Given the country's ongoing quest to extract more and more oil, I strongly urge you to claim your copy of our brand-new investigative report on this company helping fuel its boom. A return to a higher price of oil is obviously a big catalyst for ConocoPhillips ' stock price this year. 1: Capturing plunging oil-field service costs When ConocoPhillips cut another $2 billion out of its 2015 capital budget, it noted that $500 million of that reduction is the result of anticipated cost deflation as oil-field service costs are expected to come down.