Blog, One day - One Company

Email This Page

ConocoPhillips in brief

The E&P company of choice for all stakeholders by pioneering a new standard of excellence

Headquartered in Houston, Texas, ConocoPhillips is present in almost 30 countries.

Until listing separately Phillips 66 on May 1st 2012, ConocoPhillips was the third largest integrated energy company in USA and the fifth largest refiner in the world.

Since then ConocoPhillips is focusing on the upstream business:

 – Oil and Gas exploration and production

While Phillips 66 covers the midstream and downstream activities including petrochemical:

 – Natural gas gathering, processing and marketing, including a 50 percent interest in DCP Midstream LLC.

 – Refining, marketing, supply and transportation

 – Chemicals and plastics production and distribution through a 50 percent interest in Chevron Phillips Chemical Co.LLC.

ConocoPhillips is listed in NYSE (COP)

ConocoPhillips Key Figures

 – 2011 Revenues: $251,2 billion

 – 2010 Revenues: $196,6 billion

 – 2011 Earnings: $12,4 billion

 – 2010 Earnings: $11,3 billion

 – 2012 Capital Expenditure: $14 billion (Forecast)

 – 2011 Capital Expenditure: $13,2 billion

 – 2010 Capital Expenditure: $9,7 billion

ConocoPhillips Projects and Business Highlights

ConocoPhillips intents to develop conventional and unconventional resources: light oil, heavy oil, oil sands, natural gas liquids (NGL), conventional natural gas, coalbed methane, shale gas and oil shale, and liquefied natural gas (LNG).

Over the last years ConocoPhillips created a global LNG business with the Qatargas 3 project in Qatar, Bayu-Undan in the Timor Sea, the Darwin LNG Plant in Australia and the $20 billion world-class APLNG on going project to develop one of largest coal seamgas (CSG) resource positions in Australia.

ConocoPhillips still sees more opportunities in Australia with the Sunrise field in the Timor Sea and the Browse basin for which floating LNG are at conceptual study

If ConocoPhillips has now dropped all its interest in Russia, instead it will focus on:

 – Alaska with ANS Gas and Ugnu

 – Canada oil sands with Deep basin and central Alberta in addition to new phases of development in Surmont III, Foster Creek, Narrow Lake and Christina Lake.

 – Caspian Sea with Kashagan phases development

 – China with Bohai Optimization and Bohai III

 – North Sea with Clair Ridge, Rivers, Alder and on going Ekofisk South and Eldfish II

 – USA with Permian basin and San Juan basin 

Listing separately Phillips 66 and exiting Russia are giving ConocoPhillips and the financial resources to reduce its debts and and to focus on exploration and production especially in the most promising offshore conventional resources and onshore unconventional oil and gas fields.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

close

For the lastest news about Oil&Gas and Digitalization, do not hesitate to follow our newsletter :

Leave a Reply