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Thursday, March 28, 2024

ConocoPhillips Reports on Strategic Progress; Announces $10B Share Buyback

Courtesy of Benzinga.

ConocoPhillips (NYSE: COP) today reported on the progress of its three-year strategic plan to improve returns and create value for its shareholders. The company also announced a 2012 capital program of $15.5 billion and a program to repurchase up to an additional $10 billion of the company’s common stock. The company additionally provided an update on its $15-20 billion asset divestiture program for 2010-2012.

For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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