ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation
ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation
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ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation

🕒︎ 2025-11-06

Copyright Bloomberg

ConocoPhillips Raises Willow Cost to $9 Billion Citing Inflation

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as much as $9 billion, citing inflation and other rising costs. The Houston oil giant, which initially estimated that its spending on the North Slope project was in the range of $7 billion to $7.5 billion, now expects oil production there to begin in early 2029, according to a statementBloomberg Terminal Thursday.

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