This year will be an "inflection point" for ConocoPhillips (COP +1.2%), CEO Ryan Lance tells...

|About: ConocoPhillips (COP)|By:, SA News Editor

This year will be an "inflection point" for ConocoPhillips (COP +1.2%), CEO Ryan Lance tells shareholders at the annual meeting, and COP's long-awaited production growth rebound will begin by Q4 of this year and into next year as $8.5B in asset sales puts cash on the balance sheet to fund development and grow its dividend. There's a "clear line of sight" to production of 1.9M boe/day by 2017, Lance says.