Item 5. Market for Registrant’s Common Equity
Item 5.
Market for Registrant's
Common Equity, Related
Stockholder
Matters and Issuer Purchases of Equity Securities
ConocoPhillips’ common stock is traded
on the New York Stock
Exchange, under the symbol “COP.”
Cash Dividends Per Share
Dividends
2021
2020
First
$
0.430
0.420
Second
0.430
0.420
Third
0.430
0.420
Fourth
0.460
0.430
Number of Stockholders of Record
at January 31, 2022*
38,099
*In determining the number of stockholders, we consider clearing agencies and security position
listings as one stockholder for each agency
listing.
In December 2021, we announced the addition of a VROC tier to our return
of capital program.
The declaration of
ordinary and VROC dividends are subject to
the discretion and approval of our Board
of Directors.
The Board has
adopted a dividend declaration policy
providing that the declaration of any
dividends will be determined quarterly.
For more information on factors
considered when determining the level of these
distributions
see “Item 1A—Risk
Factors – Our ability to execute our capital return program is subject to certain considerations.”
Issuer Purchases of Equity Securities
Millions of Dollars
Approximate Dollar
Shares Purchased
Value of Shares
Average
as Part of Publicly
that May Yet
Be
Total
Number of
Price Paid
Announced Plans
Purchased Under the
Period
Shares Purchased
*
Per Share
or Programs
Plans or Programs
October 1-31, 2021
6,100,833
$
73.36
6,100,833
$
11,811
November 1-30, 2021
6,367,204
73.42
6,367,204
11,344
December 1-31, 2021
6,751,987
71.65
6,751,987
10,860
19,220,024
$
19,220,024
* There were no repurchases of common stock from company employees in connection with the company's broad-based employee incentive
plans.
In late 2016, we initiated our current
share repurchase program,
which has a current total program
authorization
of $25 billion of our common stock.
As of December 31, 2021, we had repurchased $14.1 billion
of shares.
Repurchases are made at management’s
discretion, at prevailing
prices, subject to market conditions
and other
factors.
Except as limited by applicable legal
requirements, repurchases
may be increased, decreased or
discontinued at any time without prior notice.
Shares of stock repurchased under
the plan are held as treasury
shares.
For more information
see “Item 1A—Risk Factors – Our ability to execute our capital return program is
subject to certain considerations.”
Table of Contents
33
ConocoPhillips
2021 10-K
Stock Performance Graph
The following graph shows the cumulative
TSR for ConocoPhillips’ common stock
in each of the five years from
December 31, 2016 to December 31, 2021.
The graph also compares the cumulative
total returns for the
same
five-year period with the S&P 500 Index and our
performance peer group consisting
of Chevron, ExxonMobil,
Apache, Marathon Oil Corporation,
Devon, Occidental, Hess, and EOG weighted
according to the respective peer’s
stock market capitalization
at the beginning of each annual period.
The comparison assumes $100 was invested
on December 31, 2016, in ConocoPhillips stock, the S&P 500 Index
and ConocoPhillips’ peer group and assumes that
all dividends were reinvested.
The cumulative total returns
of
the peer group companies' common stock
do not include the cumulative total return
of ConocoPhillips’ common
stock.
The stock price performance included in this graph
is not necessarily indicative of future stock
price
performance.
Management’s Discussion and Analysis
Table of Contents
ConocoPhillips
2021 10-K
34