If You'd Invested $10,000 in ConocoPhillips Stock 5 Years Ago, Here's How Much You'd Have Today
ConocoPhillips (NYSE: COP) is one of the country's largest oil producers. It has grown tremendously over the last five years by making a series of acquisitions. These deals have increased its scale and low-cost resources, enabling it to produce more excess cash to return to shareholders. That strategy has paid off for those who invested in the oil stock five years ago. Here's a look at what a $10,000 investment made in early 2020 would be worth today.2020 was a rough year for everyone. It was especially challenging for the oil patch because economic shutdowns caused demand to dry up. At one point, crude prices in the U.S. crashed into negative territory. Continue reading
ConocoPhillips (NYSE: COP) is one of the country's largest oil producers. It has grown tremendously over the last five years by making a series of acquisitions. These deals have increased its scale and low-cost resources, enabling it to produce more excess cash to return to shareholders.
That strategy has paid off for those who invested in the oil stock five years ago. Here's a look at what a $10,000 investment made in early 2020 would be worth today.
2020 was a rough year for everyone. It was especially challenging for the oil patch because economic shutdowns caused demand to dry up. At one point, crude prices in the U.S. crashed into negative territory.
