Key Takeaways ConocoPhillips has a diversified, low-cost global asset base that supports production and cash flows.COP's asset sales and the Marathon Oil acquisition expand Lower 48 inventory and target $1B synergies.ConocoPhillips faces risks from oil price volatility and rising capital costs at its Willow project in Alaska.ConocoPhillips (COP) is an independent exploration and production company that boasts a diversified asset base spread across 14 countries. The company has shown stable performance over ...