ConocoPhillips CEO Ryan Lance to retire; CFO Andy O’Brien named successor

ConocoPhillips announced on August 6, 2026, that CEO Ryan Lance will retire effective September 1, with CFO Andy O’Brien taking over as chief executive. Lance will transition to the role of executive chair, while Konnie Haynes-Welsh, currently vice president for finance and controller, will become the new CFO. The leadership change comes as ConocoPhillips highlights its focus on free cash flow growth, shareholder returns, and meeting global energy demand. ConocoPhillips shares rose 1% in pre-market trading on the day of the announcement. Lance, who led the company for 14 years, reflected on his 42-year career in the statement, expressing confidence in the company’s future under O’Brien’s leadership.