JOURNAL ARTICLE

ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wethe, David 3 of 3

Abstract

The article focuses on ConocoPhillips' increased spending plans for the Willow oil and natural gas project in Alaska, which have risen to as much as $9 billion due to inflation and other rising costs. Initially estimated at $7 billion to $7.5 billion, the project is now expected to begin oil production in early 2029, with general inflationary costs accounting for approximately $700 million of the increase. The Willow project is projected to yield about 600 million barrels of crude over 30 years. ConocoPhillips, a Houston-based oil company with a long history in Alaska, is also looking to diversify its portfolio amid aging shale basins in Texas. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2025
  • Accession Number:189154735
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