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Upstream Oil Major On the Upswing

publication date: Oct 31, 2018
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Image Source: Author’s Calculations and SEC Filings

ConocoPhillips appears poised to grow its dividend thanks to a materially healthier balance sheet and an improving free cash flow profile. Volatile energy resource pricing will always be a long-term risk to the payout, but the near term looks bright for the upstream oil major.


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