ConocoPhillips to Acquire Concho Resources in All-Stock Transaction

ConocoPhillips to Acquire Concho Resources in All-Stock Transaction

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Worldwide Operations

ConocoPhillips is one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas.

15
countries
9,800
employees
Alaska
Argentina
Australia
Canada
China
Colombia
Houston
Indonesia
Libya
Lower 48
Malaysia
Norway
Qatar
Map Key
Exploration
Production
Exploration and Production
Headquarters
Exploration and Production

Alaska

ConocoPhillips is Alaska’s largest crude oil producer and the largest owner of exploration leases, with approximately 1.3 million net undeveloped acres at year-end 2019.

Exploration

Argentina

In 2019, ConocoPhillips received provincial government approval for a nonoperated 50 percent participating interest in the El Turbio Este exploration block in the Santa Cruz province of Argentina covering approximately 0.8 million gross acres.

Exploration and Production

Canada

The company’s Canadian operations are comprised primarily of oil sands assets in the Athabasca region of northeastern Alberta and unconventional development in western Canada.

Exploration

Colombia

ConocoPhillips is concentrating on international exploration opportunities that provide both scale and flexibility, with international new venture activity ongoing in Chile and Colombia.

Headquarters

Houston

ConocoPhillips, headquartered in Houston, Texas, is one of the world’s largest independent exploration and production (E&P) companies.

Exploration and Production

Indonesia

ConocoPhillips has had a presence in Indonesia for more than 45 years. The company currently operates two onshore blocks, the Corridor Block PSC in South
Sumatra and the Kualakurun PSC in Central Kalimantan.

Exploration and Production

Lower 48

The Lower 48 represents the largest segment in ConocoPhillips today based on production. The company has high-quality positions in the North American unconventionals, which are low cost of supply assets with significant upside potential.

Exploration and Production

Malaysia

ConocoPhillips' involvement in Malaysia began in 2000 and consists of interests in six blocks in varying stages of exploration, development and production.

Exploration and Production

Norway

ConocoPhillips has a significant production and exploration position in the Norwegian sector of the North Sea.

Production

Qatar

An integrated project between ConocoPhillips and Qatar Petroleum, Qatargas 3, is a large-scale LNG project in Ras Laffan Industrial City, Qatar.