ConocoPhillips Up 1%, Near 52-Week High on Shareholder Meeting Recap

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ConocoPhillips ( COP ) is up 1.3% at $62.82 and near the stock's 52-week high after the company detailed its Annual Shareholder Meeting held today. The company highlighted several company achievements from the previous year and outlined five ongoing strategic priorities implemented to drive its long-term performance.

COP also said that over the next five years it plans to execute a disciplined capital program of approximately $16 billion per year and that it expects to generate 3% to 5% compound annual production growth and margin growth from major development programs and projects already under way in unconventional plays in the U.S. Lower 48, Canadian oil sands, United Kingdom and Norwegian North Sea, Malaysia and Australia.

COP trades in a 52-week range of $50.62 - $62.99.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: COP

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