This Oil Stock Plans to Give Investors $7 Billion in 2022
ConocoPhillips (NYSE: COP) recently unveiled its preliminary plans for 2022. The highlight is a three-tiered program that could see the oil stock return around $7 billion in cash to investors over the coming year. Here's a closer look at what the company sees ahead for 2022.
ConocoPhillips plans to invest $7.2 billion into its oil and gas business in 2022. That's a significant increase from 2021's level of around $5.3 billion. Three major factors are driving the higher spending level:
Image source: Getty Images.
Source Fool.com
