Goldman Sees ConocoPhillips Free Cash Flow Shift As Key Test

NodeGuardian · 2026-03-10T01:19:37+00:00

Goldman Sachs includes ConocoPhillips on its US Conviction List, expecting increased free cash flow as the company shifts from spending to investment harvesting, targeting $1 billion annual growth by 2028 amid cost reductions.

NodeGuardian

2026-03-10 01:19:37

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Goldman Sachs has added ConocoPhillips (NYSE:COP) to its US Conviction List, anticipating a positive free cash flow inflection as the company moves from heavy project spending to “investment harvesting.” ConocoPhillips aims for $1 billion in annual free cash flow growth through 2028, supported by cost-cutting. This shift is crucial for investors keen on how the company’s capital allocation will impact dividends, buybacks, or debt reduction.

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