This Oil Stock Expects to Produce a Gusher of Cash Over the Coming Decade
Oil giant ConocoPhillips (NYSE: COP) recently unveiled its 10-year plan. The key takeaway is that the company expects to produce a massive amount of cash over the coming decade, even if oil prices decline, while returning a significant portion of that money to shareholders. That could give it the fuel to produce compelling total returns for investors, even as the global economy transitions away from fossil fuels.
Here's a closer look at the oil company's long-term strategy.
Image source: Getty Images.
Source Fool.com
