Why Retirees Should Keep an Eye on This Oil Stock This Week
ConocoPhillips (NYSE: COP) has done a masterful job repositioning its operations in recent years so that it can thrive at lower oil prices. The oil giant has reduced costs and built up a massive cash position, which gives it almost unparalleled financial flexibility. Add in a nearly 3%-yielding dividend, and this energy company has become an ideal option for retirement-focused investors.
They'll get another glimpse into the company's ability to prosper over the long-term this week when it reports its third-quarter results. Here are three things retirement-focused investors should watch in that report.
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Source Fool.com