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 trimmed its 2025 capital budget to $12.3–$12.6B, down from ~$12.9B, and reduced operating cost guidance to $10.7–$10.9B — yet kept production targets intact. This signals stronger capital discipline and efficiency gains, especially in the Eagle Ford and Alaska’s Willow project. A 5.7% rise in Q1 drilling activity vs. 2024 and standout contractor performance from H&P and Nabors reinforce the strategy: do more with less.

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.