CONOCOPHILLIPS (COP) Form 8-K — Aug 11, 2026
ConocoPhillips announced a planned CEO succession: the board elected Andy O'Brien, currently CFO and EVP Strategy, Commercial, as President and CEO and board member effective September 1, 2026. Ryan Lance retires as President and CEO after 14 years leading the company and a 42-year career, transitioning to Executive Chair in a transitional role. The rest of the bench is also promoted internally: Konnie Haynes-Welsh moves from VP, Finance and Controller to Senior Vice President and CFO, and Greig Patterson becomes VP, Finance and Controller, signaling management continuity.
Key figures
- Effective date
- September 1, 2026
- Obrien vcip target
- 160% of base salary
- Haynes welsh targets
- VCIP 83%, RSU 110%, performance share 205% of base salary
- Obrien lti target usd
- 13080000
- Obrien base salary usd
- 1700000
- Lance 2027 lti target usd
- 12400000
- Olds rsu target value usd
- 3000000
- Haynes welsh base salary usd
- 742972
- Johnson rsu target value usd
- 5000000
- Lance exec chair base salary usd
- 1100000
Price after filing
Close on the filing date to close N calendar days later (from $125.92). Historical, not a forecast.
AI analysis
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