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ConocoPhillips slips after Q4 miss; shareholder return program a bit light

Feb. 02, 2023 8:38 AM ETConocoPhillips (COP)By: Carl Surran, SA News Editor3 Comments

Dawn over petroleum pump

Grafissimo/E+ via Getty Images

ConocoPhillips (NYSE:COP) -0.3% pre-market Thursday after reporting Q4 adjusted earnings that missed expectations.

The company said it planned to return $11B to shareholders, including a quarterly ordinary dividend of $0.51/share and a variable return of cash of $0.60/share, which may have fallen

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Comments (3)

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Not good at controlling capex.
Rex Rode profile picture
Great management! As good as it's been the last 2 years I believe the best is yet to come for COP. Nothing terrible with an annualized 4-5% dividend with this kind of growth. Have owned it since $25 when it bottomed out during Covid and the game of chicken between the Saudis and Russia. This has made putting gas in my cars painless.
Mmarrkk profile picture
It will be an interesting day. Good to see Willow moving forward.
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