ConocoPhillips Names Andy O'Brien CEO as Ryan Lance Steps Down
ConocoPhillips announced that CEO Ryan Lance will step down after 14 years, with CFO Andy O'Brien succeeding him on September 1. Lance will transition to executive chair. The leadership change accompanies the company's strongest quarterly profit since 2022, aligning with its goal to deliver $7 billion in cash flow.
Key facts
- Ryan Lance is stepping down as CEO of ConocoPhillips after 14 years.
- Andy O'Brien, currently CFO, will become CEO effective September 1.
- Lance will move to an executive chair role.
- The announcement was made alongside the company's strongest quarterly profit since 2022.
- The leadership change supports ConocoPhillips' goal to deliver $7 billion in cash flow.
Entities
Institutions
- ConocoPhillips
Sources
- Quartz —