CLAIM #16449 · ConocoPhillips (COP) · 2024Q4 earnings call · Feb 6, 2025 · due Dec 31, 2026
“If you look past 2025, we are gonna see the major projects spend step down each year.”
Andy O'Brien · SVP Strategy
PENDING
graded after results covering Dec 31, 2026 are reported
How to check this claim
Look at: Company-reported major projects capital spending (annual)
It came true if: Major projects capex in 2026 lower than major projects capex in 2025, and 2027 lower than 2026
Where: Company financial disclosures / capital expenditure guidance (10-K, earnings calls)
Verify independently
SEC filings for COP ↗ · Claim quote is verbatim from the 2024Q4 earnings call.