ConocoPhillips
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Ryan Lance
- Full Time Employees
- 11,800
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 925 North Eldridge Parkway Houston TX United States of America 77079-2703
- IPO Date
- Dec 31, 1981
- CIK
- 0001163165
- Website
- conocophillips.com
- Similar Companies
- Business
- ConocoPhillips, formed in 2002 through the merger of Conoco Inc. and Phillips Petroleum Company and headquartered in Houston, Texas, is one of the world's largest independent exploration and production companies based on proved reserves and production of oil and natural gas. The company explores for, develops, produces, transports and markets crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas worldwide across 15 countries, including key operations in the U.S. Lower 48 (with significant positions in the Permian, Eagle Ford and Bakken basins), Alaska, Canada, Norway, Australia, Qatar, China, Malaysia, Libya and Equatorial Guinea; its core segments encompass conventional and unconventional reservoirs, shale gas, heavy oil, oil sands and LNG projects such as the operator of Australia Pacific LNG and interests in Qatargas 3. ConocoPhillips serves global refineries, industrial users, utility companies, petrochemical industries and residential consumers with products including crude oil for fuel and chemical manufacturing, natural gas for power generation and heating, NGLs for plastics and gasoline blending, LNG for regions without pipeline infrastructure, and bitumen for refining. Recent developments include the November 2024 completion of its $22.5 billion all-stock acquisition of Marathon Oil Corporation, which added high-quality, low-cost inventory in the U.S. basins including Eagle Ford, Bakken and Permian, delivering over $1 billion in annual run-rate synergies by end-2025 through operational efficiencies and cost reductions; ongoing portfolio optimization with $5 billion in targeted non-core asset sales by 2026 to fund LNG expansions (such as new Gulf Coast offtake agreements and supply to Europe and Asia) and the Alaska Willow project; first oil achievements at new sites in Norway, Alaska and China; an 8% increase in its quarterly ordinary dividend announced with third-quarter 2025 results; and expansion of LNG technology licensing with projects like Monkey Island LNG and Coastal Bend LNG adopting its Optimized Cascade process.
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