It took 3 years, but ConocoPhillips (COP) is back reaching new all-time highs. Over this time, the price decreased to $19.69 (-73.15% drawdown), which marked the lowest point between the previous all-time high and the current one. Last Friday ConocoPhillips (COP) price closed at $74.92 skyrocketing a 4.77%; new all-time highs are set at $75.10.
Since the price bottomed at $51.41 last August, the stock surged by 45.73%.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.. The stock belongs to the Oil & Gas E&P industry in the Energy sector. The firm's Headquarters are in Houston, United States, and has 10,100 employees worldwide. Find further details about the company at its corporate site at http://www.conocophillips.com.