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DewDiligence

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DewDiligence

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Re: None

Sunday, 06/21/2009 8:50:40 PM

Sunday, June 21, 2009 8:50:40 PM

Post# of 30493
Upstream-profitability factoids from recent COP webcast:

In 1Q09, COP’s average cash contribution* per upstream BOE produced was $15.55, which was slightly above the $14.14 average for the super-majors (XOM, RDS-A, CVX, TOT, BP, COP).

COP’s $15.55 number for 1Q09 was the lowest upstream yield for the company during any quarter since 2003. The figure for 2008 was $30.78.

*Excludes non-cash expenses such as depreciation and depletion.


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