ConocoPhillips: increases share buyback program
(CercleFinance.com) - ConocoPhillips has announced a 50% increase in its share repurchase program for 2018 from 2 billion dollars to 3 billion dollars, a program that the oil group will finance with cash generated from operations.
Through this extension, which adds to the 3 billion dollar share buybacks completed in 2016 and 2017, the company will have fully used the existing 6 billion dollars authorization set by its Board of Directors.
As a result, the board has authorised 9 billion dollars of additional share buybacks, bringing the total authorised to 15 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Through this extension, which adds to the 3 billion dollar share buybacks completed in 2016 and 2017, the company will have fully used the existing 6 billion dollars authorization set by its Board of Directors.
As a result, the board has authorised 9 billion dollars of additional share buybacks, bringing the total authorised to 15 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.