| Production Mix: What Does It Tell Investors? | |
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Crude below $40 Will Likely Weigh on Upstream Companies (Continued from Prior Part) Production mix
ConocoPhillips (COP) has a production mix of 43% and 46% in natural gas and crude oil, respectively. In contrast, EQT (EQT) and Cabot Oil and Gas (COG) have production mixes of 90% and 95%, respectively, in natural gas. Companies with high exposure to natural gas and crude oil will likely be impacted the most by changes in these commodities’ prices.
ExxonMobil’s (XOM) production mix was 46% in both natural gas and crude oil. ExxonMobil has the highest individual weight in the Energy Select Sector SPDR Fund (XLE).
Price-to-BOE reserves ratio
Below is a breakdown of three other companies’ price-to-BOE (barrels of oil equivalent) reserves ratios, respectively.
- ConocoPhillips (COP) has a price-to-BOE reserves ratio of 7x.
- EOG Resources (EOG) has a price-to-BOE reserves ratio of 18x.
- Apache (APA) has a price-to-BOE reserves ratio of 7.6x.
However, it’s important to note that a lower ratio usually indicates that a company is undervalued compared to its peers.
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Exxon Mobil est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Exxon Mobil est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 499,8 milliards US$ (467,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 14 mars 1997 à 100,12 US$, et son plus haut niveau récent le 26 avril 2024 à 117,96 US$. Exxon Mobil possède 4 237 270 016 actions en circulation. |