ConocoPhillips Company Description
Formed by the merger of Conoco and Phillips Petroleum, ConocoPhillips is the #3 integrated oil and gas company in the US, behind Exxon Mobil and Chevron, and condolidated that position by buying Burlington Resources (for a reported $35 billion). The company explores for oil and gas in more than 30 countries and has estimated proved reserves of 11.2 billion barrels of oil equivalent, excluding its Syncrude (Canadian oil sands) assets. It has a refining capacity of more than 2.7 million barrels per day and sells petroleum at 8,750 retail outlets in the US under the 76, Conoco, and Phillips 66 brands. Other operations include chemicals, gas gathering, fuels technology, and power generation.
View the Comprehensive Company Description for ConocoPhillips
The Company Description provides a historical perspective of ConocoPhillips's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of ConocoPhillips's evolution in the marketplace.
