Why ConocoPhillips is a Dividend Investor’s Dream
President Trump's optimism that Russia, Saudi Arabia, and the United States will come together to cut oil production has bolstered confidence in oil and gas companies. Just a few weeks ago, it seemed that Russia and Saudi Arabia would both raise production and potentially create a global price war. The threat of a price war paired with the demand shock from COVID-19 (the coronavirus) was certainly cause for alarm.
Although there hasn't been an official oil deal, and in many cities, the severity of the coronavirus is expected to have only just begun, it may be a good time to cautiously consider one stock that's looking more and more like an unlikely candidate for a dream dividend stock: ConocoPhillips (NYSE: COP).
Image Source: Getty Images.
Source Fool.com
