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This Oil Stock Continues to Prove It's a Cash Flow-Gushing Machine

TheMotleyFool

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This Oil Stock Continues to Prove It's a Cash Flow-Gushing Machine

ConocoPhillips (NYSE: COP) launched a strategy to differentiate itself from its oil-producing peers in late 2016. Instead of focusing on growing production, the U.S. oil giant aimed to increase its cash flow. That would enable it to make money for investors in almost any oil price environment.

The company's strategy is paying dividends, which was one of the main themes on its second-quarter conference call. CFO Don Wallette discussed the company's cash flow-generating ability and how it allocates those funds to create value for shareholders.

Image source: Getty Images.

Source Fool.com

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