Willow project is progressing toward first oil in early 2029, with peak project capital behind and future capital expected to decline.
New LNG offtake contracts in Indonesia and the US Gulf Coast are expanding ConocoPhillips' commercial LNG portfolio and adding future international margin exposure.
The Iraq Kirkuk redevelopment transaction is expected to close around year-end and is designed to be largely self-funding, adding low-cost conventional production upside with minimal future capital.
ConocoPhillips will add another Permian rig in the second half of 2026 to keep pace with completion efficiencies and maintain steady-state operations into 2027.
A third-party tolling agreement at EGLNG in Equatorial Guinea is expected to extend the facility's life into the 2030s and support future utilization while the company pursues nearby gas resources.
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