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

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ConocoPhillips Latest News

ConocoPhillips revises down over 1 billion bbls of oil sands reserves

CALGARY, Alberta ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped.
Posted: February 21, 2017, 3:28 pm

Better Buy: Sunoco LP vs. ConocoPhillips

Their names might rhyme, but Sunoco LP (NYSE:SUN) and ConocoPhillips (NYSE:COP) are two very different companies. Of course, it wasn't always that way. Both Sunoco and ConocoPhillips used to operate downstream businesses, but the companies exited refining ...
Posted: February 14, 2017, 2:28 am

ConocoPhillips - Is The Bottom Close?

ConocoPhillips is a good buy at the current level. The bottom is close. Only 2-5 percent downside left. Crude oil is firming up as well. ConocoPhillips (NYSE: COP) remains captivated in a boring downtrend since mid-December, dropping from $53 to $47 as of ...
Posted: February 21, 2017, 3:46 pm
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