Conoco: The Great Trend-Bucker

[Marina Schwarz + 1,576]

I'm adding Conoco to Shell in my brand new list of Smart Oil Companies. Instead of boosting spending to grow production, Conoco is selling non-core (that's important) assets in the Permian and buying new ones in Canada for twice as little money. It is also raising dividends and buying back billions worth of shares for the second year in a row. I'd like to hear about their renewable shift as well.