This question requires you to use Capital IQ. Select the company, ConocoPhillips (COP), after you log-in. On the left-hand tool bar, under "Financials/Valuation", select "Industry Specific".

Go to "Oil Reserves (in MMbbls)", and look at their "Opening Reserve, Oil" data item (which is the beginning of year oil reserves). Answer these questions:

What are their opening oil reserves at Dec. 31, 2018 and what has been the trend in these oil reserves from Dec. 31, 2013 through Dec. 31, 2018? The reserve answers are in millions bbls.

Group of answer choices

3383; overall declining trend

2129; overall declining trend

2655; overall declining trend

None of the answers are correct

2655; overall fairly flat

2655; overall increasing trend