ConocoPhillips can generate that much cash at an oil price below $80 because of its low cost of supply. It has about 20 billion barrels of resources with a cost of supply of $40 per barrel or ...

ConocoPhillips has a very low cost of supply. The oil company can produce a lot of cash when crude oil is in the $70s. It increased its low-cost supplies by acquiring Marathon Oil. Oil prices have ...