Entire Report
(3.3MB .PDF)
 |
|
ConocoPhillips 2003 Annual Report |
Cover - Page 3
(476KB .PDF) |
|
Cover
Table of Contents
Highlights
Worldwide Operations
|
Pages 4 - 9
(256KB .PDF) |
|
Letter to Shareholders – Chairman Archie Dunham and President and CEO Jim Mulva discuss the factors behind the company's success in 2003.
An Interview with President and CEO Jim Mulva
|
Pages 10 - 17
(780KB .PDF)
|
|
Operating Review Introduction
Exploration and Production (E&P) – E&P operated well in 2003, allowing the company to fully benefit from higher crude oil and natural gas prices.
|
Pages 18 - 21
(399KB .PDF) |
|
Refining and Marketing (R&M) – R&M made strong progress with regard to improvements in return on capital employed, synergy capture and the divestment of nonstrategic assets.
|
Page 22
(73KB .PDF) |
|
Midstream – ConocoPhillips is reshaping its Midstream segment to focus on its 30.3 percent interest in Duke Energy Field Services.
|
Page 23
(74KB .PDF) |
|
Chemicals – Chevron Phillips Chemical Company is focused on safety, operational excellence, cost management, capital stewardship and selected growth opportunities.
|
Pages 24 - 25
(165KB .PDF) |
|
Emerging Businesses – Integration of gas-to-liquids, power generation and technology solutions projects continued in 2003.
|
Page 26
(109KB .PDF) |
|
Commercial – The Commercial group manages the company's dynamic marketing, supply and trading needs around the clock in markets worldwide.
|
Pages 27
(88KB .PDF) |
|
Financial Strategy – ConocoPhillips made significant progress toward strengthening its balance sheet in 2003.
|
Page 28 - 30
(281KB .PDF) |
|
Corporate Review Introduction
Global Systems and Services (GSS) – In 2003, GSS consolidated services, leveraged computing and financial systems and streamlined processes, while supporting ConocoPhillips' businesses around the world.
|
Page 31
(83KB .PDF) |
|
Legal – ConocoPhillips is pursuing open and trustworthy relationships with investors, partners, customers, employees, communities, governments and other stakeholders.
|
Page 32 - 33
(83KB .PDF) |
|
Health, Safety & Environment – In 2003, ConocoPhillips outlined its commitment to sustainable development and its position on climate change.
|
Page 34
(83KB .PDF) |
|
Human Resources – ConocoPhillips is creating the highest-performing environment where people and businesses thrive.
Financial Review
|