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CLAIM #16453 · ConocoPhillips (COP) · 2024Q4 earnings call · Feb 6, 2025 · due Feb 6, 2027

Now related to production and continuing on with that, we've looked at we've kinda demonstrated over the last two and a half years that flat activity we can grow the lower forty-eight business. We the teams that continue to drive operating efficiencies, and we do see that for years to come. At flat activity.

Nick Olds · EVP

PENDING
graded after results covering Feb 6, 2027 are reported

How to check this claim

Look at: Lower 48 segment production volume (as reported), at flat activity/capital levels

It came true if: Lower 48 production growth > 0% year-over-year despite flat activity levels

Where: Company quarterly earnings release / 10-K segment production data (Lower 48)

In context

addition to those efficiencies. You've got items like moving on to common contracts, designs around facilities, different well programs, mud programs that are also there. Now in addition to shifting to our steady-state development program and if you recall know, Heritage Marathon were typically very, front-end, weighted with their activity then ramp down Q3, Q4. We're moving to that over time. But we're also moving our legacy positions in Eagle Ford and Bakken to an Optum plateau, and we'll reassess this as we integrate those assets. So that's another big driver. So you can think about you got the efficiencies, you got material synergy capture, you got activity optimization, and then we expect modest deflation in 2025 as well. Around $200 million. So all that gets you to the $1.4 billion. Now related to production and continuing on with that, we've looked at we've kinda demonstrated over the last two and a half years that flat activity we can grow the lower forty-eight business. We the teams that continue to drive operating efficiencies, and we do see that for years to come. At flat activity. Operator: Our next question comes from the line of Devin McDermott with Morgan Stanley. Devin McDermott: Hey, good morning. Thanks for taking my question. I wanted to circle back to Alaska. Willow is a big portion of the major capital project spending, and we're in the peak construction season right now. So I was hoping you can give us a bit of an update on some of the near-term miles and remind us of the cadence we're spending on that project over the next few years and just stepping back, you know, Alaska has gotten a lot of attention from the Trump administration so far and even had its own executive order. So more broadly, could you remind us how you're thinking about the Western North Slope opportunity set and whether or not the policy environment creates more of an opportunity to mo

Verify independently

SEC filings for COP · Claim quote is verbatim from the 2024Q4 earnings call.