MAAT INDEX

CLAIM #16048 · ConocoPhillips (COP) · 2022Q2 earnings call · Aug 4, 2022 · due Dec 31, 2022

Yes. So Jeanine, that's incremental. If it did -- if a catch-up payment that did occur this year, that would be incremental to the $7.8 billion that we guided to.

Ryan Lance · CEO

PENDING
graded after results covering Dec 31, 2022 are reported

In context

lf a train. So to put that in perspective, Qatar Energy communicated that the total project, that's 4 trains of 8 million tons per ounce, so a total of 32 million is 29 billion for that. Our effective working interest is 3.125%. So if you take that, that gives us an estimated incremental CapEx of approximately $900 million for the NFE project. Now related to timing, as Ryan mentioned, this project has been going on for a couple of years with drilling and putting in platforms. So we'll have an initial catch-up payment for our share of the project costs, either late this year or early next, and that's not determined at this point in time. And with respect to start-up of first LNG as Qatar Energy has communicated, that is in 2026. Again, this would be incremental to any guidance. Ryan Lance: Yes. So Jeanine, that's incremental. If it did -- if a catch-up payment that did occur this year, that would be incremental to the $7.8 billion that we guided to. Operator: Our next question on line comes from Mr. Roger Read from Wells Fargo. Roger Read: And Mark, congratulations. You seem far too young man to retire, but you got to do what you got to do, right? Anyway, question I'd like to get on. It kind of comes back to the overall LNG and tying it together your existing operations, and obviously, the two new seems, I guess, one for sure and one likely investment. You're a big gas trader in the U.S., to some extent globally. I was just curious as does that create a new integrated sort of business we should think about down the road? And what would be the opportunities there? Probably gets a little bit back to Stephen's question about the return structure of the transaction overall with Sempra. Ryan Lance: Yes. Let me -- I'll start that. Maybe I

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SEC filings for COP · Claim quote is verbatim from the 2022Q2 earnings call.