Details source: Devon Power. Chart via the creator. The dividend's decline must conclude since oil prices have rallied and will very likely start heading increased.
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With oil prices mounting, ConocoPhillips could return more money to shareholders next yr. It really is in an a lot better position to cash in on higher oil prices following recently exercising its right to buy out its partner's 50% interest of their Surmont three way partnership in copyright for $3 billion.