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ConocoPhillips (NYSE:COP)
3-Year Average Buyback Ratio
-0.40 (As of Jun. 2016)

This is the average share buyback rate of the company over the past 3 years. A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

COP' s 3-Year Average Buyback Ratio Range Over the Past 10 Years
Min: -38.8   Max: 7.2
Current: -0.4

-38.8
7.2

During the past 13 years, ConocoPhillips's highest 3-Year Average Share Buyback Ratio was 7.20. The lowest was -38.80. And the median was -0.40.

COP's 3-Year Average Buyback Ratio is ranked higher than
81% of the 360 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -8.30 vs. COP: -0.40 )

Definition

This is the average share buyback rate of the company over the past 3 years.


Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.


Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.


Related Terms

Net Income

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