(CercleFinance.com) – During an analyst and investor meeting, ConocoPhillips indicates that it expects more than 115 billion dollars of free cash flow available for distribution over the next ten years, representing more than 90% of its capitalization current stock market.
The oil and gas company is also targeting average annual growth of its cash from operations and its FCF of around 6% and 11% respectively, as well as an improvement in return on capital employed (ROCE) of more than one point. percentage per year.
Its 2033 plan projects a resource base of approximately 20 billion barrels of oil equivalent at less than $40 a barrel of WTI oil, representing a resource life of more than 30 years at current production.
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