COP greatest thing hyped 150% in last month, married read this report
Conoco Phillips was instrumental in spinning-off it's refining arm because that was the most profitable entity in a continuous program to diversify, according to the CEO, "our divestiture is on track". The asset sales in the remote dangerous parts of the globe prove the company is leaner and meaner and their dividend speaks for itself. At a 4.5% yield, it is dependent of these asset sales, making it a gem and far above other E&Ps that earn their dividends with oil exploration and production. That isn't worrying the CEO because he is sure India or Somalia will outbid everyone else for assets in this time of easy money. He explains "We will continue to offer a compelling dividend". That's very reassuring to investors that have long become married to Conoco Phillips instead of having sex with their wife.