How Will ConocoPhillips' Revenue Move If Crude Oil Prices Rebound To $100 Per Barrel By 2018?

The revenues and profitability of an oil and gas company are highly dependent on commodity markets. Hence, the sharp fall in commodity prices over the last 20 months has resulted in a notable decline in the price realizations for the various commodities. As a result, E&P companies had to pull back their exploration and drilling plans during 2015, leading to a notable decline in their top line as well as profitability.