ConocoPhillips CEO: We're Not Focused on Chasing Growth

The video discusses the focus on shale and the opportunities in the Permian Basin, highlighting the role of technology and innovation. It covers strategies in the Eagle Ford and Bakken regions, emphasizing a measured approach to development. The discussion includes cost management in the Permian, addressing inflation and strategic decisions. Finally, it analyzes competitive positioning and financial strategies, focusing on disciplined growth, returns, and cash flow management.

What is the main reason for the excitement in the Permian Basin according to the first section?

• The increase in government subsidies.

• The discovery of new resources through innovation and technology.

• The decline in global oil prices.

• The reduction in environmental regulations.

Why did the company choose a measured pace in the Eagle Ford region?

• To reduce their workforce.

• To apply technology effectively and learn from the process.

• To avoid competition with Occidental and Pioneer.

• To focus on international markets instead.

What advantage does the company see in others focusing on the Permian?

• It allows them to sell their Permian assets at a higher price.

• It reduces their service costs in the Eagle Ford region.

• It increases their market share in the Permian.

• It helps them to recruit more skilled workers.

How does the company plan to manage cost pressures in the Permian Basin?

• By increasing the number of rigs rapidly.

• By cutting down on production.

• By focusing on maintaining low capital intensity and break-even costs.

• By increasing their dividend payouts.

What is the company's strategy to compete with more nimble competitors?

• By focusing on disciplined growth and free cash flow.

• By acquiring smaller companies.

• By increasing their dividend payouts.

• By expanding into new international markets.