I own some COP . . . They insisted upon re-investing
my dividends so I don't own a lot of the stuff.
For years now COP's dividends have paid out every
March, June, September, and December. Clockwork.
And now I have a sheet telling me they paid out in
January this year . . . And about 60% or so of the
expected dividend.
>>>
ConocoPhillips Offers Investors $1 Billion in Variable Cash Payouts
http://www.bloomberg.com/news/articles/2021-12-06/conocophillips-to-raise-spending-in-2022-after-permian-deals
ConocoPhillips unveiled a $1 billion variable dividend as the second-largest driller in the Permian basin aims to boost investor returns in the new year.
The new quarterly dividend will be set based on forward oil prices, cash flow and other factors and could result in eight cash payouts every year beginning in January 2022, according to a statement Monday. It’s the latest effort by the company to raise shareholder return after posting the highest quarterly profit in a decade. ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021.
The company also said it will spend about $7.2 billion with shale operations counting for about 60% of that total. That’s up from about $5.3 billion this year. The spending boost comes just months after a pair of major acquisitions that made it the second-biggest oil driller in the country’s largest oil basin.
>>>
(Article does continue. Zim.)
(It do look like a sweet increase.)
Mad Poet Strikes Again.
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