Core Insights - ConocoPhillips (COP) is a significant player in the energy sector, focusing on exploration and production, and is highly susceptible to oil and gas price volatility [1][8] - The company's diversified and low-cost upstream asset portfolio allows it to maintain operations during low commodity price periods, with breakeven costs as low as $40 per barrel [2][8] - The all-stock acquisition of Marathon Oil in November 2024 enhances COP's presence in the U.S. Lower 48 and adds valuable low-cost inventory, strengthening its competitive position [3][8] Company Performance - COP shares have decreased by 10.8% over the past year, compared to a 17.5% decline in the industry [7] - The company's trailing 12-month enterprise value to EBITDA (EV/EBITDA) is 5.36X, which is below the industry average of 11.07X [9] Earnings Estimates - The Zacks Consensus Estimate for COP's 2025 earnings has been revised upward recently, indicating positive sentiment [10]