COP - ConocoPhillips: Improving Natural Gas Outlook Should Encourage Investors

2024-07-09 03:56:23 ET

Summary

• ConocoPhillips plans to spend $10 billion annually on capital expenditures and reduce debt by $5 billion by 2026.
• The company aims to generate $115 billion in free cash flow and increase oil and gas production by 5% over the next decade.
• ConocoPhillips' strategy is based on an average oil price of $60 per barrel, focusing on core operations for growth and shareholder returns.

Finding companies that can offer investors both solid capital gains and dividends is hard. While some high-growth businesses focus on maximizing shareholders' returns with buybacks and dividend increases, most faster-growing corporations invest more in core these companies' core operations....

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