Lance said ConocoPhillips has a 10-year plan and is "sticking to it." The plan, announced in April, is an anomaly among large oil companies, but in the news of the day it seemed to be working; ConocoPhillips' stock jumped nearly 4.6% to $122.02 after it announced it would raise its quarterly ordinary dividend by 14%. The plan, contingent on $60/bbl WTI mid-cycle price, seeks to generate more than $115 billion in free cash flow, according to an April 12 ConocoPhillips press release.