COP · News · 20260810N
Free Cash Flow Outlook
CONOCOPHILLIPS · 2026-08-10 · Importance 68 · Surprise 42 · In source text
ConocoPhillips is targeting an additional US$7 billion of free cash flow by 2029. The target depends materially on the US$9 billion Willow oil project in Alaska. Management’s plan exposes the company’s cash-flow outlook to Willow’s construction costs and execution timeline.
Key facts
- ConocoPhillips is pursuing a plan to add US$7 billion in free cash flow by 2029. source
- Q2 free cash flow (FCF) for ConocoPhillips surged 75% compared with Q1. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | +2.8% | ConocoPhillips is pursuing a plan to add US$7 billion in free cash flow by 2029. |