Is ConocoPhillips a Buy After Its Latest Earnings Report?

The Motley Fool · Matt DiLallo ·

The oil giant delivered strong earnings and raised its dividend, but its biggest cash-flow growth could still be ahead.

ConocoPhillips (COP +0.50%) continues to reward its shareholders. The oil and gas giant recently delivered strong third-quarter results, repurchased billions of dollars in stock, and increased its dividend by 11%. Those cash returns could grow considerably in the years ahead as the company completes several major development projects.

But does that make the oil stock a buy right now? Here's a look at the quarter and its return potential over the next five years.

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