(Bloomberg) -- ConocoPhillips, the third-largest U.S.
oil company, plans to buy back as much as $15 billion in shares,
returning cash to shareholders as the company pays off debt and
cuts spending.
The company will spend $2 billion to $3 billion repurchasing
stock in the third quarter, and a similar amount in the fourth,
Houston-based ConocoPhillips said today in statement. The amount
includes $2 billion remaining under a $4 billion program
announced in February. The buyback plan is approved through the
end of 2008.
Read more at Bloomberg Energy News
oil company, plans to buy back as much as $15 billion in shares,
returning cash to shareholders as the company pays off debt and
cuts spending.
The company will spend $2 billion to $3 billion repurchasing
stock in the third quarter, and a similar amount in the fourth,
Houston-based ConocoPhillips said today in statement. The amount
includes $2 billion remaining under a $4 billion program
announced in February. The buyback plan is approved through the
end of 2008.
Read more at Bloomberg Energy News
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