ConocoPhillips is the second-largest refiner in the United States, with crude oil processing capacity of approximately 2.0 MMBD, and the world’s fourth-largest nongovernment-controlled refiner, with crude oil processing capacity of nearly 2.7 MMBD globally.

The company’s 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 businesses upgrade crude oil and other feedstocks into higher-value petroleum products, including gasoline, diesel fuel, jet fuel, lubricants, coke and other specialty products.

During 2007, ConocoPhillips and Encana Corp. (now Cenovus) formed a joint venture, WRB Refining LLC, to provide Encana (now Cenovus) with 50 percent interest in two ConocoPhillips facilities, the Wood River Refinery in Roxana, Ill., and the Borger Refinery in Borger, Texas. Plans are to expand heavy-oil processing capacity and throughput at these facilities by 2011.

The company’s products are sold at approximately 9,900 retail and wholesale outlets around the world, primarily under the Phillips 66®, Conoco® and 76® brands in the United States and the JET® brand in Europe.

ConocoPhillips owns or leases transportation assets – pipelines and terminals, marine and inland vessels, railcars, and trucks – to bring crude oil and feedstock to its refineries and to carry refined products to market. 

Refining and Marketing Facts