Key Takeaways EIA projects WTI crude to average $64.16 per barrel this year, down from$76.60 last year.ConocoPhillips' low-cost shale operations may remain profitable despite weaker prices.COP shares fell 12.8% in a year, while its EV/EBITDA of 5.20X lags the industry's 10.87X.ConocoPhillips (COP) is an exploration and production giant. Hence, by the very nature of its business model, COP is highly vulnerable to fluctuations in oil and gas prices. With the U.S. Energy Information Administration (“EIA”) exp ...