Does ConocoPhillips Have the Balance Sheet to Handle Market Volatility?

Key Takeaways COP's debt-to-capitalization of 26.7% is far lower than the industry average of 49.8%.ConocoPhillips held $7.5B in cash and $1B in liquid investments at Q1 2025's end.An A-rated balance sheet allows COP access to favorable debt even in tough markets.ConocoPhillips (COP) is a leading exploration and production company and is highly exposed to oil and natural gas price volatility. However, unlike many upstream players, COP has the balance sheet strength to withstand unfavorable business scenario ...