An international, integrated energy company organized into six operating segments: Exploration and Production, Midstream, Refining and Marketing, LUKOIL Investment, Chemicals and Emerging Businesses.
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High quality, major oil and gas company. Buffett has invested over $6 billion in COP recently and the stock is currently selling for a margin of safety below his cost basis. I also like the fact they are very diversified across the globe and have been buying back shares at very low PE multiples and pay a nice dividend.