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ConocoPhillips
ConocoPhillips is an independent exploration and production company in the energy sector. It explores, produces, transports, and markets crude oil, natural...
ConocoPhillips
ConocoPhillips is an independent exploration and production company in the energy sector. It explores, produces, transports, and markets crude oil, natural gas, and LNG. The company is headquartered in Houston, Texas, and was founded in 2002.
General information
Firm type
Oil & Gas Exploration and Production
Year founded
2002
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Additional offices
San Francisco, CA, United States · Naperville, IL, United States · San Ramon, CA, United States
Principals
Ryan Lance
Chairman and Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at ConocoPhillips?
Ryan Lance is Chairman and CEO, responsible for strategic capital allocation. The investment decisions are overseen by the board and executive committee. The firm's management team has maintained a focus on shareholder returns and operational efficiency (per the firm's 2024 annual report).
Does ConocoPhillips operate as a single family office?
No, ConocoPhillips is a publicly traded corporation, not a family office. It issues common stock listed on the NYSE under ticker COP. The firm's ownership is distributed among institutional and retail investors.
What investment stages does ConocoPhillips typically target?
ConocoPhillips invests primarily in upstream oil and gas exploration and production, including development wells and infrastructure. It does not typically invest in early-stage venture or private equity deals. The firm acquired Marathon Oil in 2024 for $7B (per Reuters, May 2024).
Which sectors does ConocoPhillips explicitly avoid?
The firm does not invest in downstream refining or petrochemicals, unlike integrated peers such as ExxonMobil. It also does not invest in renewable energy projects to a significant degree, focusing on its core oil and gas business.
How is ConocoPhillips related to its founding companies?
ConocoPhillips was formed via the 2002 merger of Conoco Inc. and Phillips Petroleum. The brand retains the legacy of both firms, which date back to 1875 (Phillips) and 1870 (Conoco). The company is now a standalone E&P firm.
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