Trending: ConocoPhillips Maps Out 10-Year Plan Resulting in $115 Billion in Free Cash Flow
12 Abril 2023 - 11:30AM
Dow Jones News
10:00 ET -- ConocoPhillips is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Earlier Wednesday, the oil company
unveiled a 10-year plan--based on a $60-per-barrel mid-cycle
price--targeting $115 billion of free cash flow for shareholders.
It added that it expects to generate a 6% compounded annual growth
rate in cash from operations, and for capital expenditures to
average about $10 billion a year. Dow Jones & Co. owns Factiva.
(susan.solan@wsj.com)
(END) Dow Jones Newswires
April 12, 2023 10:15 ET (14:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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