Wall Street's Top Winners 2016The prolonged slump in commodity prices has led to a severe deterioration in the profitability and returns of oil and gas companies across the globe. In our previous analysis, we had discussed ConocoPhillips’ operational strategy for 2017, where we talked about the company’s production and cost reduction plans. Growing DividendOver the last ten quarters, plummeting commodity prices have created a huge dent on ConocoPhillips’ earnings, and, in turn, cash flows. As a result, the company’s dividend yield dropped to almost half. Now, with the increasing optimism in the commodity markets, ConocoPhillips aims to gradually improve the quarterly dividend payments and reach its historic levels over the next few quarters.

Source: Forbes January 17, 2017 15:13 UTC