Browsing Tag
ConocoPhillips
55 posts
Why ConocoPhillips named Andy O’Brien CEO as profit nearly doubles
Andy O’Brien becomes ConocoPhillips President and CEO on September 1 as Ryan Lance moves into a transitional executive-chair role, handing the longtime finance and strategy executive a company generating $7.2 billion of quarterly cash from operations and targeting a $7 billion free-cash-flow inflection by 2029.
NABEP’s reserve base is enormous, but its $100bn Venezuela plan still has to find the capital
North American Blue Energy Partners is set to control 17 Venezuelan oilfields containing about 65 billion barrels while targeting more than 1 million barrels a day of production. The unprecedented structure gives the U.S. government a 35% equity stake and preferential access to output, but the real commercial test is whether NABEP can finance and execute a proposed $100 billion infrastructure programme across fields that have suffered years of underinvestment.
Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count
Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering.
Willow Project: ConocoPhillips’ Alaska oil development advances toward early-2029 first production
The Willow Project is a ConocoPhillips Alaska-operated oil development in the National Petroleum Reserve-Alaska on the North Slope, designed to produce up to 180,000 barrels per day at peak, with first oil targeted for early 2029.
ConocoPhillips (NYSE: COP) names Andy O’Brien CEO as Q2 profit doubles and buybacks jump to $2bn
ConocoPhillips doubled Q2 buybacks to $2B and named Andy O'Brien CEO from September 1, tracking a $7B free cash flow inflection by 2029 tied to Willow.
Origin Energy (ASX: ORG) delivers A$911m APLNG dividend but flags FY27 decline as data breach exposes 900,000 customers
Origin Energy's APLNG delivered $911m franked dividends and beat FY26 production guidance; FY27 flags natural decline as a breach hits 900,000 customers.
TPAO joins BP-led Kirkuk redevelopment as Iraq brings Turkish and US capital into giant oil project
Türkiye Petrolleri Anonim Ortaklığı will take a 15% interest in BP’s Kirkuk project company, creating a BP, ConocoPhillips and Turkish Petroleum partnership around one of Iraq’s largest redevelopment opportunities.
ConocoPhillips joins bp to advance Kirkuk oil redevelopment partnership in Iraq
ConocoPhillips plans a 42% entry into bp’s Kirkuk venture, adding long-life Iraqi resources while sharing capital, contract and geopolitical exposure.
ConocoPhillips agrees to buy 42% of BP’s Kirkuk oil redevelopment venture
ConocoPhillips is entering the redevelopment of four producing northern Iraqi oil fields through a minority interest in BP’s Kirkuk project company. The structure offers exposure to a resource base exceeding 3 billion barrels of oil equivalent without requiring ConocoPhillips to assume operatorship or make significant initial capital contributions.
Viper Energy (Nasdaq: VNOM) closes $522m Riverbend royalty acquisition to deepen Permian Basin position
Viper Energy ($VNOM) closes the Riverbend royalty acquisition with $337 million in cash and 3.7 million shares. The next test is whether 4,000 BOE per day of acquired production can increase distributable cash flow per share.