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

Next Support Level for ConocoPhillips (COP) is $43.41

Shares of ConocoPhillips (NYSE:COP) opened today below their pivot of $44.32 and have already reached the first level of support at $43.75. Should the shares continue to fall, the support pivots of $43.41 and $42.50 will be of interest. There is potential ...
Posted: March 27, 2017, 7:57 am

Striking a Balance in Oil and Gas

Major European players such as Total and Shell are moving into renewable power generation, while others such as Devon, ConocoPhillips and BP are focusing on improving the quality and cash flow from their core holdings. Devon and ConocoPhillips are ...
Posted: March 27, 2017, 2:25 pm

Where Will ConocoPhillips Be 1 Year From Now?

ConocoPhillips (NYSE:COP) has come a long way over the past few years. The most important part of that transformation has been the significant improvement in the company's cash flow breakeven level from above $75 oil to less than $50 oil. However, the ...
Posted: March 21, 2017, 9:00 am
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