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ConocoPhillips announced that CEO Ryan Lance will retire on September 1, and CFO Andy O'Brien will succeed him as CEO and join the board of directors.
Ryan Lance will step down after 14 years of leading the company and transition to Executive Chairman. Konnie Haynes-Welsh, currently Vice President and Controller of Finance, will take over as Chief Financial Officer.
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Previous: ConocoPhillips' second-quarter adjusted earnings per share were $3.24, exceeding analysts' expectations of $2.88, primarily driven by higher oil prices.
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Next: ConocoPhillips has signed an agreement to acquire a 42% stake in a joint venture in Iraq's northern Kirkuk region and has completed $1.7 billion in non-core asset sales.
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