ConocoPhillips
ConocoPhillips is a global energy company headquartered in Houston, Texas, engaged in the exploration, development, and production of oil, natural gas, and LNG, operating across 13 countries and listed on the NYSE as 'COP'.
Company Overview
ConocoPhillips is a major energy company headquartered in Houston, Texas, and is listed on the New York Stock Exchange under the ticker symbol 'COP'. The company engages in the exploration, development, and production of crude oil, natural gas, and liquefied natural gas (LNG). ConocoPhillips operates in 13 countries and manages its operations through six geographic segments: Lower 48, Asia Pacific, Europe, Middle East and North Africa, Alaska, Canada, and Other International. The company's commitment to safety, health, and environmental stewardship is reflected in its detailed annual sustainability reports.
Global Operations
ConocoPhillips has a significant presence across the globe, operating in regions such as the Lower 48 in the United States, which is its largest business segment based on production. Internationally, it holds interests in the Waha Concession in Libya's Sirte Basin, and has notable operations in the Norwegian sector of the North Sea and producing fields in Bohai Bay and the South China Sea. Additionally, the company is involved in Australia Pacific LNG operations in Queensland and the Qatargas 3 LNG project. ConocoPhillips also explores new venture opportunities in countries like Chile and Colombia.
Lower 48 Segment
Lower 48 is ConocoPhillips' largest business segment based on production. This segment includes extensive operations and assets within the contiguous United States, making it a crucial component of the company's overall portfolio. The Lower 48's impactful contribution underscores its strategic importance and positions it at the heart of ConocoPhillips' production capabilities.
International Exploration
ConocoPhillips actively engages in international exploration to discover new resources and expand its production capabilities. The company currently pursues new venture activities in Chile and Colombia, aiming to identify and develop new opportunities in these regions. These international exploration efforts are part of ConocoPhillips' broader strategy to enhance global operations and diversify its portfolio.
Sustainability Initiatives
ConocoPhillips is committed to sustainability and places a high priority on safety, health, and environmental stewardship. The company provides detailed annual sustainability reporting to maintain transparency and accountability. Additionally, ConocoPhillips offers a custom sustainability report builder on its website, allowing stakeholders to access specific information regarding its environmental and social performance. These initiatives reflect the company's dedication to sustainable practices in the energy sector.