ConocoPhillips Takes Over Full Operatorship of Kebabangan Gas Field

Group 1: ConocoPhillips and Kebabangan Gas Field - ConocoPhillips has taken full operatorship of the Kebabangan gas field in East Malaysia, previously operated jointly with Petronas and Shell [1] - The Kebabangan gas field has an export capacity of up to 750 million standard cubic feet per day and is estimated to hold nearly 2.2 trillion cubic feet of gas [2] - New commercial agreements have been secured to ensure the gas field's developments remain economically viable until 2050, supporting regional energy requirements in Sabah [2] Group 2: Industry Comparisons and Rankings - ConocoPhillips currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [3] - Other energy sector stocks with better rankings include Sunoco LP and Equinor ASA, both with Zacks Rank 1 (Strong Buy), and Cheniere Energy, which has a Zacks Rank 2 (Buy) [3] Group 3: Competitor Insights - Sunoco LP is a major distributor of motor fuel in the U.S., providing consistent returns to unitholders with a distribution yield greater than the industry average [4] - Equinor ASA is a leading integrated energy company and the second-largest natural gas supplier in Europe, focusing on renewable energy for long-term growth [5] - Cheniere Energy is expanding its LNG production capacity with the Corpus Christi Stage 3 Liquefaction Project, enhancing its position in the global LNG market [6]