| Key Facts |
Employees: 22,823
Total Average Daily Production in 2007: MBOED
- Oil: MBD
- Gas: MMCFD
- NGL: MBD
Crude Processing Capacity: BD
Headquarters: Houston, Texas
Major Office Locations: Bartlesville, Okla.; Farmington, N.M.; Midland, Texas; Ponca City, Okla. |
Exploration and ProductionConocoPhillips is Alaska’s largest oil and gas producer and the largest owner of state and federal exploration leases, with approximately
1.6 million net undeveloped acres at year-end 2007.
ConocoPhillips’ business in the Lower 48 region is based on a diverse set of assets located in major basins from the Rocky Mountains to the Gulf of Mexico. Activity is extremely high with 773 net wells completed in 2007 and 20,730 net wells producing.
Refining and MarketingRefining
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. Learn more about Refining and Marketing operations.
ConocoPhillips divides its North American refining and marketing activities into four regions. Each region contains assets that are integrated by location, transportation, markets and commercial activities.
Marketing
In the United States, ConocoPhillips markets gasoline, diesel fuel, aviation fuel and convenience products. Learn more about the company’s retail and wholesale marketing operations.
TransportationConocoPhillips owns or leases various assets to provide strategic, timely and environmentally safe delivery and storage of crude oil, refined products and natural gas liquids. Learn more about the company’s transportation operations.
CommercialOne of the company’s four Commercial offices is housed in Houston, where employees manage worldwide commodity supply, marketing and trading needs.
ChemicalsConocoPhillips participates in the chemical sector through its 50 percent ownership in Chevron Phillips Chemical Company LLC (CPChem), a joint venture with Chevron Corporation. Learn more about CPChem’s operations in the United States.
MidstreamConocoPhillips’ Midstream business primarily is conducted through a 50 percent equity investment in DCP Midstream, LLC, as well as directly held assets and other equity affiliates.
Specialty ProductsConocoPhillips manufactures and markets lubricants and specialty products. Finished lubricants, petroleum coke, waxes, solvents and pipeline flow improvers are sold to commercial, industrial and whole¬sale buyers worldwide. Learn more about the company’s specialty products.
Power Generation The focus of ConocoPhillips’ power business is on developing integrated projects to support the company’s E&P and R&M strategies and business objectives. The company owns a 421-megawatt plant in Orange, Texas, that supplies steam and electricity to a nearby chemical plant, with surplus electricity sold to the local grid.
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