From Yahoo Finance: 2025-05-10 04:11:00

ConocoPhillips reported strong first-quarter results, with plans to reduce 2025 spending while maintaining production growth. The company expects peer-leading free cash flow growth through 2029. It produced nearly 2.4 million barrels of oil equivalent per day in Q1, generating $5.5 billion in cash from operations. It aims to deliver sector-leading free cash flow growth by 2029. Despite lower oil prices, ConocoPhillips’ strategy positions it to produce significant incremental free cash flow in the future, with a focus on returning money to shareholders through dividends and share repurchases. The company is on track to deliver dividend growth within the top 25% of S&P 500 companies and target over $20 billion in share repurchases in the coming years. ConocoPhillips’ strategic investments in low-cost oil resources are expected to result in strong total returns by the end of the decade, offering an attractive long-term investment opportunity.



Read more at Yahoo Finance: This Top Oil Stock Is a Cash-Producing Machine