ConocoPhillips Building Global LNG Portfolio as Long-Term Resource in Energy Transition

Management for Houston-based ConocoPhillips during a quarterly earnings call highlighted the independent’s progress as it expanded its LNG activities while achieving record production.

CEO Ryan Lance told investors “the world is going to need investments in medium- and long-term production in addition to U.S. shale plays.” ConocoPhillips’ portfolio is “well positioned to meet these long-term supply challenges.”

Lance also noted that “a successful energy transition” for the world would require an “all-of-the-above approach,” complete with U.S. unconventional production and liquefied natural gas. 

“When you look at the transactions that we’ve done over the last couple of years, we have a growing resource position in the U.S., so creating more demand just...