ConocoPhillips Co. (NYSE: COP) this week announced an executive leadership realignment following the retirement of Al Hirshberg after eight years with the Houston-based company.
Hirshberg, ConocoPhillips’ executive vice president of production, drilling and projects, is retiring after more than 35 years in the oil and gas industry. He played a “valuable role” in ConocoPhillips’ launch as an independent E&P, CEO Ryan Lance said in a statement.
In conjunction with the retirement, ConocoPhillips said Oct. 31 it will name Matt Fox as executive vice president and COO. In addition, Don Wallette Jr.’s title with the company has changed to executive vice president and CFO from his current role as executive vice president of finance, commercial and CFO.
Fox, who is currently executive vice president of strategy, exploration and technology at ConocoPhillips, has more than 30 years of industry experience in a broad range of technical and leadership roles. Previously, he led ConocoPhillips’ exploration and production operations from 2012-2016.
Wallette has more than 30 years of experience and has served in several technical and leadership roles in ConocoPhillips, including leading the company’s business development function from 2012-2016.
Fox, who will now take on the responsibility of ConocoPhillips’ worldwide E&P operations plus corporate planning and technology, as well as Wallette will continue to report to Lance.
In the U.S., ConocoPhillips has been focusing on production from the Permian Basin, Eagle Ford and Bakken—what the company calls its “Lower 48 Big 3.“ The company also has projects in Canada, Europe, North Africa, Asia Pacific and the Middle East.
RELATED: ConocoPhillips Vows Capital Discipline, Sees Earnings Surge
The appointments of Fox and Wallette will take effect Jan. 1. Hirshberg will remain in his current position until that date to provide support during the transition of his responsibilities, the company release said.
Recommended Reading
Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
2025-01-16 - Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
Equinor Secures $3B in Financing for New York’s Empire Wind 1
2025-01-02 - Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
Energy Transition in Motion (Week of Jan. 31, 2025)
2025-01-31 - Here is a look at some of this week’s renewable energy news, including two more solar farms in Texas.
Despite Growth of CCS Projects, Profitability Remains Elusive
2024-12-04 - While costs are declining, CCS technologies remain expensive, with EOR and tax incentives spurring projects to capture and store CO₂.
Lightsource BP Completes 187-MW Texas Solar Project
2025-01-27 - Lightsource BP’s Peacock Solar project, in San Patricio County, Texas, aims to provide power to an Exxon Mobil and Saudi Basic Industries JV’s nearby manufacturing facility.