USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

130

ConocoPhillips Buys Back Its Shares

in a repurchase program

ConocoPhillips Buys Back Its Shares

US oil and gas firm ConocoPhillips will buy back approximately $1 billion of its shares in a repurchase program to offset share dilution from stock-based compensation programs.

The company said the buybacks will be made at management's direction.

ConocoPhillips also announced a quarterly dividend of 50 cents a share, payable March 1 to shareholders of record as of Feb. 15.

Conoco?s shares were up 37 cents, to close at $96.22

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