27 articles
ConocoPhillips appoints Andy O'Brien as new CEO, tasked with overseeing the critical Alaska Willow oil project to achieve a $7 billion free cash flow target by 2029 despite inflationary pressures.
ConocoPhillips anticipates Qatar LNG project delays will be limited to months without impacting free cash flow, though regional tensions may tighten global supplies.
ConocoPhillips has appointed finance chief Andy O'Brien as its new CEO, succeeding Ryan Lance effective September 1, following Lance's decade-long tenure leading the U.S. oil producer.
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 Lanc
ConocoPhillips announced CEO Ryan Lance will retire and be succeeded by CFO Andy O'Brien on September 1, with Lance becoming executive chair. Following the announcement, shares rose 1% in pre-market t
ConocoPhillips CEO Ryan Lance will retire after 14 years, succeeded by CFO Andy O'Brien on September 1. The major oil producer also posted Q2 adjusted profits of $3.24 per share, beating analyst estim
Iraq will sign an agreement with Syria to build oil pipelines linking production sites to Mediterranean export markets. The cabinet also authorized discussions with a consortium including ConocoPhilli
BP and ConocoPhillips signed an agreement for Conoco to acquire 42% of BP's Kirkuk subsidiary, investing $25 billion to optimize four major Iraqi oil fields. This deal marks ConocoPhillips' return to
Major Western energy firms including Chevron, BP, and ConocoPhillips signed over $60 billion in agreements with Iraq to develop oilfields and pipelines, aiming to bypass the Strait of Hormuz.
ConocoPhillips agreed to acquire a 42% stake in BP's Kirkuk oilfield unit, facilitating redevelopment of four fields with over 3 billion barrels of recoverable resources.
BP and ConocoPhillips announced a partnership to redevelop Iraq's Kirkuk oil fields, targeting over 3 billion barrels of oil equivalent. This deal marks ConocoPhillips' return to Iraq after a decade-l
BP and ConocoPhillips plan to announce billions in new investments in Iraq's energy sector at the U.S.-Iraq Business Summit. The initiative aims to bolster regional energy security and reduce reliance
ConocoPhillips signed an agreement with Syria National Gas Company to develop oil and gas fields, aiming to boost daily production by 4.5-5 million cubic meters. Major international energy firms are e
Syria's state oil firm partnered with ConocoPhillips and Novaterra to restore natural gas production following civil war damage. The deal targets increasing daily output by 4-5 million cubic meters wi
ConocoPhillips plans to sign a deal with Syria's new government to revive gas production alongside Novaterra Energy. The project aims to develop existing fields and explore new reserves to attract for
Wildfires near Alberta's oil sands have been brought under control following heavy rainfall, with major operators like ConocoPhillips reporting no direct operational impacts despite proximity to signi
Chevron shareholders rejected a proposal requiring an independent board chair separate from the CEO role, aligning with management's recommendation. This follows a similar outcome at ConocoPhillips ea
Exxon Mobil and ConocoPhillips are negotiating with Venezuela's government to re-enter the country's oil sector, seeking contract safeguards and debt resolution amidst geopolitical shifts and high cru
ConocoPhillips CEO Ryan Lance criticized Venezuela's revised oil laws as uncompetitive due to excessive government levies hindering foreign investment. US officials are urging Venezuela to adjust poli
ConocoPhillips forecasts months rather than years of delays for its Qatar LNG joint ventures despite regional security risks. The firm plans to expand Qatar's production capacity significantly while a
Alaska LNG secured a 30-year natural gas supply deal with ConocoPhillips, enabling a final investment decision for its Phase One pipeline project to meet state needs. Agreements are now in place with
The Trump administration plans to streamline oil permitting in Alaska's National Petroleum Reserve, potentially approving projects in 30 days. This initiative aims to boost US crude production and low
TotalEnergies, QatarEnergy, and ConocoPhillips signed an MoU with Syria's Petroleum Company to review offshore Block 3, signaling renewed foreign investment interest in the region's energy sector.
ConocoPhillips lowered its 2026 production guidance and excluded Qatar LNG volumes following Middle East conflict disruptions. The company increased its capital budget by $250 million, causing shares
ISS recommended ConocoPhillips shareholders vote for an independent board chair to improve oversight, citing underperformance, though the board advised against the proposal.
ConocoPhillips has dispatched a team to Venezuela to evaluate oil and gas opportunities following asset seizures two decades ago. The company seeks to recover approximately $12 billion owed while asse
ConocoPhillips is exploring the sale of roughly $2 billion in Permian Basin assets acquired from Concho Resources and Shell. This divestiture supports portfolio optimization following its $17 billion
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