This Oil Giant Is Putting Investors First
U.S. oil giant ConocoPhillips (NYSE: COP) wants to set itself apart from rivals in the eyes of investors, with a top goal of delivering "superior returns to shareholders." That aim led the company to lay out five priorities for its cash flow:
One thing that's clear from the plan is that ConocoPhillips' top priority is to return money to investors. That's also evident in the company's recently unveiled three-year operating strategy, which should see it return $7.5 billion in cash to investors in share repurchases alone by the end of 2020, with more money headed their way via a growing dividend. That combination of cash returns and prudent growth positions the oil giant to deliver a compelling total annual return, even if crude stays low.
Image source: Getty Images.
Source: Fool.com
ConocoPhillips Stock
With 26 Buy predictions and not a single Sell prediction ConocoPhillips is an absolute favorite of our community.
As a result the target price of 133 € shows a slightly positive potential of 19.88% compared to the current price of 110.94 € for ConocoPhillips.
