Producers, Oil Price Exposure to Middle East - Industry Report Featuring ConocoPhillips and Apache
Monday, March 07, 2022 8:51 AM

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HONG KONG, March 7 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting ConocoPhillips (NYSE:COP) and Apache Corporation (NYSE:APA). As the Middle Eastern situation continues to press concerns, it brings the potential for destabilizing a geo-strategically important region. Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.

Libya is a key OPEC member and accounts for about 2% of global oil supplies. Oil production from Egypt remains a smaller contributor, producing a little bit less than 1% of the world's total supply. Together, the Suez-Mediterranean pipeline and the canal itself account for three million barrels a day out of a total of about 88 million barrels worldwide, representing 3.5% of world production.

Fundamentals of the U.S. economy are expected over the long-term to continue recovery. Many investors are using weakness resulting from the Libya unrest as an opportunity to own quality names that enjoy strong earnings momentum and economic leverage.

World Street Fundamentals has highlighted ConocoPhillips for its strong earnings report, beating analysts' expectations with fourth-quarter profit increases of 54% to $2.04 billion, or $1.39 a share. The company is diversified within six segments including Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals, and Emerging Businesses. To read the report on ConocoPhillips (NYSE:COP), click here: www.WorldStreetFundamentals.com/ViewFullReport.COP.php.

World Street has begun to track Apache closely due to its company-specific exposure to Egypt, with more than 20% of total production and roughly 30% of revenue from the area. Beyond this exposure; Apache maintains exploration and production interests in the Gulf of Mexico, the Gulf Coast, East Texas, the Permian Basin, the Anadarko Basin and the Western Sedimentary Basin of Canada. To read the report on Apache Corporation (NYSE:APA), click here: www.WorldStreetFundamentals.com/ViewFullReport.APA.php.

About World Street
World Street Fundamentals is an online portal for professionals, investors and new-comers to the markets to find in depth comprehensive research and research tools to help guide you through the ever changing financial markets around the world. Covering the top performers in the hottest sectors and providing clarity to investors around the world.

SOURCE World Street Fundamentals

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