Key Takeaways ConocoPhillips is exposed to oil price swings due to its focus on upstream exploration and production.COP's shale assets in the Permian, Eagle Ford, and Bakken basins have breakevens near $40 per barrel.The Marathon Oil deal adds low-cost inventory near COP's U.S. assets, boosting production durability.ConocoPhillips (COP) is a leading player in the energy sector, primarily involved in exploration and production activities with a strong global presence.The company’s involvement in the upstream ...