• CERAWeek
  • March 18 - 22, 2024

Nick Olds


Executive Vice President, Lower 48

Nick Olds is executive vice president, Lower 48, responsible for leading the company’s Lower 48 operations. Olds has 30 years of experience in the oil and natural gas industry. He previously served as executive vice president, Global Operations, responsible for the company’s operations in Alaska, Asia Pacific, Canada, Europe, Middle East & Africa. Other leadership roles he has held include vice president, Corporate Planning & Development, vice president, Mid-Continent Business Unit in the Lower 48 and vice president, North Slope Operations and Development in Alaska. He began his career with predecessor company Conoco in Houston in 1992. Since then, Olds has served in numerous engineering, development, and operations and management positions in the United States, Nigeria, Norway, United Arab Emirates, Kazakhstan, Canada and Alaska. Olds graduated from Montana Tech University with a bachelor’s degree in petroleum engineering. In 2006, he also completed the Executive Development Program at the Wharton Business School. He is a board member of Yellowstone Forever and a member of the American Exploration and Production Council. He has also served as a board member on the Montana Tech University Foundation Board and Asia Natural Gas and Energy Association.

Sessions With Nick Olds

Tuesday, 7 March

  • 04:05pm - 04:45pm (CST) / 07/mar/2023 10:05 pm - 07/mar/2023 10:45 pm

    Strategic Choices for Investing in the Upcycle

    Upstream Oil & Gas
    The transition to a low—then zero—carbon energy system is clearly under way. As ambitions intensify with each passing year, the narrative becomes more certain. However, unexpected upheavals in the past three years and the consistent failure to meet some key transition goals demonstrate how the world’s energy dynamic can turn out much differently than expected. How are oil and gas players dealing with that uncertainty? For what future is the upstream currently investing? Have we underinvested? Will we? Is exploration even necessary, or do we already have all the oil and gas we need? What determines winners and losers if reality turns out to be different? Which portfolios deal best with these risks? How can complex enterprises make themselves flexible in chaos? What is the right risk approach and why? To which options should companies allocate capital—and how much? How do equity markets factor into what is possible?