ConocoPhillips (NYSE: COP) on July 12 announced a 50% increase in its planned 2018 share repurchase program, from $2 billion to $3 billion. The company expects to fully fund this year’s $3 billion program, as well as its dividend and capex, with cash from operations. The 2018 expansion to $3 billion, combined with the $3 billion of shares repurchased during 2016 and 2017, will fully utilize the board of directors’ existing share repurchase authorization of $6 billion. As a result, the ConocoPhillips board has authorized an additional $9 billion for share repurchases, bringing the total program authorization to $15 billion.

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