Kevin B.

ConocoPhillips: More Than Just a Great Stock

Well i dont think debt is of great concern for these oil giants. They generate enough revenues/profits in any given quarter to cover the entire debt on the balance sheet. Debt could be due to growth and expansion of the company - XOM and CVX are at least twice the size in market cap. So the growth of COP would be in direct correlation with higher debt. Debt is not always a bad thing. Its only bad if you cant pay it off - in which COP will have no problems.