Jefferies Anticipates COP Analyst Strategy Update

ConocoPhillips (NYSE: COP) holds its annual analyst strategy update on Wednesday March 23, 2011, Jefferies reports.

“We expect a continuation of the path followed in recent years, with a further shift to higher return investment in E&P, disinvestment in the low return downstream, more disciplined debt and gearing levels and increased shareholder distributions,” Jefferies writes.

ConocoPhillips closed Thursday at $76.72.