After Strategic Update, ConocoPhillips Maintains Capital Discipline and 30% Payout Target

Differentiating itself from peers big and small, ConocoPhillips has laid out a 10-year plan for restrained investment, steady growth, improving returns, and importantly, returning cash to shareholders. Its strategy makes ConocoPhillips a compelling option in the energy sector, given its commitment to capital restraint and clear policy on return of cash to shareholders. Its low cost portfolio gives it high return investment options to grow in a rising price environment while its strong financial position keeps the dividend safe in a downcycle.