New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project
Reuters reports ConocoPhillips will appoint CFO Andy O'Brien as CEO on Sept. 1, succeeding Ryan Lance. The transition coincides with results and a plan to add $7 billion in free cash flow by 2029, heavily tied to Alaska’s Willow project. Willow’s cost estimate rose to up to $9 billion. O’Brien also faces Qatar LNG disruptions and cost cuts.







