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The intent of the L48 HSE application is to improve the accessibility of key HSE resources and tools for employees and contractors to make our way of doing work easier and safer.

EXPNow application is intended for use by pre-authorized ConocoPhillips employees and contractors only. This application provides information on weather conditions, flight statuses, and impassible roa

Maintaining an unwavering commitment to the safety of employees, contractors, and communities where we operate, with zero incidents as the ultimate goal.

Safety

Operating with the highest ethical standards, transparency, and accountability in all business dealings and stakeholder relationships.

Integrity

Fostering an inclusive culture that values diverse perspectives, treats all people with dignity, and supports communities where we operate.

Respect

Pursuing operational excellence and innovation to deliver superior results while maintaining disciplined capital allocation and cost management.

Excellence

Building strong partnerships across the private and public sectors to advance sustainable energy production and address shared challenges.

Collaboration

Managing environmental impacts responsibly, investing in emissions reduction technologies, and contributing to the energy transition while meeting global energy needs.

Stewardship

ConocoPhillips is one of the world's largest independent exploration and production companies, focused on exploring for, producing, transporting and marketing crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas worldwide.

ConocoPhillips Is Supplying a Bitcoin Miner with Gas from Bakken

ConocoPhillips signs $13.3B deal to sell oil, gas assets

Ryan M. Lance

Chairman and Chief Executive Officer

Bill Bullock, Jr.

Executive Vice President and Chief Financial Officer

Andy O'Brien

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

Nicholas J. Olds

Executive Vice President of Lower 48

Kirk Johnson

Senior Vice President of Global Operations

Kelly Rose

Senior Vice President, Legal, General Counsel and Corporate Secretary

Don Wallette

Executive Vice President

ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in the United States, Norway, Canada, Australia, Indonesia, Malaysia, Libya, China, and Qatar. The company's production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin, the Bakken Formation, the Gulf of Mexico and the Anadarko Basin. Approximately one-third of the company's U.S. production is in Alaska, where it has operations in the Cook Inlet Area, the Alpine oil field off the Colville River, and the Kuparuk oil field and Prudhoe Bay Oil Field on the Alaska North Slope. As of December 31, 2023, the company had proved reserves of 6,758 million barrels of oil equivalent, of which 46% was petroleum, 34% was natural gas, 14% was natural gas liquids and 6% was bitumen.

https://en.wikipedia.org/wiki/ConocoPhillips

ConocoPhillips produces crude oil from conventional and unconventional reservoirs across its global portfolio, with major production centers in the Permian Basin, Alaska North Slope, Eagle Ford, Bakken, and Canada. The crude oil product line generated $39.01 billion in revenue in fiscal 2024, representing the company's largest revenue stream.

Crude Oil Production

Natural gas production from onshore and offshore fields worldwide, including dry natural gas and associated gas from oil production. ConocoPhillips supplied Asian markets with approximately 0.34 trillion cubic feet of natural gas and LNG in 2024.

Natural Gas Production

ConocoPhillips operates equity LNG facilities in Australia (APLNG), Qatar (Qatargas 3, North Field East/South), and Equatorial Guinea, serving global markets with lower-emission energy. The company also holds a 30% stake in the Port Arthur LNG facility in Texas, scheduled to start up in 2027.

Liquefied Natural Gas (LNG)

Production of natural gas liquids including ethane, propane, butane, and natural gasoline extracted from natural gas streams across the company's operations, serving petrochemical and energy markets.

Natural Gas Liquids (NGLs)

Major producing assets including the Kuparuk oil field, Prudhoe Bay Oil Field, and Alpine oil field, plus the transformational Willow project under development. ConocoPhillips is the largest oil producer on Alaska's North Slope.

Alaska North Slope Operations

Extensive unconventional operations across approximately 1,057,000 net acres in the Delaware and Midland Basins spanning west Texas and southeast New Mexico. In 2024, ConocoPhillips operated 15 rigs and 4 frac crews, drilling 285 wells and bringing 262 wells online, producing 736,000 barrels of oil equivalent per day.

Permian Basin - Delaware & Midland

Unconventional oil and gas production from approximately 484,000 net acres in south Texas. The company operated 7 rigs and 2 frac crews in 2024, drilling 182 wells and producing 197,000 barrels of oil equivalent per day.

Eagle Ford Shale

Unconventional oil production from the Bakken formation in North Dakota, enhanced by the Marathon Oil acquisition which added complementary acreage and production volumes to ConocoPhillips' existing position.

Bakken Formation

Bitumen production from oil sands operations in western Canada, including the Surmont project using steam-assisted gravity drainage (SAGD) technology for efficient resource extraction.

Canada Oil Sands

ConocoPhillips holds 47.5% interest in APLNG, the largest producer of natural gas in eastern Australia. The facility routinely achieves over 99% reliability and can produce greater than 110% of nameplate capacity, having shipped over 1,000 LNG cargos to Asian markets. Expected to generate $1.3 billion in distributions to ConocoPhillips in 2024.

Australia Pacific LNG (APLNG)

ConocoPhillips reported full-year 2024 earnings of $9.2 billion or $7.81 per share, with Q4 production averaging 2,183 MBOED. The company announced 2025 guidance including capital expenditures of $12.9 billion, planned shareholder returns of $10 billion, and a first-quarter ordinary dividend of $0.78 per share payable March 3, 2025.

ConocoPhillips Reports Strong 2024 Results and Announces 2025 Guidance

ConocoPhillips completed its acquisition of Marathon Oil Corporation in an all-stock transaction valued at $22.5 billion including net debt. The acquisition adds 2 billion barrels of resources to ConocoPhillips' inventory in premier U.S. unconventional plays and is expected to deliver over $1 billion in annual run-rate synergies within 12 months.

ConocoPhillips Completes $22.5 Billion Marathon Oil Acquisition

ConocoPhillips announced third-quarter 2024 results and increased its quarterly ordinary dividend by 34% from $0.58 to $0.78 per share starting in Q4 2024. The company also increased its existing share repurchase authorization and reported Q3 earnings of $2.1 billion or $1.76 per share with production of 1,917 MBOED.

ConocoPhillips Increases Quarterly Dividend by 34%

ConocoPhillips began drilling at the federally approved Willow Project on Alaska's North Slope in September 2024, with initial drilling milestone achieved in December. The $7-8 billion project is estimated to hold 600 million barrels of oil and produce up to 180,000 barrels per day at peak, with first oil from the full project anticipated in 2029.

Willow Project Drilling Begins in Alaska with Initial Milestone Achieved

ConocoPhillips announced it would acquire Marathon Oil Corporation in an all-stock transaction with an enterprise value of $22.5 billion. The deal adds low cost of supply, complementary acreage in the Delaware Basin, Eagle Ford, and Bakken, with expected synergies exceeding $1 billion on a run-rate basis, representing a 14.7% premium to Marathon's closing share price.

ConocoPhillips Announces Marathon Oil Acquisition for $22.5 Billion

ConocoPhillips' Australia Pacific LNG joint venture achieved a significant milestone by shipping its 1,000th LNG cargo on April 17, 2024. APLNG is the largest producer of natural gas in eastern Australia and the liquefaction plant routinely achieves over 99% reliability and can produce greater than 110% of nameplate capacity.

Australia Pacific LNG Reaches 1,000 Cargo Milestone

ConocoPhillips reported first-quarter 2024 earnings per share of $2.15 and adjusted EPS of $2.03, with production averaging 1,902 MBOED. The company highlighted progress on major projects in Qatar, Texas, and Alaska, including LNG initiatives and continued development of the Willow project on Alaska's North Slope.

ConocoPhillips Reports Q1 2024 Results with Strong Production Growth

The worst energy crisis in history is on the horizon [very long post]

Major Reported Layoffs

ConocoPhillips says it will lay off up to 25% of its workforce, impacting thousands of jobs

ConocoPhillips says it will cut workforce by 20-25%, shares fall

ConocoPhillips to lay off Canada employees in November, company memo shows

Reuters exclusive: ConocoPhillips to layoff Canada employees in November, company memo shows

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CONOCOPHILLIPS

ConocoPhillips Petrozuata B.V., ConocoPhillips Hamaca B.V. and ConocoPhillips Gulf of Paria B.V. v. Bolivarian Republic of Venezuela, ICSID Case No. ARB/07/30, Decision on Annulment of 26 January 2025

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In Conversation with Dr Helen Currie, Chief Economist, ConocoPhillips

Isaac Blake founded the Continental Oil and Transportation Company (Conoco) in Ogden, Utah, to provide affordable kerosene to western communities, establishing one of the foundational companies that would eventually become ConocoPhillips.

Continental Oil and Transportation Company Founded

Brothers Frank and L.E. Phillips established Phillips Petroleum Company in Bartlesville, Oklahoma, quickly expanding operations throughout Oklahoma and building a reputation for innovation in natural gas processing and gasoline refining.

Phillips Petroleum Company Established

Conoco Inc. and Phillips Petroleum Company merged on August 30, 2002, creating ConocoPhillips, the world's sixth-largest publicly traded oil company and third-largest in the United States, with combined proved reserves exceeding 8 billion barrels of oil equivalent.

ConocoPhillips Formed Through Merger

ConocoPhillips completed the acquisition of Burlington Resources, significantly expanding its natural gas reserves portfolio and strengthening positions in western Canadian conventional and unconventional resource plays.

Burlington Resources Acquisition

On May 1, 2012, ConocoPhillips separated all downstream refining, marketing, midstream, and chemical operations into Phillips 66, an independent company headquartered in Houston. This strategic separation transformed ConocoPhillips into a pure-play upstream exploration and production company focused exclusively on oil and gas development.

Phillips 66 Spin-off - Transformation to Pure-Play E&P

Ryan M. Lance was appointed Chairman and Chief Executive Officer, leading ConocoPhillips through its transformation into an independent E&P company and establishing a returns-focused strategy emphasizing capital discipline and shareholder value creation.

Ryan Lance Appointed CEO

ConocoPhillips made significant investments in Qatar's North Field East and North Field South LNG joint ventures, securing long-term LNG supply agreements including contracts to supply up to 2 million tons per annum to Germany, strengthening the company's position in global LNG markets.

Qatar North Field LNG Investments

ConocoPhillips granted final approval for the $7-8 billion Willow oil development project on Alaska's North Slope, estimated to hold 600 million barrels of oil and produce up to 180,000 barrels per day at peak, representing one of the largest new U.S. oil developments in decades.

Willow Project Final Approval

ConocoPhillips' Australia Pacific LNG (APLNG) joint venture achieved a significant milestone by shipping its 1,000th LNG cargo on April 17, 2024, demonstrating the world-class performance of the facility, which routinely achieves over 99% reliability.

Australia Pacific LNG 1,000th Cargo Milestone

ConocoPhillips announced the acquisition of Marathon Oil Corporation in an all-stock transaction valued at $22.5 billion including $5.4 billion of net debt, adding 2 billion barrels of resources and complementary acreage in key U.S. unconventional basins.

Marathon Oil Acquisition Announced

ConocoPhillips began drilling operations at the Willow project site in September 2024, marking the start of major construction for this transformational Alaska North Slope development project. Initial drilling milestone achieved in December 2024.

Willow Project Drilling Commences

ConocoPhillips announced a 34% increase in its ordinary quarterly dividend from $0.58 to $0.78 per share starting in Q4 2024, reflecting strong cash flow generation and commitment to returning capital to shareholders.

Ordinary Dividend Increased 34%

ConocoPhillips completed the $22.5 billion acquisition of Marathon Oil on November 22, 2024, consolidating position as a leading independent E&P company with expected synergies exceeding $1 billion annually. The combined company operates approximately 2 billion barrels of additional resources in premier U.S. unconventional plays.

Marathon Oil Acquisition Completed

ConocoPhillips reported full-year 2024 earnings of $9.2 billion with production averaging 2,183 MBOED in Q4. The company announced 2025 capital expenditure guidance of $12.9 billion and planned shareholder returns of $10 billion, demonstrating continued financial strength and disciplined capital allocation.

2024 Full-Year Results and 2025 Guidance

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