ConocoPhillips Executives Sell Off Shares Worth Billions in March

ConocoPhillips (COP) has disclosed that members of its executive leadership have been selling shares in early March 2026. On March 6, Timothy A. Leach sold 40,000 shares—not 4,000—at approximately $118.79 per share, realizing about $47.5 million (roughly KRW 7 billion) in cash; he still holds around 411,000 shares, valued at an estimated $47.9 million (about KRW 70 billion). On March 11, Vice President Nicholas G. Olds exercised stock options and sold all 12,150 shares, securing approximately $14.1 million (around KRW 2 billion). Then, on March 12, Chief Financial Officer Kontessa S. Haynes Welsh disposed of about 10,000 shares for roughly $12.4 million (approximately KRW 1.8 billion), trimming most of her direct stake. (apnews.com)

In its third-quarter results last year, the company reported solid profits driven by higher production and cost efficiencies and raised its dividend. It has also laid out aggressive cost-optimization plans for 2025, including restructuring 20–25% of its global workforce. Headquartered in Houston, Texas, ConocoPhillips is one of the world’s largest independent oil and gas exploration and production firms. Since spinning off its downstream operations into Phillips 66 in 2012, it has focused exclusively on upstream activities. Today, it operates shale assets in the U.S. and produces oil and natural gas in about 15 countries, including Alaska, Norway and Qatar. (conocophillips.com)