ConocoPhillips
American multinational hydrocarbon exploration and production company.
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
- field
- Hydrocarbon exploration and production
- nationality
- American
- known_for
- Major oil and gas producer; spin-off of Phillips 66; operations in 15 countries
- headquarters
- Energy Corridor district, Houston, Texas
- proved_reserves_2023
- 6,758 million barrels of oil equivalent
- fortune_500_rank
- 75th
Lore & Background
and Phillips Petroleum Company merged to form ConocoPhillips, with Houston selected as the headquarters. The company has faced legal disputes, including a 2019 World Bank ruling that Venezuela must pay $8.7 billion for expropriation of oil assets.
Reader's Guide
The company's operations in 15 countries, including major production in the United States, Norway, and Australia, underscore its global reach. Its legal battles with Venezuela and Ecuador, as well as its acquisitions and divestitures, reflect its strategic evolution in a volatile industry.
Frequently Asked Questions
What is ConocoPhillips?
ConocoPhillips is an American multinational corporation dedicated to finding and extracting oil and natural gas. It runs operations in 15 countries and is widely regarded as one of the leading names in the global energy industry.
Where is ConocoPhillips headquartered?
The company's corporate headquarters is located in the Energy Corridor district of Houston, Texas.
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