ConocoPhillips (NYSE:COP) Q4 2022 Earnings Call Transcript

Bill Janela: Hey. Good morning. Thank you. I wanted to ask on the pace of CapEx as you move through this year. I am wondering with all of the major project components that there are some quarters that might be chunkier than others, or if there are any other timing or seasonal factors to consider? So, any guidance you can give there in terms of how to think about the progression of quarterly spending for some of those bigger ticket items as well as the base business would be very helpful. Thanks.

Dominic Macklon: Thanks Bill. It’s Dominic here. Yes, the way it’s going to work out we think is pretty ratable through the year. We have got consistent activity in the Lower 48 level loaded. You are right that there is going to be a bit of lumpiness around some of the project spend. So, for example, in the first quarter, we do have a modest upfront payment in Q1 on Port Arthur, assuming that’s sanctioned. But if you are running a fairly ratable profile, that would be a good estimate.

Bill Janela: Thank you.

Phil Gresh: Okay. Great. Thank you. Operator, I think just would wrap up the call.

Operator: Thank you. Ladies and gentlemen, this concludes today’s conference. Thank you for participating. You may now disconnect.