 ConocoPhillips is the second-largest refiner in the United States, with crude oil processing capacity of approximately 2.0 MMBD; and the world’s fifth-largest nongovernment-controlled refiner, with crude oil processing capacity of nearly 2.7 MMBD globally.
ConocoPhillips’ Refining and Marketing (R&M) operations are comprised of global refining, marketing and transportation of petro¬leum products and related specialty businesses, as well as the devel¬opment and management of downstream technology. These businesses upgrade crude oil and other feedstocks into higher-value petroleum products, including gasoline, diesel fuel, jet fuel, lubricants, coke and other specialty products.
On Jan. 1, 2007, ConocoPhillips and EnCana Corp. formed a joint venture, WRB Refining, LLC (WRB), that provided EnCana with 50 percent interest in two of ConocoPhillips’ U.S. refineries – Wood River and Borger refineries, located in Roxana, Ill., and Borger, Texas, respectively. Plans are to expand heavy-oil processing capacity and throughput at these facilities by 2015. The Wood River refinery’s operating results are shared equally, while ConocoPhillips retains 65 percent interest in the Borger refinery’s results in 2008 and 50 percent thereafter. (See the Upstream section for information about the upstream venture.)
The company’s products are sold at nearly 10,500 retail and wholesale outlets around the world, primarily under the Phillips 66®, Conoco® and 76® brands in the United States and JET® brand in Europe.
ConocoPhillips owns or leases transportation assets – pipelines and terminals, marine and inland vessels, rail cars and trucks – to bring crude oil and feedstock to its refineries and to carry refined products to market.
Facts
(As of Jan. 1, 2008)
- U.S. Refineries: 12 refineries.
- International Refineries: Five refineries in four countries.
- U.S. marketing: Markets through approximately 8,750 outlets.
- U.S. crude processing capability: 2.0 MMBD.
- International crude processing capability: 0.7 MMBD.
- Key products: Gasoline, diesel fuel, jet fuel, liquefied petroleum gas (LPG), base oils, lubricants, solvents, aviation gasoline, and premium and fuel-grade petroleum cokes.
- R&M total assets: $37.9 billion.
- Employees: 14,943, including 2,552 retail store employees.
|