Our History

Our history illustrates a relentless commitment to safety, a passion for innovation and an ability to adapt to a dynamic marketplace. From the earliest discoveries of oil and the revolutionary improvements that followed to the technological advances that altered the course of history, ConocoPhillips has a long history of improving life for people and communities.​​​



Dupont and Conoco begin separation talks. Both companies plan to pursue new corporate strategies: DuPont wants to transform into a life sciences company focused more on biotechnology and less on petrochemicals, and Conoco desires financial independence to make significant foreign oil and gas asset investments.

Oct. 22, 1998

Conoco officially separates from DuPont in the largest IPO in history at that time - nearly $4.4 billion. Conoco stock begins trading again, using a new symbol, "COC," that honors the name it had held for so many years - Continental Oil Company.



Phillips combines midstream business with Duke Energy Field Services, creating what is today DCP Midstream. Phillips and Chevron combine their chemicals and plastics operations, creating Chevron Phillips Chemical Company.

November, 2001

Conoco agrees to merge with Phillips Petroleum Co.

August, 2002

Conoco and Phillips officially merge, creating the sixth-largest publicly traded oil company in the world and the third-largest in the U.S. at the time. The new company, ConocoPhillips, is headquartered in Houston.



ConocoPhillips approves the Surmont Oil Sands Project in Canada and announces the first oil offshore project in Vietnam.


Sept. 29, 2004

ConocoPhillips and LUKOIL form a strategic alliance with strong support of both the Russian and U.S. governments.


ConocoPhillips announces museum plans for Conoco and Phillips Petroleum Co. in Ponca City and Bartlesville.



Dec. 21, 2005

ConocoPhillips announces plans to acquire Burlington Resources in $35.6 billion transaction.


ConocoPhillips purchases the Wilhelmshaven refinery in Wilhelmshaven, Germany, and U.K.-based Louis Dreyfus Refining and Marketing Limited.

The company also begins production of renewable diesel fuel at Whitegate Refinery in Cork, Ireland. The production process was developed by ConocoPhillips and uses soybean and other vegetable oils to produce renewable diesel fuel that meets European Union standards.



ConocoPhillips and Tyson Foods announce strategic alliance to produce next generation renewable diesel fuel created from beef, pork and poultry byproduct fat.


ConocoPhillips and Origin Energy create a long-term joint venture Australasian natural gas business focused on coal bed methane and liquefied natural gas (LNG) processing and sales.



ConocoPhillips and General Electric open a global water sustainability center in Qatar to examine ways of treating and recycling byproduct water from oil and gas production and refining operations, as well as other projects related to industrial and municipal water sustainability.



The board of directors of ConocoPhillips approves pursuing the separation of the company’s Refining & Marketing and Exploration & Production businesses into 2 stand-alone, publicly traded corporations, Phillips 66 and ConocoPhillips.

In a joint venture with General Electric and NRG Energy, ConocoPhillips creates Energy Technology Ventures to focus on the development of next-generation energy technologies for renewable power generation, smart grids, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels.

May 1, 2012

The repositioning of ConocoPhillips is complete, and the companies begin trading separately on the New York Stock Exchange. Ryan Lance is named chairman and chief executive officer of ConocoPhillips, the world’s largest independent exploration and production company based on production and reserves. There are over 16,000 employees in 30 countries.




November, 2012

The Gumusut well in offshore Malaysia begins producing oil.


More than half a million net acres added in deepwater Gulf of Mexico.

Eagle Ford annual production grows 144%, achieving peak daily rate of 103 Thousand Barrels Oil Equivalent per Day (MBOED.)

Oil sands production exceeds 100 MBOED in fourth quarter.