Reported 3 days ago
Top oil companies like ConocoPhillips and Devon Energy are significantly increasing cash returns to shareholders, driven by strong cash flow from operations and strategic acquisitions. ConocoPhillips plans to return $9 billion this year and raise dividends by 34%, while Devon is focusing on stock buybacks and aims to return up to 70% of its free cash flow to investors. Both companies are well-positioned to continue delivering strong total returns in the years ahead.
Source: YAHOO