Conocophillips

Website

Address

925 N. Eldridge Parkway

Houston, TX (77079-2703)

281-293-1000

Company Description

ConocoPhillips is a multinational energy corporation and one of the world’s largest independent oil and gas exploration and production companies. The company primarily focuses on the exploration, production, transportation, and marketing of crude oil, bitumen, natural gas, natural gas liquids (NGLs), and liquefied natural gas (LNG)

Resent News

ConocoPhillips agreed to buy 4 million tonnes per year of LNG for 20 years from Sempra’s planned Port Arthur LNG Phase 2 project in Texas. The deal helps ConocoPhillips reliably supply natural gas to customers around the world. It builds on their 2022 Phase 1 partnership (5 MTPA plus a 30% stake, targeting 2027 start-up), while Phase 2 is still awaiting final approval and ConocoPhillips will be an offtaker only.

Operations

Texas: ConocoPhillips’ activity in Texas is significant, aligning with their major operations in the Permian Basin, which is a strategic focus for the company.

New Mexico: New Mexico is a key area within the Permian Basin, a primary focus for ConocoPhillips. The fields within New Mexico, though not fully detailed here, would typically include parts of Lea and Eddy counties, where much of the Permian activity is centered.

North Dakota: ConocoPhillips’ operations in North Dakota, specifically in the Bakken Shale, play a significant role in their U.S. oil production.

Alaska: ConocoPhillips is the largest oil producer in Alaska, primarily operating in the North Slope region. Key assets include fields such as Kuparuk River Unit, one of the largest oil fields in North America, and the nearby Alpine Field.