ConocoPhillips (NYSE: COP) today announced that its board of
directors has elected Ms. Nelda J. Connors to serve as a board
member.
Ms. Connors has more than 25 years of experience in the
industrial and manufacturing industries. In 2011, she founded Pine
Grove Holdings, LLC, where she currently serves as chair and chief
executive officer, overseeing investments in small- and mid-sized
businesses with a high engineering component. Prior to founding
Pine Grove Holdings, Ms. Connors served as president and chief
executive officer of Atkore International Group, Inc., from 2008 to
2010 while Atkore was a division of Tyco International, and from
2010 to 2011 following Atkore’s spin-off as a separate, privately
held entity. Ms. Connors has also held various managerial positions
for Eaton Corporation, a diversified industrial manufacturer, and
various executive and managerial roles in the automotive
industry.
“It is an honor to welcome Nelda to the ConocoPhillips board of
directors,” said Ryan Lance, chairman and chief executive officer.
“Nelda is a proven leader who brings valuable expertise in
operational excellence and corporate finance. Her contributions
will help advance all aspects of our Triple Mandate to meet energy
transition pathway demand, generate competitive returns on and of
capital, and progress toward our net-zero operational greenhouse
gas emissions ambition.”
Ms. Connors currently serves on the boards of Carnival
Corporation and Carnival plc, Otis Worldwide Corporation and Zebra
Technologies Corporation.
Ms. Connors will serve on the Audit and Finance Committee and
Public Policy and Sustainability Committee of the ConocoPhillips
board.
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About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and
production companies based on both production and reserves, with a
globally diversified asset portfolio. Headquartered in Houston,
Texas, ConocoPhillips had operations and activities in 13
countries, $96 billion of total assets, and approximately 10,200
employees at June 30, 2024. Production averaged 1,923 MBOED for the
six months ended June 30, 2024, and proved reserves were 6.8 BBOE
as of Dec. 31, 2023. For more information, go to
www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES
OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995.
This news release contains forward-looking statements as defined
under the federal securities laws. Forward-looking statements
relate to future events, plans and anticipated results of
operations, business strategies, and other aspects of our
operations or operating results. Words and phrases such as
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“continue,” “could,” “intend,” “may,” “plan,” “potential,”
“predict,” “seek,” “should,” “will,” “would,” “expect,”
“objective,” “projection,” “forecast,” “goal,” “guidance,”
“outlook,” “effort,” “target” and other similar words can be used
to identify forward-looking statements. However, the absence of
these words does not mean that the statements are not
forward-looking. Where, in any forward-looking statement, the
company expresses an expectation or belief as to future results,
such expectation or belief is expressed in good faith and believed
to be reasonable at the time such forward-looking statement is
made. However, these statements are not guarantees of future
performance and involve certain risks, uncertainties and other
factors beyond our control. Therefore, actual outcomes and results
may differ materially from what is expressed or forecast in the
forward-looking statements. Factors that could cause actual results
or events to differ materially from what is presented include
changes in commodity prices, including a prolonged decline in these
prices relative to historical or future expected levels; global and
regional changes in the demand, supply, prices, differentials or
other market conditions affecting oil and gas, including changes
resulting from any ongoing military conflict, including the
conflicts in Ukraine and the Middle East, and the global response
to such conflict, security threats on facilities and
infrastructure, or from a public health crisis or from the
imposition or lifting of crude oil production quotas or other
actions that might be imposed by OPEC and other producing countries
and the resulting company or third-party actions in response to
such changes; insufficient liquidity or other factors, such as
those listed herein, that could impact our ability to repurchase
shares and declare and pay dividends such that we suspend our share
repurchase program and reduce, suspend, or totally eliminate
dividend payments in the future, whether variable or fixed; changes
in expected levels of oil and gas reserves or production; potential
failures or delays in achieving expected reserve or production
levels from existing and future oil and gas developments, including
due to operating hazards, drilling risks or unsuccessful
exploratory activities; unexpected cost increases, inflationary
pressures or technical difficulties in constructing, maintaining or
modifying company facilities; legislative and regulatory
initiatives addressing global climate change or other environmental
concerns; public health crises, including pandemics (such as
COVID-19) and epidemics and any impacts or related company or
government policies or actions; investment in and development of
competing or alternative energy sources; potential failures or
delays in delivering on our current or future low-carbon strategy,
including our inability to develop new technologies; disruptions or
interruptions impacting the transportation for our oil and gas
production; international monetary conditions and exchange rate
fluctuations; changes in international trade relationships or
governmental policies, including the imposition of price caps, or
the imposition of trade restrictions or tariffs on any materials or
products (such as aluminum and steel) used in the operation of our
business, including any sanctions imposed as a result of any
ongoing military conflict, including the conflicts in Ukraine and
the Middle East; our ability to collect payments when due,
including our ability to collect payments from the government of
Venezuela or PDVSA; our ability to complete the proposed
acquisition of Marathon Oil Corporation (Marathon Oil) or any other
announced or any other future dispositions or acquisitions on time,
if at all; the possibility that regulatory approvals, consents or
authorizations for the Marathon Oil acquisition or any other
announced or any other future dispositions or acquisitions will not
be received on a timely basis, if at all, or that such approvals
may be subject to conditions neither we nor Marathon Oil
anticipated or may require modification to the terms of the
transactions or our remaining business; business disruptions
relating to the Marathon Oil acquisition or following any other
announced or other future dispositions or acquisitions, including
the diversion of management time and attention; the ability to
deploy net proceeds from our announced or any future dispositions
in the manner and timeframe we anticipate, if at all; the
satisfaction of closing conditions on a timely basis or at all or
the failure of the Marathon Oil acquisition to close for any other
reason or to close on anticipated terms; our ability to
successfully integrate Marathon Oil’s business and technologies,
which may result in the combined company not operating as
effectively and efficiently as expected; our ability to achieve the
expected benefits and synergies from the Marathon Oil acquisition
in a timely manner, or at all; potential liability for remedial
actions under existing or future environmental regulations;
potential liability resulting from pending or future litigation,
including litigation related directly or indirectly to our
transaction with Concho Resources Inc.; the impact of competition
and consolidation in the oil and gas industry; limited access to
capital or insurance or significantly higher cost of capital or
insurance related to illiquidity or uncertainty in the domestic or
international financial markets or investor sentiment; general
domestic and international economic and political conditions or
developments, including as a result of any ongoing military
conflict, including the conflicts in Ukraine and the Middle East;
changes in fiscal regime or tax, environmental and other laws
applicable to our business; and disruptions resulting from
accidents, extraordinary weather events, civil unrest, political
events, war, terrorism, cybersecurity threats or information
technology failures, constraints or disruptions; and other
economic, business, competitive and/or regulatory factors affecting
our business generally as set forth in our filings with the
Securities and Exchange Commission. Unless legally required,
ConocoPhillips expressly disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240903758175/en/
Dennis Nuss (media) 281-293-1149
dennis.nuss@conocophillips.com
Investor Relations 281-293-5000
investor.relations@conocophillips.com
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