ConocoPhillips (NYSE: COP ) is a well-run energy enterprise with considerable earnings power and free cash flow upside in the context of the company's recent acquisition of Marathon Oil. The energy company is focused on upstream operations and is seeingAnalyst’s Disclosure: I/we have a beneficial long position in the shares of COP, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (oth ...