23 Facts About ConocoPhillips

ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration and production.

ConocoPhillips ranked 207th on Forbes Best Employers for Diversity, 125th on Forbes America's Best Employers and 76 on Forbes Canada's Best Employers.

ConocoPhillips was a coal, oil, kerosene, grease and candles distributor in the West.

In March 2006, ConocoPhillips acquired Wilhelmshavener Raffineriegesellschaft mbH, based in Germany.

On July 14,2011, ConocoPhillips announced its intent to separate the company's upstream and downstream businesses into two stand-alone, publicly traded corporations, with the intent of maximizing shareholder value.

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In May 2012, ConocoPhillips completed the corporate spin-off of its downstream assets as Phillips 66.

In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curacao to collect on $2 billion owed since a 2007 court decision.

ConocoPhillips was previously the Senior Vice President of Global Operations, Wells and Projects at the corporate headquarters in Huston, United States, and is located in Stravanger where the main office is located.

In December 2020, ConocoPhillips made the largest discovery of oil for the year, between 75.

ConocoPhillips expects to be able to provide affordable energy to the world, generate large returns, and demonstrate ESG Leadership.

In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.

ConocoPhillips explores for, produces, transports and markets crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis.

ConocoPhillips manages its operations through six operating segments, defined by geographic region: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.

In 2007, ConocoPhillips announced it would spend $150 million that year on alternative and unconventional energy sources, up from $80 million in 2006.

However, ConocoPhillips left the US Climate Action Partnership in February 2010, at the same time as BP and Caterpillar Inc left the partnership.

ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights.

In 2016, ConocoPhillips was ranked as being among the 12th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.

In 1990, ConocoPhillips agreed to pay $23 million to buy 400 homes and compensate families in Ponca City, Oklahoma, who said its refinery gave them cancer and other illnesses.

In May 2019, ConocoPhillips settled a lawsuit with homeowners in northwestern Oklahoma City who accused the company of polluting their soil and water to such a degree that no trees or flowers will grow.

In May 2017, ConocoPhillips agreed to a $39 million settlement to resolve complaints brought by New Jersey over groundwater contamination.

ConocoPhillips was one of 50 companies named in a 2007 lawsuit filed against manufacturers, distributors and other industrial users of the gasoline additive MTBE, found in groundwater at locations throughout New Jersey.

In 2013, ConocoPhillips had the “leakiest” methane in operations compared to its peers.

ConocoPhillips reported Total CO2e emissions for the twelve months ending 31 December 2020 at 16,200 Kt.