 ConocoPhillips is the second-largest refiner in the United States, with crude processing capability of approximately 2.0 MMBD; and the world’s fifth-largest non-government controlled refiner, with crude oil processing capacity of more than 2.7 MMBD globally.
ConocoPhillips’ Refining and Marketing (R&M) operations are comprised of global refining, marketing and transportation of petroleum products and related specialty businesses, as well as the development and management of downstream technology. These business upgrade crude oil and other feedstocks into higher-value petroleum products, including gasoline, diesel fuel, jet fuel, lubricants, coke and other specialty products.
Effective Jan. 1, 2007, ConocoPhillips and EnCana Corporation created an integrated, North America heavy-oil business consisting of both upstream and downstream assets. The downstream venture, WRB Refining LLC, consists of ConocoPhillips’ Wood River and Borger refineries, located in Roxana, Ill., and Borger, Texas, respectively. Plans are to expand heavy-oil processing and throughput at these facilities by 2015. ConocoPhillips and EnCana each own 50 percent of the venture. However, ConocoPhillips holds a disproportionate economic interest in Borger for two years: 85 percent in 2007 and 65 percent in 2008. The venture will purchase and transport all feedstocks for the refineries and sell the refined products. ConocoPhillips serves as operator of the downstream venture.
ConocoPhillips’ fuels are marketed in the United States, Europe and Malaysia, primarily under the Phillips 66,® Conoco,® 76® and JET® brands. ConocoPhillips also 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.
Refining and Marketing FactsAs of Jan. 1, 2007
| U.S. Refineries: |
12 refineries |
| International Refineries: |
Seven refineries in five countries |
| Crude Processing Capability: |
U.S.: 2.0 MMBD, International: 0.7 MMBD |
| Key Products: |
Gasoline, diesel fuel, jet fuel, liquefied petroleum gas, base oils, lubricants, solvents, aviation gasoline, and premium and fuel-grade petroleum cokes |
| R&M Total Assets: |
$35.8 billion |
| Employees: |
20,267 (includes 8,013 retail store employees) |
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