MARKETS

Conoco plans $50B bonanza in next decade

CONOCOPHILLIPS’ investor day, held overnight in Houston, finds it planning to sell down its Alaskan acreage by 25% while also sending US$50 billion back to shareholders over the next decade as it plans for a 3% compound annual production growth rate. 

Conoco capex planned at $7B per year or less 

Conoco capex planned at $7B per year or less 

That bonanza breaks down to $30 billion in share buy backs and $20 billion in dividends through the coming decade and $1.5 billion in dividends and $3.5 billion in buy backs this year and $2 billion in...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.