ConocoPhillips: targets set through to 2033

(CercleFinance.com) - At a meeting for analysts and investors, ConocoPhillips said it expects to have over $115bn of free cash flow available for distribution over the next ten years, representing more than 90% of its current market capitalization.


The oil and gas company is also targeting average annual growth in cash from operations and FCF of about 6% and 11%, respectively, with its ROCE improving by more than one point per year.

Its 2033 plan calls for a resource base of approximately 20 billion barrels of oil equivalent at under $40 per barrel of WTI oil, which represents a resource life of over 30 years at current production levels.


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