ConocoPhillips (COP) Enters 20-year LNG Purchase Pact with Sempra Infrastructure

Core Viewpoint - ConocoPhillips has entered a significant 20-year agreement to purchase LNG from Sempra Infrastructure, enhancing its global supply strategy and maintaining its strong dividend history [1][3]. Group 1: Agreement Details - ConocoPhillips has signed a 20-year agreement to buy 4 million tons per annum (MTPA) of LNG from Sempra Infrastructure's Port Arthur LNG Phase 2 project in Texas [1]. - This new agreement builds on a previous 20-year deal signed in July 2022 for 5 MTPA of LNG from Port Arthur LNG Phase 1, where ConocoPhillips also holds a 30% equity stake [2]. - In Phase 2, ConocoPhillips will act solely as an LNG buyer, differing from Phase 1 where it also invested [4]. Group 2: Strategic Implications - The agreement aligns with ConocoPhillips' global LNG strategy, aimed at securing a robust supply network for gas distribution worldwide [3]. - The company has a strong financial position, highlighted by its 55 years of continuous dividend payouts, reinforcing its attractiveness as a dividend stock [3].