Investing

Conoco (COP) Tops JNJ, Sets $15 Billion Share Buy-Back

Not many hours after Johnson & Johnson (JNJ) announced its $10 billion share buy-back, ConocoPhillips (COP) decided it would not be bested. It announced a $15 billion share repurchase program of its own.

The COP shares are up over 2.5% to $83.13, a new 52-week high, on the news.

Douglas A. McIntyre

 

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