ConocoPhillips

ConocoPhillips is one of the world’s largest independent exploration and production (E&P) companies, with operations in 17 countries across six continents. The company explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. It is the world’s largest independent E&P company by market capitalization and the fifth-largest overall in the energy sector. The company is listed on the New York Stock Exchange and is a component of the S&P 500 index. As of December 31, 2020, ConocoPhillips had approximately 11.8 billion barrels of oil equivalent (BOE) of proved reserves, of which approximately 62% was from the United States and Canada, and approximately 38% was from other countries.

The company’s operations are organized into two business segments: Exploration and Production (E&P) and Midstream. The E&P segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The Midstream segment provides gathering, processing, and transportation services for crude oil, natural gas, and natural gas liquids in the United States and Canada.

ConocoPhillips has a long history of investing in technology and innovation to drive operational excellence and increase production. The company has developed proprietary technologies for drilling, completion, production, and reservoir characterization and optimization. In addition, ConocoPhillips has a robust research and development program that focuses on enhancing oil and gas recovery, improving safety and environmental performance, and reducing costs.