Key Takeaways ConocoPhillips has decades of sub-$40/barrel inventory across key U.S. shale basins. COP's low-cost model supports profits even with WTI crude around$65 per barrel. Despite an 19.1% stock fall, COP's operations remain strong and cash flow resilient.ConocoPhillips (COP) has a strong production outlook, backed by its decades of low-cost inventory of drilling sites. The upstream energy giant added that the costs are even lower than $40 per barrel, allowing it to continue producing oil at low p ...