ConocoPhillips appoints Katie McGinty to board of directors

HOUSTON - ConocoPhillips (NYSE:COP), the $113 billion market cap oil and gas giant with a GOOD financial health score according to InvestingPro, announced Tuesday the election of Kathleen "Katie" McGinty to its board of directors, expanding the board to 13 members.

McGinty currently serves as vice president and chief sustainability and external relations officer at Johnson Controls. She brings over 30 years of public and private sector experience to the role, including her most recent position as senior vice president at the Environmental Defense Fund, where she led the global oceans program.

"Katie’s leadership on sustainability and experience in the private sector and in many key government positions brings a valuable perspective to our board," said Ryan Lance, chairman and chief executive officer of ConocoPhillips, in a press release statement.

McGinty will serve on the Public Policy and Sustainability Committee and the Audit and Finance Committee of the ConocoPhillips board. Her appointment increases the number of independent directors to 11 out of the total 13 board members.

In addition to her role at Johnson Controls, McGinty serves on several boards, including the International Steering Committee of the World Sustainable Development Summit, American Council for an Energy Efficient Economy, the Carnegie Mellon Scott Institute for Energy Innovation, and MN8 Energy.

ConocoPhillips is a global exploration and production company focused on oil and gas development. Trading at a P/E ratio of 11.3 and currently undervalued according to InvestingPro Fair Value estimates, the company has maintained dividend payments for 55 consecutive years. The company describes itself as positioned to deliver financial results through its portfolio of energy assets and operations. Discover detailed financial analysis and 8 additional exclusive ProTips for COP in the comprehensive Pro Research Report, available with an InvestingPro subscription.

In other recent news, ConocoPhillips reported a strong financial performance for the first quarter of 2025, with earnings per share of $2.09, surpassing analysts’ expectations of $1.98. The company also exceeded revenue forecasts, reporting $16.09 billion against a projected $15.77 billion. In addition to its financial results, ConocoPhillips held its annual meeting of stockholders, where all 12 nominated directors were elected, and Ernst & Young LLP was ratified as the independent registered public accounting firm for 2025. However, a proposal to amend the Certificate of Incorporation to eliminate supermajority voting provisions did not pass. Analysts from Citi and RBC Capital Markets have adjusted their price targets for ConocoPhillips to $115, citing strategic considerations and market conditions, though both firms maintain a positive outlook on the stock. Meanwhile, ConocoPhillips is under scrutiny from some U.S. senators, including Elizabeth Warren, regarding its lobbying activities related to a new tax bill. These developments highlight the company’s ongoing strategic adjustments and its interactions with both financial analysts and government officials.

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