Lance: “Paid Fair Value for Shell Assets.”

ConocoPhillips CEO Ryan discusses the acquisition of Shell's assets, emphasizing its alignment with the company's strategy and financial framework. The deal is evaluated based on a cost of supply framework, ensuring long-term value. Ryan highlights industry trends, including energy transition and demand recovery post-COVID. He addresses investor concerns, emphasizing the acquisition's immediate cash flow benefits and its role in a diversified global portfolio. The discussion also covers operational efficiencies and future plans in Alaska and Qatar, underscoring the company's commitment to sustainable growth.

What is the 'triple mandate' that Ryan refers to in the context of the company's operations?

What are the expected growth targets for the Shell assets according to Ryan?

What efficiencies does Ryan believe ConocoPhillips can apply to the Shell assets?

How does Ryan view the company's position in Alaska in relation to the new acquisition?