HOUSTON - ConocoPhillips (NYSE: NYSE:COP), a major player in the global exploration and production sector, has announced the upcoming retirement of Dominic Macklon, the executive vice president of Strategy, Sustainability and Technology. Macklon is set to retire on May 1, 2024, due to family medical reasons, marking the end of his 33-year tenure with the company.
Macklon's career at ConocoPhillips began in 1991, and over the years, he has taken on a variety of roles that have increased in responsibility. His contributions since joining the executive leadership team in 2018 have been significant, especially in the areas of overseeing the company’s Lower 48 business, corporate planning and development, global technical functions, information technology, sustainable development, and low carbon technologies.
Ryan Lance, chairman and chief executive officer of ConocoPhillips, expressed gratitude for Macklon's leadership and dedication. Lance highlighted Macklon's integral role in driving value from low-cost supply opportunities and positioning the company for the energy transition, as well as accelerating emissions reduction initiatives. Lance also wished Macklon the best for his retirement and his return to the U.K.
ConocoPhillips is recognized as one of the leading exploration and production companies based on production and reserves. The company, headquartered in Houston, Texas, operated in 13 countries as of December 31, 2023, with $96 billion in total assets and approximately 9,900 employees. It reported an average production of 1,826 MBOED for the twelve months ended December 31, 2023, and preliminary proved reserves were 6.8 BBOE as of the same date.
This announcement is based on a press release statement and contains forward-looking statements under federal securities laws, which involve certain risks and uncertainties. Factors that could cause actual results to differ materially from those expressed include changes in commodity prices, global market conditions, and other factors beyond the company's control.
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