ConocoPhillips have done the following amount in asset sales since 2016:
- 2016 Sold $1.3 Billion of Assets
- 2017 Sold $13.9 Billion of Assets
- 2018 Sold $1 Billion of Assets
- 2019 YTD Sold $2.9 Billon of Assets (not including Australia West, Magnolia and Niobrara)
Is the $10 Billion Lower48 Capital Investments from 2016 thru 2019 not providing the cash flow needed to pay for those sharebuy backs and dividends, where is all that production cash flow going from the Big Three?
If ConocoPhillips is still having to sell assets to pay for sharebuy backs and dividends, what is it going to sell during the next Downturn in Energy Prices to pay for Operations and Staff Cost?