ConocoPhillips uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of ConocoPhillips’ operations. The company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates.
ConocoPhillips is an international, integrated energy company. As of Dec. 31, 2010, it is the third-largest U.S. integrated energy company, based on market capitalization, as well as proved reserves and production of oil and natural gas, and the largest refiner in the United States. ConocoPhillips is the seventh-largest holder of proved reserves and the fourth-largest refiner worldwide, of nongovernment-controlled companies.
Headquartered in Houston, Texas, ConocoPhillips operates in more than 30 countries.
As of March 31, 2011, the company had approximately 29,600 employees worldwide and assets of $160 billion. ConocoPhillips stock is listed on the New York Stock Exchange under the symbol COP. Market capitalization as of March 31, 2011, was approximately $113 billion.
The company has four core activities:
- Petroleum exploration and production.
- Natural gas gathering, processing and marketing, including a 50 percent interest in DCP Midstream, LLC.
- Petroleum refining, marketing, supply and transportation.
- Chemicals and plastics production and distribution through a 50 percent interest in Chevron Phillips Chemical Co. LLC.
In addition, the company is investing in several emerging businesses that provide current and future growth opportunities. These efforts include development of integrated power generation and technology projects to support Exploration and Production (E&P) and Refining and Marketing (R&M).
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