Valued at a market cap of $20.4 billion, Coterra Energy Inc. (CTRA) is an independent oil and gas company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids. Based in Houston, Texas, the company focuses its operations on the Permian Basin, Marcellus Shale, and Anadarko Basin.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Coterra Energy fits this description perfectly. The company also operates natural gas and saltwater gathering and disposal systems in Texas. It sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, energy companies, pipeline companies, and power generation facilities.
