Our History

A long and proud history of finding and producing oil and gas.

Present-2020

2021

timeline

ConocoPhillips Acquires Concho Resources

January 15, 2021 - The transaction vastly expands the company’s presence in the Permian, the world’s largest oil field, adding substantial resources and strengthening its competitive advantages in unconventional development.

ConocoPhillips | Concho Resources

2020

timeline Leiv Eiriksson Rig

Two Oil Discoveries in Norwegian Sea

November/December 2020 – Two discoveries occur near the Heidrun Field; one estimated to contain 75-to-200 million barrels of recoverable oil equivalent, and the other containing gas condensate. Both are to be evaluated for possible development.

   

MontneyMontney Acreage Added

August 21, 2020 – ConocoPhillips acquires 140,000 net acres in this liquids-rich play, increasing our position to 295,000 net acres.

 

 

Sale of Australia-West Interests Completed

May 27, 2020 – Completion of the sale to Santos of subsidiaries that held our Australia-West assets and operations.

   

Response to COVID-19/Oil Market Downturn

March – April 2020 – Due to rapid changes in the market, we temporarily curtail much of our Lower 48 and Western Canada production, reduce capital and operating costs and suspend share repurchases. Curtailments later end in mid-2020 and repurchases resume in 2021.

2020

timeline

PermianSale of Two Lower 48 Assets Completed

March 2020 – Second-quarter production from Eagle Ford, Bakken and Permian reaches record 367,000 BOPD.

NEXT: 2019-2010