New ConocoPhillips CEO inherits $7 billion cash flow pledge riding on Alaska oil project

Andy O’Brien is set to succeed ConocoPhillips CEO Ryan Lance next month and will take over responsibility for completing a major Alaska oil project. Analysts cited ongoing cost-control needs and a share price that has recently lagged peers, suggesting a cautious outlook into the transition and project execution.

Analysis

Andy O’Brien is set to succeed ConocoPhillips CEO Ryan Lance next month and will take over responsibility for completing a major Alaska oil project. Analysts cited ongoing cost-control needs and a share price that has recently lagged peers, suggesting a cautious outlook into the transition and project execution.