ConocoPhillips: A Top Dividend Growth Bet For 2024 (Rating Upgrade)
COPConocoPhillips(COP) Seeking Alpha·2023-12-22 06:29

MattGush/iStock Editorial via Getty Images ConocoPhillips (NYSE:COP) announced a 14% increase in its dividend rate in the third-quarter due to strong free cash flow and high prices for its core energy products. The energy firm is set to continue to benefit from high average prices in its business and investors can reasonably expect a significant return of cash through stock buybacks in FY 2024 as well. With OPEC+ members recently agreeing to extend their voluntary supply reductions into 2024, I believe Cono ...