Recent Updates — COP
ConocoPhillips announced a leadership succession effective September 1, 2026. Ryan M. Lance will retire as President and Chief Executive Officer to assume the role of Executive Chair of the Board. Andrew (Andy) M. O’Brien, currently Executive Vice President, Strategy, Commercial and Chief Financial Officer, will succeed him as President and CEO. Kontessa S. Haynes-Welsh will be promoted from Vice President, Finance and Controller to Senior Vice President and Chief Financial Officer, while Greig Patterson will become Vice President, Finance and Controller. The Board approved new compensatory arrangements for the executives, including base salaries and incentive targets. ConocoPhillips is a leading global exploration and production company focused on oil and gas.
ConocoPhillips reported second-quarter 2026 earnings per share of $3.23 and adjusted EPS of $3.24, compared to $1.56 and $1.42 respectively in the prior year period. The company generated $7.4 billion in cash from operating activities and returned $3.0 billion to shareholders through $2.0 billion in share repurchases and dividends. ConocoPhillips declared a third-quarter ordinary dividend of $0.84 per share, payable on September 1, 2026, to stockholders of record as of August 17, 2026. The company also announced the sale of noncore Lower 48 assets for $1.7 billion and an agreement to acquire a 42% interest in a joint venture in northern Iraq. ConocoPhillips is a leading global exploration and production company focused on oil and gas.
On June 23, 2026, Kelly B. Rose announced her retirement as Senior Vice President, Legal, General Counsel, and Corporate Secretary, effective September 1, 2026. A replacement has not yet been named. ConocoPhillips is an energy company engaged in the exploration and production of oil and natural gas.
ConocoPhillips announced its financial and operating results for the first quarter ended March 31, 2026. The company provided detailed earnings data and supplemental financial information through an accompanying press release and exhibits.
ConocoPhillips announced its financial and operating results for the quarter and full year ended December 31, 2025. The company provided detailed performance data and supplemental financial information through accompanying press releases and exhibits.