Reported 2 months ago
ConocoPhillips has successfully repositioned its portfolio to focus on its most profitable operations, leading to significant cash flow generation. In the second quarter of 2024, the company reported an increase in production and earnings, allowing it to return $4.2 billion to shareholders through dividends and share repurchases. With a plan to boost its dividend by 34% and an upcoming acquisition of Marathon Oil, ConocoPhillips expects to continue delivering strong cash returns and grow its shareholder value in the coming years.
Source: YAHOO