ConocoPhillips CEO on Possible Sale: We'd Consider It

The transcript discusses how the industry has reduced break-even costs through structural changes, focusing on cost management and portfolio adjustments. The company has made significant changes, including exiting deepwater exploration, to lower operating costs. They aim to maintain a strong balance sheet and manage margins effectively. The discussion also touches on the potential for acquisition and the company's strategy to differentiate itself in the EMP space, emphasizing capital discipline and shareholder value.

What was one of the major strategic decisions made by the company to reduce costs?

• Increasing operating costs

• Exiting the deepwater exploration market

• Entering the deepwater exploration market

• Expanding the company's capacity

How much of the cost reduction does the company believe is structural and will remain?

• 60 to 70%

• 20 to 30%

• 10 to 20%

• 80 to 90%

What is the company's stance on being acquired?

• They are actively seeking buyers

• They are not considering any offers

• They have already been acquired

• They will consider offers but have a strong independent plan

What is a key component of the company's growth strategy?

• Focusing solely on organic growth

• Increasing debt

• Capital discipline and dividend growth

• Reducing dividends

How does the company differentiate itself in the EMP space?

• By focusing only on short-term gains

• By having a unique offering to EMP investors

• By reducing its market presence

• By offering the same services as other companies