uploads/2016/09/COP-2Q16-Revenue-Mix-1.jpg

A Look at ConocoPhillips’s Oil and Gas Revenue Mix

By

Updated

ConocoPhillips’s oil and gas revenue mix

  • In 2Q16, ConocoPhillips’s (COP) operating revenue from crude oil (USO), natural gas (UNG), bitumen, and natural gas liquids sales totaled ~$3.7 billion, a fall of ~32% compared to 2Q15.
  • As you can see in the above graph, for 2Q16, ConocoPhillips’s ~$2.3 billion, or ~63%, of E&P (exploration and production) revenues came from crude oil sales. About $882 million, or 24%, came from natural gas sales; ~$264 million, or ~7%, came from bitumen sales; and only ~$218 million, or ~6%, came from natural gas liquids sales.
Article continues below advertisement

Other upstream players

Other upstream companies such as Energen (EGN), EOG Resources (EOG), and Diamondback Energy (FANG) also generate the majority of their operating revenues from crude oil sales.

Advertisement

More From Market Realist