A change in leadership is upcoming for ConocoPhillips, with Andy O'Brien set to take over as CEO next month. He will be succeeding Ryan Lance, who has held the position for a long time.

As the new CEO, O'Brien will be responsible for completing a major oil project in Alaska. Controlling costs will also be a key aspect of his role.

Further details about the transition and the Alaska oil project can be found through Reuters, as reported in the Galveston County Daily News. The news was announced from Houston, with more information available from the original source.