ConocoPhillips logo

ConocoPhillips(COP)

Leader

Largest independent E&P with 2M BOE/day; $22.5B Marathon Oil acquisition 2024; $40/bbl breakeven portfolio; LNG optionality through APLNG and Port Arthur; NYSE: COP.

80
AI Score
Grade A
AI Visibility Score (Beta)
Climate & EnergyEnterpriseCOPWebsiteUpdated October 2026

Brand Intelligence Graphcompany

Company Overview

About ConocoPhillips

ConocoPhillips is one of the world's largest independent exploration and production companies, tracing its roots to Continental Oil Company (Conoco) founded in 1875 and Phillips Petroleum founded in 1905, merging to form ConocoPhillips in 2002. Headquartered in Houston, Texas and trading on NYSE (COP), the company generated approximately $55.2 billion in total revenues for FY2024 and produces roughly 2.0 million barrels of oil equivalent per day across its diversified global portfolio. Under CEO Ryan Lance, ConocoPhillips completed the transformational acquisition of Marathon Oil in November 2024 for approximately $22.5 billion, adding significant Permian Basin, Eagle Ford, and Bakken acreage and reinforcing COP's position as the dominant large-cap independent E&P.

Business Model & Competitive Advantage

ConocoPhillips distinguishes itself through a low cost of supply strategy, targeting a portfolio where over half of its resources break even below $40 per barrel WTI, providing resilience through oil price cycles. Core operating areas include the Permian Basin, Eagle Ford Shale, Bakken, and Alaska (one of the most prolific U.S. onshore producers at Kuparuk and Alpine fields), plus significant international positions in Norway, the UK, Qatar LNG, Malaysia, and Canada's Montney formation. The company has built LNG optionality through its 30% stake in Australia Pacific LNG and an equity stake in Port Arthur LNG on the U.S. Gulf Coast, positioning COP to benefit from growing global natural gas demand through 2030-2035.

Competitive Landscape 2025–2026

In 2025-2026, ConocoPhillips is the dominant large-cap independent E&P, competing with integrated majors ExxonMobil (XOM) and Chevron (CVX) for Permian Basin supremacy following ExxonMobil's $60B Pioneer acquisition and Chevron's acquisition of Hess. The Marathon Oil deal added approximately 2 billion BOE of proved reserves and $1 billion in annual synergies. ConocoPhillips' capital return framework—targeting 9 to 10 billion dollars annually in dividends and buybacks through the cycle—emphasizes returning cash over growth for growth's sake, a discipline that has rewarded shareholders with consistent total returns despite commodity price volatility.

Founded
2002
Headquarters
Houston, Texas, United States
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The ConocoPhillips Story

Founded in 2002
Houston, Texas, United States
Founded by Merger of Conoco Inc. and Phillips Petroleum Company

Founders

Merger of Conoco Inc. and Phillips Petroleum Company

Recent Activity

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Company Timeline

Major milestones in ConocoPhillips's journey

14
Total Events
3
Acquisitions

Leadership Team

Meet the leaders behind ConocoPhillips

Ryan M. Lance

Chairman and Chief Executive Officer

Ryan Lance has served as Chairman and CEO of ConocoPhillips since 2012, leading the company's transformation into a pure-play independent E&P company. A petroleum engineer with over four decades of oil and gas industry experience, Lance has held senior management and technical positions with ConocoPhillips, predecessor Phillips Petroleum, and various divisions of ARCO. Under his leadership, ConocoPhillips has become an industry leader in shareholder returns and capital discipline.

Bill Bullock, Jr.

Executive Vice President and Chief Financial Officer

Bill Bullock served as Executive Vice President and Chief Financial Officer through 2024, leading ConocoPhillips' finance organization including treasury, tax, investor relations, and strategic financial planning. He played a key role in executing major acquisitions and optimizing the company's capital structure.

Andy O'Brien

Chief Financial Officer and Executive Vice President, Strategy & Commercial (as of June 2025)

Andy O'Brien was promoted to CFO and Executive Vice President in June 2025, having previously served as Senior Vice President of Strategy, Commercial, Sustainability, and Technology. Prior to that role, he was Senior Vice President of Global Operations from 2022 to 2024, bringing deep operational and strategic expertise to the finance function.

Nicholas J. Olds

Executive Vice President of Lower 48

Nick Olds leads ConocoPhillips' Lower 48 operations, overseeing the company's substantial unconventional assets in the Permian Basin (Delaware and Midland), Eagle Ford Shale, and Bakken formation. He is responsible for driving operational excellence and capital efficiency across the company's largest production base.

Kirk Johnson

Senior Vice President of Global Operations

Kirk Johnson oversees ConocoPhillips' global operations portfolio, including Alaska, international assets, and LNG projects. He is responsible for operational safety, reliability, and performance across the company's diversified asset base spanning 14 countries.

Kelly Rose

Senior Vice President, Legal, General Counsel and Corporate Secretary

Kelly Rose serves as the company's chief legal officer, overseeing all legal affairs, regulatory compliance, governance matters, and risk management. She provides strategic counsel on major transactions, regulatory matters, and corporate governance.

Don Wallette

Executive Vice President

Don Wallette serves as an Executive Vice President at ConocoPhillips, contributing to strategic decision-making and operational leadership across the organization's global portfolio.

Key Differentiators

Market Leader

ConocoPhillips is recognized as a market leader in the Energy & Utilities sector, demonstrating strong industry presence and customer trust.

Frequently Asked Questions

Estimated Visibility Trend (Beta)

Simulated 8-week rolling score

80
→ Stable

Based on estimated brand signals. Historical tracking coming soon.

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