ConocoPhillips plans to spend nearly $4 billion to more than double its global LNG footprint
ConocoPhillips Spells Out New LNG Balancing Act

ConocoPhillips plans to spend nearly $4 billion to more than double its global LNG footprint
The Lower 48 represents the largest ConocoPhillips business segment today based on production. The company has high-quality positions in the United States unconventionals, which are low cost of supply and low GHG intensity assets with significant upside potential.
Conocophillips approved for a contentious oil-and-gas drilling project in the northwestern state of Alaska.
Conocophillips 2023 total capital expenditure guidance is $10.7 to $11.3 billion, which includes $9.1 to $9.3 billion for base capital and $1.6 to $2.0 billion for anticipated major project spending at NFE, NFS, PALNG and Willow. ConocoPhillips ranks #5 in wells drilled in 2022 with 298 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Conocophillips currently holds approximately 1 million net acres in the Permian basin, including 75,000 in the resource-rich Delaware Basin and 48,500 in the Midland Basin.
The Permian Basin Quality of Place Conservancy announced Tuesday that the first of 14 renovated youth baseball/softball turf fields at Hogan Park will be named ConocoPhillips Field following the company’s recent $1 million donation to the project.
Quickly detecting and repairing methane leaks is crucial as we work to reduce our greenhouse gas (GHG) emissions and continuously test and deploy new methods to mitigate methane emissions is priority for Conoco
ConocoPhillips continued to work collaboratively with our suppliers to navigate and overcome many supply chain challenges last year,” said Bill Bullock, executive vice president and chief financial officer.
In British Columbia, ConocoPhillips is field testing 3D printed water-valve parts at its Montney water hub.
ConocoPhillips one of the largest oil & gas companies in North America. Details about the lower 48 and Canadian operations.