ConocoPhillips is a Houston-based multinational energy company specializing in the exploration, production and marketing of crude oil, natural gas and natural gas liquids. Established in 2002 through the separation of Conoco Inc. from Phillips Petroleum Company, the firm has since focused its operations on upstream activities, positioning itself as one of the world’s largest independent exploration and production (E&P) companies. ConocoPhillips maintains a strategic portfolio of conventional and unconventional assets, underpinned by a commitment to efficient resource development and technological innovation.
The company’s global asset base spans North America, Europe, Asia Pacific, Africa and the Middle East. In North America, ConocoPhillips holds core positions in key shale plays such as the Permian Basin, Eagle Ford and Bakken, as well as conventional fields in Alaska and Canada. International operations include deepwater projects offshore Norway, Australia and West Africa, along with partnerships to develop liquefied natural gas (LNG) ventures in emerging markets. Through these diversified holdings, ConocoPhillips seeks to balance its portfolio with a mix of lower-risk, long-life assets and higher-growth developments.
ConocoPhillips’ operations are supported by an integrated approach to asset management, combining seismic imaging, advanced drilling techniques and capital discipline to drive returns and manage risk. The company invests in its midstream infrastructure—such as pipelines and processing facilities—to optimize product flows and enhance operational reliability. ConocoPhillips also emphasizes environmental stewardship, implementing measures to reduce greenhouse gas emissions intensity, conserve water and protect biodiversity across its project sites.
Leadership at ConocoPhillips is headed by President and Chief Executive Officer Ryan M. Lance, who has guided the company since 2012. Under his tenure, ConocoPhillips completed the 2012 spin-off of its downstream and midstream businesses into Phillips 66, further sharpening its focus on exploration and production. The executive team combines decades of industry experience with a strategic vision aimed at sustaining long-term value for stakeholders while navigating the evolving global energy landscape.