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ConocoPhillips Details Q4 2019 Results
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ConocoPhillips reported its Q4 2019 results.
It also detailed its 2020 capital plan, which can be accessed here.
Full-Year 2019 Summary Cash provided by operating activities was $11.1 billion. Excluding working capital, cash from operations (CFO) of $11.7 billion exceeded capital expenditures and investments, generating free cash flow of more than $5 billion. Repurchased $3.5 billion of shares and paid $1.5 billion in dividends fully funded from free cash flow, representing a return of 43 percent of CFO to shareholders. Increased the quarterly dividend by 38 percent to 42 cents per share. Achieved 100 percent total reserve replacement and 117 percent organic reserve replacement. Full-year production, excluding Libya, of 1,305 MBOED; underlying production grew 5 percent. Increased…- ✓ Full news archive — U.S., Canada & international coverage
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