ConocoPhillips: Improving Natural Gas Outlook Should Encourage Investors

Jul. 09, 2024 3:56 AM ETConocoPhillips (COP) StockCOP
Skeptical12
2.79K Followers

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.

Oil field site, in the evening, oil pumps are running, The oil pump and the beautiful sunset reflected in the water

zhengzaishuru

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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