MAAT INDEX

CLAIM #16167 · ConocoPhillips (COP) · 2023Q1 earnings call · May 4, 2023 · due Dec 31, 2023

But I'll leave you with this Paul, our plan will deliver at least mid-single digits for Lower 48.

Nick Olds · EVP Lower 48

PENDING
graded after results covering Dec 31, 2023 are reported

In context

u were talking about 2023, the shale oil production of around 1 million barrels per day. And in the first quarter, you're already there. Does that means that for the rest of the year that the Lower 48 shale oil and Montney together will be pretty stretched? Or that, that number is somewhat conservative now? Nicholas Olds : Yes, Paul, this is Nick. You're right. I mean, we had a very strong performance in Q1, as we just described. As you look at the future quarters of this year, we've got some larger pad projects, longer horizontal wells. And kind of put that in context, we've got 80% of our 2023 Permian wells are 2 miles or greater as we've got a fairly large portion that are of the 3 miles. But you're going to see kind of small variations. But overall, that's going to be relatively flat. But I'll leave you with this Paul, our plan will deliver at least mid-single digits for Lower 48. Operator: The next question comes from Scott Hanold with RBC Capital Markets. Scott Hanold : I just wonder if you could provide some updated commentary if you have any on Venezuela. About a month ago, there was some talks about kind of easing oil sanctions there. And you all have a potential big asset or at least valued that at one point in time, were looking to extract. Is there any update on that? Or is there any kind of color you can talk about like the progress and remind us of the value there? Ryan Lance : Yes, Scott, yes, we're right in the middle of all those conversations, as you might imagine, including the most recent conversations around the Citgo refining assets. We're in the queue. We're in the -- right in the middle of anything that would happen there. We have -- as a remind

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SEC filings for COP · Claim quote is verbatim from the 2023Q1 earnings call.