ConocoPhillips Net Worth is$98.8 B
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Type: Public
Traded As: COP, S&P 500
Predecessor: Conoco Inc., Phillips Petroleum Company
Foundation: August 30, 2002 url
Industry: List of oil exploration and production companies
Location City: Houston Energy Corridor,, Houston, Texas
Location Country: U.S.
Area Served: Worldwide
Key People: Ryan Lance,
Products: Oil, natural gas, petroleum, lubricant, petrochemical,
Revenue: {{Increase US$ 251.226 1000000000 (number) (2011) Operating Income: 023.001 billion (2011) Net Income: 012.436 billion (2011) Assets: equity
Num Employees: 29,800 (2011) Homepage: http://www.conocophillips.com//ConocoPhillips.com
ConocoPhillips Company (NYSE: COP) is an American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States. It is the world's largest independent pure-play exploration & production company and is also one of the Fortune 500 companies. ConocoPhillips was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002 and was the fifth largest integrated oil company until spinning off its downstream assets to Phillips 66.
Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. Based in Ogden, Utah, the company was a coal, oil, kerosene, grease and candles distributor in the West. Marland Oil Company (founded by exploration pioneer E. W. Marland) later acquired the assets (subject to liabilities) of Continental Oil Company, for a consideration of 2,317,266 shares of stock. On June 26, 1929, Marland Oil changed its name to Continental Oil Company and moved its headquarters to Ponca City, Oklahoma. The acquisition gave Conoco the red bar-and-triangle logo previously used by Marland. Conoco used the logo between 1930 and 1970, when the current red capsule logo was adopted.
Numerous state corporation filings are identified "Continental Oil Company" and "Continental Oil Corp." and "Continental Oil Company of Texas" as recorded with the Texas Secretary of State and Delaware Secretary of State. Merger of San Jacinto Petroleum Corp. and Continental Oil Corporation is recorded in 1964 with Delaware Secretary of State.
In 2005, ConocoPhillips began rebranding its (Union) 76 gas stations, which Phillips had acquired from Tosco Corporation before the merger with Conoco. The move prompted a petition campaign by fans hoping to save the historic 76 orange ball signage.
In March 2006, ConocoPhillips bought Wilhelmshavener Raffineriegesellschaft mbH in Germany, and Burlington Resources in the United States.
On May

ConocoPhillips Net Worth, 5.0 out of 5 based on 2 ratings

ConocoPhillips Latest News

Here's Why ConocoPhillips' Stock Surged 11.4% in November

In early November ConocoPhillips hosted an analyst and investor meeting where it detailed its progress on positioning the company to run at lower oil prices and what that means for the future. At the heart of the new go-forward plan is a distinct set of ...
Posted: December 2, 2016, 7:30 am

ConocoPhillips headquarters to move across I-10

ConocoPhillips said Tuesday that it will leave its sprawling campus in the Energy Corridor for a new skyscraper nearby that the oil giant has been trying to sublease since earlier this year. To continue reading this story, you will need to be a digital ...
Posted: November 29, 2016, 9:16 pm

The Zacks Analyst Blog Highlights: Broadcom, PNC Financial Services, ConocoPhillips, General Dynamics and Sinopec

Today's Research Daily features new research reports on 16 major stocks, including Broadcom (NASDAQ:AVGO – Free Report), PNC Financial Services (NYSE:PNC – Free Report) and ConocoPhillips (NYSE:COP – Free Report). Buy rated Broadcom shares have ...
Posted: December 2, 2016, 7:36 am
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