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ConocoPhillips CEO Ryan Lance Retires, Andy O’Brien Takes Over

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Ryan Lance will retire as ConocoPhillips CEO, with Andy O’Brien taking over; Konnie Haynes-Welsh will become CFO. O’Brien says the team will stay focused on major projects and cost cuts supporting a $7 billion free-cash-flow inflection. The company reported $3.9 billion Q2 net income, generated $7.2 billion cash from operations, sold $1.7 billion in Lower 48 noncore assets, and agreed to buy a 42% Kirkuk-area JV stake.

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