1.2%.
- [By David Smith]
The expanding company, whose market capitalization sits just below $7 billion, increased the likelihood of future growth through a pair of recent transactions. In De! cember Denbury sold Bakken assets to ExxonMobil (NYSE: XOM ) for $1.3 billion. Denbury also received Exxon's interest in a pair of Texas and Wyoming fields and an interest in the larger company's CO2 reserves in yet another Wyoming field. It then purchased Cedar Creek Anticline properties in North Dakota and Montana from ConocoPhillips (NYSE: COP ) for just over $1 billion.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/5-best-gas-stocks-to-watch-for-2015.html