COP · News · 20260822N
Free Cash Flow Outlook
CONOCOPHILLIPS · 2026-08-22 · Importance 75 · Surprise 60 · In source text
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
- Andy O'Brien inherits a goal of achieving a $7 billion free cash flow target by 2029, largely dependent on the completion of the Willow oil project in Alaska. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | contingent | — | Andy O'Brien inherits a goal of achieving a $7 billion free cash flow target by 2029, largely dependent on the completion of the Willow… |