By Micah Maidenberg

ConocoPhillips said Tuesday it plans to spend $3.5 billion on purchasing back its stock.

Previously, the company had targeted $3 billion in share buybacks for the year.

Shares were down about 1% in premarket trading.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

July 30, 2019 07:31 ET (11:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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