This Oil Giant Is Putting Investors First

This Oil Giant Is Putting Investors First

U.S. oil giant ConocoPhillips (NYSE: COP) wants to set itself apart from rivals in the eyes of investors, with a top goal of delivering "superior returns to shareholders." That aim led the company to lay out five priorities for its cash flow:

One thing that's clear from the plan is that ConocoPhillips' top priority is to return money to investors. That's also evident in the company's recently unveiled three-year operating strategy, which should see it return $7.5 billion in cash to investors in share repurchases alone by the end of 2020, with more money headed their way via a growing dividend. That combination of cash returns and prudent growth positions the oil giant to deliver a compelling total annual return, even if crude stays low.

Image source: Getty Images.

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Source: Fool.com