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ConocoPhillips Continued to Cash In During Q2

TheMotleyFool

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ConocoPhillips Continued to Cash In During Q2Photo, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png

ConocoPhillips (NYSE: COP) continues to benefit from its strategic focus on growing cash flow instead of aiming to increase production. The oil company's differentiated business model enabled it to produce another gusher of cash during the second quarter even though oil prices remained volatile. That gave it even more money to buy back its stock.

Metric

Q2 2019

Quelle Fool.com

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