ConocoPhillips Raises Shareholder Payout By $5B On Profit Surge ...Middle East

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ConocoPhillips Raises Shareholder Payout By $5B On Profit Surge
source : OILPRICE ( Middle East ) () 14
ConocoPhillips (NYSE: COP) lifted its 2022 shareholder returns by $5 billion after reporting on Thursday tripled earnings from a year earlier, beating analyst expectations. Thanks to higher oil and gas prices, the U.S. producer joins other majors in boosting the return of capital to shareholders after raising its planned 2022 return of capital by $5 billion to $15 billion. The increased return to shareholders comes after ConocoPhillips reported today adjusted earnings of $5.1 billion, or $3.91 per share, for the second quarter, compared with second-quarter…

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