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ConocoPhillips is a major independent E&P company specializing in oil, natural gas, and LNG production across multiple international markets.
ConocoPhillips is a leading independent exploration and production (E&P) company involved in exploring, producing, transporting, and marketing crude oil, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs) globally. With a significant presence across 13 countries, the company operates diverse assets, including unconventional resource plays in North America and conventional fields in Europe, Asia, and Africa. The company produced approximately 1,826 MBOED in total in 2023 and had total assets valued at about $96 billion, employing around 9,900 people worldwide.
The business model of ConocoPhillips revolves around managing its operations through six geographical segments—Alaska, Lower 48 (U.S. mainland), Canada, Europe/Middle East/North Africa, Asia Pacific, and Other International. Each segment focuses on leveraging the company's expertise to optimize production efficiency and enhance profitability. With a mix of conventional and unconventional resources, including prominent ownership interests in North America's largest oil fields, ConocoPhillips is strategically positioned to capitalize on energy demands globally while focusing on sustainable and efficient practices.
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