ConocoPhillips revealed its 10-year plan on Tuesday, which exhibits a commitment to capital discipline while providing higher returns to shareholders. ConocoPhillips revealed its 10-year plan on Tuesday, which includes free cash flow of $50 billion and an average yearly CAPEX of less than $7 billion. The Houston-based oil and gas producer presented the highlights of its plan for the coming decade during an analyst and investor meeting. The company’s plan aims to exhibit a commitment to capital discipline while providing higher returns to shareholders. ConocoPhillips also anticipates annual production growth of three percent and plans to sell 25 percent of its Alaska assets. “Over the past few years we have successfully transformed ConocoPhillips to position the company for consistent, predictable performance across the inevitable price cycles of our industry,” said CEO Ryan Lance. “We believe that we offer the market a compelling, long-term E&P investment that provides downside protection […]