What was the total value and timing of ConocoPhillips' recently completed asset sale, and how did it impact the company's $5 billion divestiture target?

ConocoPhillips completed the sale of $1.7 billion of noncore Lower 48 assets in July, enabling the company to reach its $5 billion asset disposition target ahead of schedule.

Who is succeeding Ryan Lance as CEO of ConocoPhillips, and when does the leadership transition take effect?

CFO Andy O'Brien will succeed longtime CEO Ryan Lance as CEO, effective September 1.

ConocoPhillips Completes $1.7 Billion Asset Sale, Hits Divestiture Target Early

Aug 6, 2026

ConocoPhillips has completed $1.7 billion in asset sales, surpassing its $5 billion divestiture target ahead of schedule. Alongside better-than-expected Q2 profits, the company announced CEO Ryan Lance's retirement effective September 1.

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ConocoPhillips Completes $1.7 Billion Asset Sale, Hits Divestiture Target Early