ConocoPhillips (NYSE: COP)
Oil & Gas E&P · Houston, TX, United States · Founded 2002
- Market capitalization: $130.0 billion
- Annual revenue: $58.94 billion
- Net income: $7.99 billion
- Employees: 10,500
- Sector: Energy
- Headquarters: Houston, United States
- Founded: 2002
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ConocoPhillips is the world's largest independent exploration and production (E&P) company, focused exclusively on finding and producing oil and natural gas. Unlike integrated majors (Exxon, Chevron), ConocoPhillips doesn't operate refineries or gas stations. The company produces about 1.7 million barrels of oil equivalent per day from assets in the US (Permian Basin, Alaska, Eagle Ford), Norway, Canada, Australia, and Libya.
Pure upstream u2014 revenue comes entirely from selling crude oil, natural gas, and natural gas liquids. Profitability is directly tied to commodity prices. The company focuses on low-cost production and returning cash to shareholders. ConocoPhillips has committed to returning over $9 billion annually through dividends and buybacks. The $22.5 billion Marathon Oil acquisition (2024) added significant Permian and Eagle Ford assets.
ConocoPhillips was formed from the 2002 merger of Conoco and Phillips Petroleum. The company spun off its downstream (refining) business as Phillips 66 in 2012, becoming a pure E&P company. The $13.3 billion Concho Resources acquisition in 2021 made ConocoPhillips the largest Permian Basin producer. The Marathon Oil deal in 2024 further consolidated its position.
| Market Capitalization | $130.0B |
| Annual Revenue | $58.94B |
| Net Income | $7.99B |
| Profit Margin | 14% |
| Revenue per Employee | $5613333K |
| Stock Exchange | NYSE |
| Ticker Symbol | COP |
Financial data is approximate and based on most recent annual filings.
Phillips Petroleum discovered the massive Ekofisk oil field in the North Sea in 1969. ConocoPhillips' Alaska operations include the massive Willow project on the North Slope, which was controversial among environmentalists. The company's breakeven oil price is among the lowest in the industry. ConocoPhillips has been one of the most disciplined capital allocators in the energy sector.
ConocoPhillips is the best-run pure E&P company in the world u2014 the low-cost asset base and disciplined capital returns make it the cleanest way to bet on oil prices.
What is ConocoPhillips's revenue?
ConocoPhillips generates approximately $58.94 billion in annual revenue.
How many employees does ConocoPhillips have?
ConocoPhillips employs approximately 10,500 people worldwide.
What is ConocoPhillips's market cap?
ConocoPhillips (COP) has a market capitalization of approximately $130.0 billion on the NYSE.
When was ConocoPhillips founded?
ConocoPhillips was founded in 2002 and is headquartered in Houston, TX, United States.
Who is the CEO of ConocoPhillips?
Ryan Lance is the current CEO of ConocoPhillips.
What is ConocoPhillips's website?
ConocoPhillips's official website is conocophillips.com.
| CEO | Ryan Lance |
| Sector | Energy |
| Industry | Oil & Gas E&P |
| Founded | 2002 |
| HQ | Houston, TX |
| Country | United States |
| Website | conocophillips.com |
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