About ConocoPhillips
Our Businesses
The company has four core activities worldwide:- Petroleum exploration and production.
- Petroleum refining, marketing, supply and transportation (refining and marketing business sector).
- Natural gas gathering, processing and marketing, including a 50 percent interest in DCP Midstream, LLC.
- Chemicals and plastics production and distribution through a 50 percent interest in Chevron Phillips Chemical Company LLC.
- Gaining a 20 percent equity interest in LUKOIL, an international energy company, allowing the joint development of a major Russian oil field.
- Acquiring Burlington Resources, which increased our energy production and reserves and made us North America’s largest nongovernment producer of natural gas. New regions that Burlington added to the ConocoPhillips portfolio include Algeria, Peru, the East Irish Sea and the Dutch North Sea.
- Creating an integrated heavy oil venture with EnCana Corporation to produce Canada’s oil sands resources.
- Returning to Libya after a 19-year absence, a measure that added to our reserves, production and exploration potential.
- Beginning operation of a liquefied natural gas (LNG) project in Australia and commencing construction of a world-scale LNG project in Qatar.
- Expanding our European refining presence through the purchase of a large refinery and associated assets in Wilhelmshaven, Germany.
- Acquiring partial interest in the planned 1,663-mile Rockies Express Pipeline (REX) project. The $4.4 billion pipeline, a joint venture of Kinder Morgan Energy Partners, Sempra Pipelines and Storage and ConocoPhillips, will be one of the largest natural gas pipelines constructed in North America.
