New ConocoPhillips CEO Inherits $7 Billion Cash Flow Pledge Riding on Alaska Oil Project
7 Articles
7 Articles
New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project
Andy O’Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged peers, analysts and investors said.
Repsol has loaded the first ship with crude oil from the Pikka site in Alaska, a milestone that marks the beginning of the commercial exports of this project in the North Slope. The operation, carried out through the joint venture with Santos, which holds 51% and acts as an operator, represents the materialization of one of the great bets of the Spanish oil company in the United States. The first shipment, composed of 450,000 barrels of Alaska N…
THE INHERITANCE: New ConocoPhillips CEO Inherits $7 Billion Cash Flow Pledge Riding on Alaska Oil Project - Energy News, Top Headlines, Commentaries, Features & Events
Summary ConocoPhillips targets $7 billion free cash flow growth by 2029 Expensive Alaska oil project accounts for large portion of FCF growth plan Recent share lag versus Exxon and Chevron reflects heavy spending, analyst says (Reuters) – Andy O’Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska ...
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