ConocoPhillips - Company Profile
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Business Description
ConocoPhillips is an independent upstream oil and gas company. Its product portfolio includes crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The company operates through six reportable geography segments: Alaska; Lower 48; Canada; Europe, Middle East & North Africa; Asia Pacific; and Other International. Its other segments include Corporate and Other which carry out marketing and technology activities. ConocoPhillips continues to strive to enhance its exploration and development activities in China, Canada, Norway, Argentina, Alaska and Lower 48. In FY2024, the company’s capital expenditure stood at US$12,118 million and grew 7.7% YoY. It has operations in 14 countries.
Product Categories
Performance
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Performance
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Performance
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Performance
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Geographical Segments
- Alaska
- Asia Pacific
- Canada
- Corporate and Other
- Europe, Middle East and North Africa
- Lower 48
- Other International
Overview
Explores for, produces, transports and markets crude oil, natural gas and NGLs. Focuses on North Slope with interests in two major oil fields, Prudhoe Bay and Kuparuk. Polar Tankers Inc, a wholly owned subsidiary, manages the marine transportation of North Slope production, using five owned, double-hulled tankers, and charters third-party vessels. Holds 29.5% stake in Trans-Alaska Pipeline System (TAPS) for transportation of petroleum liquids produced on the North Slope to Valdez, Alaska. Holds ownership interests in the Alpine, Kuparuk and Oliktok pipelines on the North Slope. In FY2024, the segment incurred a capital expenditure of US$3,194 million, which grew 87.3% YoY.
Performance
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Overview
Carries out exploration and production operations in China, Malaysia and Australia. Major producing assets in Australia include Australia Pacific LNG and Bayu-Undan. Assets in China include working interest in Penglai (49%) and Panyu projects. Assets in Malaysia include working interests in Gumusut (29%), Malikai (35%), Kebabangan (30%) and Siakap North-Petai (21%). In FY2024, the segment incurred a capital expenditure of US$370 million, which grew 4.5% YoY.
Performance
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Overview
Operations include Surmont oil sands development in Alberta and a liquids-rich Montney unconventional play in British Columbia. Exploration focuses on assessing Montney acreage. In FY2024, the segment incurred a capital expenditure of US$551 million, which grew 20.8% YoY.
Performance
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Overview
Includes marketing activities, technology programs and energy partnerships. Manages worldwide commodity portfolio, which includes natural gas, crude oil, bitumen, NGLs and LNG. In FY2024, the segment incurred a capital expenditure of US$472 million, which declined 58.4% YoY.
Performance
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Overview
Conducts operations and exploration in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar and Libya. Produces assets in Norway region including Greater Ekofisk Area, Aasta Hansteen, Heidrun, Alvheim, Visund and Troll. Owns 35.1% interest in the Norpipe Oil Pipeline System, a 220-mile pipeline, for the transportation of crude oil. Owns 20.4% working interest in Waha Concession in Libya and 30% interest in QG3 in Qatar. In FY2024, the segment incurred a capital expenditure of US$1,021 million, which declined 8.1% YoY.
Performance
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Overview
Includes operations in the contiguous United States and the Gulf of Mexico. Operates condensate processing facilities in Texas and New Mexico. Focuses on Gulf Coast and Great Plains. In FY2024, the segment incurred a capital expenditure of US$6,510 million, which grew 0.4% YoY.
Performance
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Overview
Manages exploration activities in Colombia and Argentina. Assets in Colombia include 80% interest in the Middle Magdalena Basin Block VMM-3.
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