ConocoPhillips has transformed its operations over the years to become a low-cost oil producer. The U.S. oil giant has sold higher-cost oil assets and recycled that capital into acquiring lower ...

The good news for American drivers is that gasoline prices are coming down. And President Donald Trump was happy to take credit for what he sees as very good news.

The oil company has invested heavily in developing and expanding its low-cost oil and gas resources, which is allowing it to produce prodigious cash flow and return a lot of money to shareholders.

This brought his stake to just under $13 billion at today’s price. Buffett loves Occidental’s low-cost oil production in the Permian Basin, its $18.5 billion acquisition of CrownRock in 2024 ...

With a supply cost that low, ConocoPhillips can cash in on $70 crude oil. The oil company expects to produce enough cash to cover the $12.9 billion it plans to invest in capital projects to ...