Despite Lower Crude Prices, These Top Oil Stocks See Massive Free Cash Flow Gushers Ahead
Crude oil prices have declined this year. Brent, the global benchmark, has fallen by more than 15%, dropping from the low $80s to the mid-$60s. This decline hurt the cash flows of most oil producers.
However, some oil companies have growth catalysts ahead that should more than offset lower oil prices. Leading the way are (NYSE: CVX) and (NYSE: COP), which expect to generate billions in incremental annual free cash flow over the next few years. This extra cash provides them with more money to return to investors, potentially enhancing their total returns.
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Source Fool.com
ConocoPhillips Stock
€76.30
1.680%
The stock is an absolute favorite of our community with 57 Buy predictions and no Sell predictions.
With a target price of 102 € there is a positive potential of 33.68% for ConocoPhillips compared to the current price of 76.3 €.
