ConocoPhillips CEO Is Bullish on U.S. Oil Growth in 2020

The video discusses the future of oil production, focusing on OPEC's role and US production growth. It highlights the importance of efficiency and technology in maintaining production levels. The discussion also covers market volatility, strategic planning, and the potential for acquisitions. The video concludes with a focus on sustainability and climate change, emphasizing the need for affordable and reliable energy while reducing carbon footprints.

What is the expected range of incremental growth in US oil production according to the transcript?

• 3 to 3.5 million barrels a day

• 500,000 to 700,000 barrels a day

• 1 to 1.2 million barrels a day

• 2 to 2.5 million barrels a day

What is one of the main challenges mentioned for US oil production?

• Limited market demand

• Lack of drilling technology

• Decreasing productivity in wells

• High cost of labor

How does the company plan to handle market volatility?

• By focusing solely on domestic markets

• By increasing production

• By embracing volatility and maintaining a strong balance sheet

• By reducing workforce

What is the company's approach to ensuring consistent growth?

• Focusing on high-risk investments

• Maintaining a low-cost supply portfolio

• Relying on government subsidies

• Expanding only in the US market

What is the company's strategy regarding acquisitions in the oil market?

• Look for distressed assets that fit their financial framework

• Only acquire assets in the Middle East

• Avoid acquisitions altogether

• Focus on large corporate acquisitions

What is the company's stance on climate change and sustainability?

• They focus only on short-term profits

• They support a carbon tax and aim to reduce emissions

• They believe climate change is not a concern

• They ignore climate change issues

What percentage of capital is expected to go into unconventional oil production over the next 10 years?

• 30%

• 90%

• 50%

• 70%