Commodities
ConocoPhillips May Exit Nigeria, Libya, Vietnam, Algeria And Kazakhstan
<p>ConocoPhillips is an integrated energy company with assets of approximately $75 billion, and employs 56,000 people across 49 countries. They have recently announced plans to sell assets in Nigeria, Libya and three other countries up to the value of $17 billion. It is thought that the funds will be used as part of a plan to boost shareholder returns with share buybacks and higher dividends.</p> <p>Phil Weiss, an oil analyst from Argus, was at a meeting with Conoco’s chief financial officer and head of investor relations, and confirmed that… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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