COP : Current Position in Terms of Cash is Quite Strong

ConocoPhillips has been performing quite well from last few years. The company increased its earnings from $8.4 billion in fiscal year 2012 to $9.2 billion in fiscal year 2013. Due to higher earnings, the company’s operating cash flow improved for the fiscal year 2013 and COP stocks price surged after the company announced its earnings. Through the operating cash flows that ConocoPhillips generated in fiscal year 2013, is now supporting its capital investments. 

The operating cash flows of the company also helped it to pay dividends to its shareholders. According to analysts, ConocoPhillips current position in terms of cash is quite strong and the dividends that company is paying is also completely safe. As the analysts estimate, the company’s capital expenditure in liquids will increase and reach $16 billion by the end of year 2014. The COP Stocks is currently changing hands at $74 and is expected to increase as the company provides solid earnings for the current quarter.