Today ConocoPhillips announced that Andy O’Brien, chief financial officer and executive vice president, Strategy and Commercial, will succeed Ryan Lance as president and chief executive officer.
Lance will retire as president and CEO and become executive chair of the board of directors in a transitional role following a distinguished and impactful career.
“I’m honored to lead ConocoPhillips and grateful to Ryan for the strong foundation he has built,” said O’Brien. “Ryan has helped put the company in an exceptional position, with one of the best asset bases in the industry and a culture that delivers. My focus will be to build on that momentum, continue raising the bar and unlock even greater value across our company. Our future is bright, our best years are ahead of us and I can’t wait to get after it with this team.”
Robert Niblock, lead independent director, said, “We are also pleased to appoint Andy as president and CEO. He is the right person to lead our company into its next phase. He brings a deep knowledge of our business, a strong track record of execution and has played a key role in making ConocoPhillips successful. We look forward to welcoming him to the board.”
Outgoing CEO, Lance, commented, “Today we have an exceptional portfolio and a world-class team ready to begin the next chapter of our history under Andy’s leadership. Andy has played a significant role in shaping our company and strategy and I’m excited to see him, his leadership team and our employees build on our track record of success. I have complete confidence they will continue executing with discipline, generating peer-leading free cash flow growth and delivering competitive returns to shareholders, while meeting the world’s growing energy demand.”
Since joining ConocoPhillips’ executive leadership team in 2022, O’Brien has overseen various critical areas such as Alaska and international operations, commercial and LNG sectors, corporate strategy, investor relations, finance, and mergers and acquisitions.
The company also announced that Konnie Haynes-Welsh, currently vice president, Finance and Controller, will become senior vice president and chief financial officer. These appointments are effective Sept. 1, 2026.
By CEO NA Editorial Staff
