ConocoPhillips Reports Good 4Q, Increases Dividends and Share Buybacks
ConocoPhillips ended 2017 with a good fourth quarter, reaping the benefits of strengthened oil prices and a higher-margin production profile. Adjusted earnings of $0.5 billion in the quarter lifted full-year results to $0.7 billion compared with a net loss of $3.3 billion last year, as underlying production increased 3% as anticipated. Cash generation has been robust; operating cash flows exceeded capital expenditures and dividends by $1.2 billion, with $500 million originating from lower capita...
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