COP · News · 20260821N

Free Cash Flow Outlook

CONOCOPHILLIPS · 2026-08-21 · Importance 75 · Surprise 60

Andy O'Brien will become ConocoPhillips' chief executive officer on September 1, 2026, succeeding Ryan Lance, who will become executive chairman. O'Brien is expected to complete the Alaska Willow oil project while pursuing the company's $7 billion free cash flow target by 2029. The target depends substantially on Willow's completion, although the project has experienced cost increases and execution risks.

Key facts

• ConocoPhillips has appointed Kontessa S. Haynes-Welsh as Senior Vice President and Chief Financial Officer, effective September 1, 2026. source
• ConocoPhillips stock has returned 184% over the past five years. source
• Andrew D. Lundquist plans to sell up to 9,487 shares of ConocoPhillips common stock by August 21, 2026, valued at approximately $1.28 million. source
• Rose Kelly Brunetti, SVP & General Counsel, sold 15,000 shares of ConocoPhillips common stock on August 20, 2026 at a weighted average price of $134.515 per share, totaling approximately $2.02 million. source
• ConocoPhillips reported its best quarterly results since 2022 with adjusted profit beating Wall Street expectations. source