ConocoPhillips CEO on Business Plan and Oil Prices

The video discusses a strategic shift from focusing on growth to prioritizing returns, highlighting the company's market performance and investor relations. It explains the cash flow strategy and concerns about market volatility, emphasizing production growth and an unhedged strategy. The discussion includes technological advancements and sustainable practices, particularly in Arctic drilling, and outlines risk management strategies to handle market fluctuations.

What was the initial reaction of the industry to the company's strategic shift towards returns over growth?

• The industry praised the strategy from the start.

• The industry ignored the strategy.

• The industry was skeptical and questioned the move.

• The industry immediately adopted the strategy.

How has the company performed compared to the S&P 500 and energy benchmarks over the past year?

• It has only outperformed the S&P 500.

• It has outperformed both.

• It has matched the performance of both.

• It has underperformed both.

What is the company's approach to handling excess cash?

• Distributing it to shareholders.

• Spending it on marketing.

• Investing in new projects.

• Holding it indefinitely.

What is the company's stance on hedging its production?

• The company is fully hedged.

• The company plans to hedge in the future.

• The company is partially hedged.

• The company is unhedged.

What is the company's focus when it comes to shale production?

• Avoiding shale production entirely.

• Rapid expansion without regard to returns.

• Focusing on returns and cautious development.

• Maximizing growth at any cost.

What is the company's approach to potential drilling in Alaska?

• They are not interested in Alaska.

• They will only drill if it is highly profitable.

• They plan to drill aggressively without regard to sustainability.

• They will consider it, focusing on sustainable practices.

How has the company designed its plan to handle market volatility?

• By relying on government subsidies.

• By focusing only on high price scenarios.

• By creating a plan that is resilient to both low and high prices.

• By ignoring market volatility.