CLAIM #16538 · ConocoPhillips (COP) · 2025Q2 earnings call · Aug 7, 2025 · due Dec 31, 2025
“We'll have close to 90% or 95% of these contracts pretty well secured by year-end, and so a lot of work in that space.”
Kirk Johnson · EVP Global Operations and Technical Functions
In context
“ation. And then again, as Ryan mentioned outside of Alaska, we're focused on completing engineering in support of these process modules that we're building here on the Gulf Coast. And then naturally, that's going to continue through 2027. But certainly, I would say, as it relates to the activities here this year, there's a lot of work by the team focusing appropriately on contracting, procurement -- general supply chain activities. Admittedly, tariffs have introduced some level of uncertainty and that's manifesting with internationally sourced equipment alongside a trend of inflation that's pretty similar to what we've seen in the international markets. And that's stabilizing as activity stabilize here. So it's a good time for us to put a wrapper on some of these contracts here this year. We'll have close to 90% or 95% of these contracts pretty well secured by year-end, and so a lot of work in that space. So again, Charles, I would say strong execution. We're hitting the really key milestones. We have some more work, of course, in this next winter season as it relates to gravel on the North Slope continuing to build that out towards the next set of pads and kind of wrapping up the last pieces around pipelines and a bit of civil work. So certainly more to come, but the milestones we're achieving, we're hitting those as we expect. And so it just continues to give us a lot of confidence in execution and strong expectations again around 2029 and first oil. Operator: Our next question comes from Paul Cheng with Scotiabank. Yim Chuen Cheng: Ryan, I want to ask about Eagle Ford. But before that, can I just sneak in and just clarify or that confirm Willow, the CapEx is still at $7 billion. And in”
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SEC filings for COP ↗ · Claim quote is verbatim from the 2025Q2 earnings call.