These Top Oil Stocks Are Handing Their Investors a Lot of Cash, With Even More Expected to Flow to Shareholders in 2025 and Beyond
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Oil prices have bounced around quite a bit this year. West Texas Intermediate, the primary U.S. oil price benchmark, has traded as high as the mid-$80s and as low as the mid-$60s. While that's a wide range, it's a lucrative band for most producers. Many oil companies are generating a lot more cash than they need. That's enabling them to return a growing gusher of money to their shareholders. Here's a look at some oil stocks sending barrels of cash to their investors. ConocoPhillips (NYSE: COP) is a cash-producing machine. The oil company generated over $4.7 billion in cash flow from operations in the third quarter alone, easily covering the $2.9 billion in capital needed to maintain and grow its business. That enabled the company to return $2.1 billion in cash to its shareholders through repurchases and dividends during the period. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool