ConocoPhillips names Andy O’Brien CEO as Ryan Lance becomes executive chair

Effective September 1, 2026, Andy O’Brien will succeed Ryan Lance as ConocoPhillips’ president and CEO and join the board, while Lance retires as CEO to become executive chair; Kontessa Haynes-Welsh will become CFO and Greig Patterson will become controller. O’Brien’s compensation will include a $1.7 million base salary, a 160% annual cash-incentive target and a $13.08 million long-term incentive target, while Lance’s base salary will be $1.1 million and his 2027 long-term incentive target will be $12.4 million. ConocoPhillips also approved restricted stock unit awards with target values of $5 million for Kirk Johnson and $3 million for Nicholas Olds.