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COP

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ConocoPhillips

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Description

ConocoPhillips is an independent upstream energy company that explores, develops and produces crude oil, natural gas, natural‑gas liquids and bitumen, and markets these hydrocarbons worldwide. It operates in the energy sector’s exploration and production (E&P) segment, with assets in North America, Europe, the Middle East, Africa and Asia‑Pacific. The firm is one of the largest pure‑play E&P companies, known for a diversified geographic portfolio and a strong presence in major basins such as the Permian. Its business model relies on extracting, processing and selling hydrocarbons as well as participating in liquefied natural gas (LNG) equity‑linked arrangements. Notable characteristics include the 2012 spin‑off of its downstream business into Phillips 66 and recent acquisitions that have expanded its production base.

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