XOM - COP: About That $6.8 Billion In Cash...
- ConocoPhillips released its Q3 EPS report on Thursday and there were no big surprises given the current O&G price environment.
- For those investors who made it to the end of the conference call, the best question was saved for last.
- It was a question concerned COP's $10 billion of wasted shareholder capital on stock buybacks and the future of the dividend.
- CEO Ryan Lance says he wants to make COP a "compelling" investment to draw investors back to the energy sector. But actions speak louder than words.
- This article will discuss the dividend impact for both Concho and Conoco shareholders going into - and out of - the merger which is expected to close in Q1 2021.
For further details see:
COP: About That $6.8 Billion In Cash...