COP · News · 20260822N

Willow Project Cash Flow Outlook

CONOCOPHILLIPS · 2026-08-22 · Importance 75 · Surprise 60

ConocoPhillips appointed CFO Andy O’Brien as chief executive officer effective September 1, 2026, with Ryan Lance becoming executive chairman. O’Brien is expected to complete the Willow oil project in Alaska and deliver the company’s $7 billion free cash flow target by 2029. The target is substantially dependent on Willow, which has experienced cost increases and faces execution risks, although O’Brien said he intends to maintain the existing strategic plan.

Key facts

• The Willow oil project in Alaska has seen cost increases and faces significant execution risks, according to the report. source