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ConocoPhillips Message Board

  • invest_2_bsecure invest_2_bsecure May 13, 2012 9:28 PM Flag

    COP Buying Back Almost 18% of Outstanding Stock/Shares

    The current market cap for COP, after the spinoff, is $65.67 billion. COP is buying back $12 billion worth of it's shares ($12b/$54 = 222 million shares). That's a huge buyback that's going to decrease the outstanding shares by almost 18% ($12b/$65.67b).

    A huge buyback!!!!!!!!!!!

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