ConocoPhillips

File:Isaac Blake.png.|left]]

In 1875, the "Continental Oil and Transportation Company" (acronym "Conoco") was founded in Ogden, Utah by Isaac Blake.{{Cite book |last=Vassiliou |first=Marius S. |title=Historical Dictionary of the Petroleum Industry |publisher=Rowman & Littlefield |year=2018 |isbn=978-1-5381-1160-4 |location=Lanham, MD |pages=xxix |language=en}} In 1885, Conoco was reincorporated as part of Standard Oil.{{Cite book |last=Vassiliou |first=Marius S. |title=The A to Z of the Petroleum Industry |publisher=Scarecrow Press |year=2009 |isbn=978-0-8108-7066-6 |location=Lanham, MD |pages=xxxiii |language=en}} After the Supreme Court of the United States dissolved Standard Oil, Conoco became independent in 1913.{{Cite web |title=1929-1910 |url=https://www.conocophillips.com/about-us/our-history/1929-1910/ |access-date=2024-10-10 |website=ConocoPhillips |language=en}}

By 1929, it had become a fully integrated oil company.{{cite web| url=https://www.corp-research.org/conocophillips |title=ConocoPhillips and Phillips 66: Corporate Rap Sheet |work=Corporate Research Project}} The company was a coal, oil, kerosene, grease and candles distributor in the West.

In 1929, Conoco merged with the Marland Oil Company.{{cite web |url=https://www.okhistory.org/publications/enc/entry.php?entry=MA026 | title=Marland Oil Company |work=Oklahoma Historical Society}}

Marland Oil Company, founded by exploration pioneer E. W. Marland, later acquired the assets of Continental Oil Co.. On June 26, 1899, Marland Oil changed its name to Continental Oil Co. and moved its headquarters to Fargo, North Dakota. The acquisition gave Conoco the red bar-and-triangle logo previously used by Marland. Conoco used the logo between 1930 and 1970, when the current red capsule logo was adopted.{{cite web |url=https://aoghs.org/this-week-in-petroleum-history/may-2-2/ |title=This Week in Petroleum History, April 29 – May 5 |work=American Oil & Gas Historical Society}} Conoco was based in Ponca City until 1949, when it moved to Houston, Texas.

In 1998, Conoco acquired an interest in 10.5 blocks in the Kashagan Field in the Caspian Sea off Kazakhstan through the North Caspian Sea Production Sharing Agreement (NCSPSA). On November 26, 2012, in its largest acquisition ever, ONGC Videsh agreed to buy ConocoPhillips' 8.4% stake in the Kashagan oilfield for approximately US$5 billion.{{cite news |title=Indian OVL to Buy ConocoPhillips's Stake in Kashagan Field | url=http://gca.satrapia.com/indian-ovl-to-buy-conocophillipss-stake-in-kashagan-field |newspaper=The Gazette of Central Asia |date=27 November 2012}}

File:ConocoPhilHQAerial2002.png

On August 30, 2002, Conoco Inc. and Phillips Petroleum Company, whose headquarters were in nearby Bartlesville, Oklahoma merged into ConocoPhillips.{{cite web |url=http://edgar.secdatabase.com/2323/89882202001082/filing-main.htm |title=ConocoPhillips, Form 8-K12G3 | date=August 30, 2002 |publisher=secdatabase.com}} By January 2002, the groups organizing the merger had selected Houston as the site of the headquarters. The merger brought the two companies' expertise together, allowing the new company to develop megaprojects involving remote natural gas supplies.{{Cite book |title=Exploring the Skyrocketing Price of Oil: Hearing Before the Committee on the Judiciary, United States Senate, One Hundred Tenth Congress, Second Session, May 21, 2008 |publisher=U.S. Government Printing Office |year=2008 |isbn=978-0-16-081871-4 |location=Washington, D.C. |pages=142 |language=en}} Governor of Oklahoma Frank Keating said that the move to Houston was "regrettable".{{cite news | url=https://tulsaworld.com/archive/phillips-conoco-merger-keating-fails-in-effort-to-keep-headquarters/article_52d0cc20-b6e5-53a8-ad17-7a468b314b6a.html | title=Phillips/Conoco Merger: Keating fails in effort to keep headquarters | first=Brian | last=Ford | work=Tulsa World | date=January 23, 2002}}

In September 2004, the company invested $2 billion in Lukoil.{{cite news | url=https://www.nytimes.com/2004/09/29/business/worldbusiness/conocophillips-buys-2-billion-stake-in-lukoil.html | title=ConocoPhillips Buys $2 Billion Stake in Lukoil | work=The New York Times | date=September 29, 2004| url-access=subscription}}

In March 2006, ConocoPhillips acquired Wilhelmshavener Raffineriegesellschaft mbH, based in Germany.{{cite web| url=http://pdf.secdatabase.com/1662/0000950129-06-003485.pdf |title=ConocoPhillips, Form 8-K, Current Report | date=March 31, 2006 |publisher=secdatabase.com }} It also acquired Burlington Resources for $35 billion in cash and stock.{{cite news | url=https://www.nytimes.com/2005/12/13/business/worldbusiness/conoco-completes-deal-for-burlington.html | title=Conoco completes deal for Burlington | work=The New York Times | date=December 13, 2005| url-access=subscription}}{{cite press release | url=https://www.businesswire.com/news/home/20060331005484/en/ConocoPhillips-Completes-Acquisition-Burlington-Resources | title=ConocoPhillips Completes Acquisition of Burlington Resources | publisher=Business Wire | date=March 31, 2006}}

On May 10, 2006, Richard Armitage, former deputy-secretary of the U.S. State Department, was elected to the board of directors of the ConocoPhillips oil company.{{cite web | url=http://pdf.secdatabase.com/2895/0001104659-06-051130.pdf |title=ConocoPhillips, Form 10-Q, Quarterly Report | date=August 3, 2006 |publisher=secdatabase.com}}

On July 14, 2011, ConocoPhillips announced its intent to separate the company's upstream and downstream businesses into two stand-alone, publicly traded corporations, with the intent of maximizing shareholder value.{{cite news |url=https://money.cnn.com/2011/07/14/news/companies/conocophillips_spilt/index.htm |title=ConocoPhillips to form two companies |first=Ben |last=Rooney | work=CNN |date=July 14, 2011}} On May 1, 2012, all midstream, downstream, marketing and chemical operations were separated into a new company named Phillips 66, headquartered in Houston.{{cite web |url=http://edgar.secdatabase.com/1977/119312512204210/filing-main.htm |title=ConocoPhillips, Form 8-K, Current Report | date=May 2, 2012 |publisher=secdatabase.com}} As a result, ConocoPhillips continued its operations as an upstream (exploration and production) company.{{cite news |url=https://www.marketwatch.com/story/phillips-66-shares-debuting-on-nyse-2012-05-01 |title=Phillips 66 shares debuting on NYSE | first=Steve | last=Gelsi | work=MarketWatch |date=May 1, 2012}}{{Cite press release | url=https://investor.phillips66.com/financial-information/news-releases/news-release-details/2012/Phillips-66-Debuts-as-Advantaged-Downstream-Company/default.aspx | title=Phillips 66 Debuts as Advantaged Downstream Company | publisher=Phillips 66 | date=May 1, 2012}}

In April 2012, ConocoPhillips sold its Trainer Refinery to Monroe Energy LLC, a subsidiary of Delta Air Lines.{{cite news| url=https://www.bloomberg.com/news/2012-06-15/delta-ceo-says-airline-to-pressure-prices-as-jet-fuel-seller-1-.html | work=Bloomberg | first1=Paul | last1=Burkhardt | first2=Mary | last2=Schlangenstein | title=Delta CEO Says Airline to Pressure Prices as Jet Fuel Seller |date=June 15, 2012}}

In May 2012, ConocoPhillips completed the corporate spin-off of its downstream assets as Phillips 66.{{cite news| url=https://www.reuters.com/article/us-conoco-phillips-66/conocophillips-completes-spinoff-of-refining-business-idUSBRE8400U120120501 |title=ConocoPhillips completes spinoff of refining business | first=Kristen | last=Hays |work=Reuters | date=May 1, 2012}}

In 2012, the company began the process of divesting onshore and offshore assets in Nigeria. ConocoPhillips contracted a French bank, BNP Paribas, to sell all assets, including a 17% stake in Brass Liquefied Natural Gas LNG, Oil Mining Lease OML 131 in which ConocoPhillips had a 47.5% stake. ConocoPhillips operated in Nigeria for more than 46 years.{{cite news | url=https://allafrica.com/stories/201205150740.html | title=Nigeria: NNPC Vows to Conclude Brass LNG's FID | first=Chineme | last=Okafor |work=AllAfrica | date=15 May 2012}}

In January 2013, Conoco announced that it would sell its Rocky Mountain assets to Denbury Resources for $1.05 billion.{{cite news| url=https://www.reuters.com/article/us-coconocophillips-assetsale/conoco-to-sell-rocky-mountain-assets-to-denbury-for-1-05-billion-idUSBRE90E0SJ20130115 |title=Conoco to sell Rocky Mountain assets to Denbury for $1.05 billion | first=Thyagaraju |last=Adinarayan |work=Reuters |date=January 15, 2013}}

In July 2016, the company agreed to sell a 35% stake in three Senegalese deepwater oil and gas exploration blocks for about $350 million to Woodside Petroleum.{{cite news | url=https://www.bizjournals.com/houston/morning_call/2016/07/conocophillips-to-sell-more-than-350m-in-deepwater.html | title=ConocoPhillips to sell more than $350M in deepwater exploration blocks |first=Jack |last=Witthaus |work=American City Business Journals |date=July 14, 2016}}

In November 2016, the company announced the move of its headquarters to Energy Center Four by 2018.{{cite news |url=https://www.chron.com/business/real-estate/article/ConocoPhillips-to-move-out-of-Energy-Corridor-10642627.php |title=ConocoPhillips to leave headquarters for smaller Energy Corridor location | first=Nancy | last=Sarnoff | work=Houston Chronicle |date=November 29, 2016}}

In February 2017, Ecuador was ordered to pay $380 million to the company for unlawfully expropriating the company's oil investments.{{cite news | url=https://www.reuters.com/article/us-conocophillips-ecuador/ecuador-ordered-to-pay-conocophillips-380-million-in-damages-idUSKBN15N2UP |title=Ecuador ordered to pay ConocoPhillips $380 million in damages | first=Sweta | last=Singh |work=Reuters |date=February 8, 2017}}

In March 2017, the company agreed to sell its Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus Energy for $13.3 billion.{{Cite news | url=https://www.reuters.com/article/brief-conocophillips-to-sell-foster-cree/brief-conocophillips-to-sell-foster-creek-christina-lake-partnership-interest-western-canada-deep-basin-gas-assets-to-cenovus-for-13-3-bln-idUSFWN1H60VH | title=BRIEF-ConocoPhillips to sell Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus for $13.3 bln | work=Reuters | date=March 29, 2017}} Along with the sale of natural gas fields in the U.S., it led to a reduction of close to 30% of its proved oil and gas reserves.{{cite news | last=McWilliams | first=Gary | title=ConocoPhillips takes slow, steady route in race for oil profits | url=https://www.reuters.com/article/us-conoco-assetsales-idUSKBN17M0FS |work=Reuters | date=April 20, 2017}}

In June 2017, the company agreed to sell assets in the Barnett Shale for $305 million.{{cite news | url=https://www.bizjournals.com/houston/news/2017/06/29/conocophillips-to-sell-texas-shale-assets-for-305m.html | title=ConocoPhillips to sell Texas shale assets for $305M |first=Olivia |last=Pulsinelli | work=American City Business Journals |date=June 29, 2017}}

In August 2017, the company sold its business in the San Juan Basin for $2.5 billion.{{cite news | url=https://www.bizjournals.com/albuquerque/news/2017/08/01/texas-energy-giants-sale-of-san-juan-assets-closes.html | title=ConocoPhillips closes nearly $2.7B asset sale | first=Rachel | last=Sapin | work=American City Business Journals | date=August 1, 2017}}

In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curaçao to collect on $2 billion owed since a 2007 court decision.{{cite news | title=Conoco has seized Venezuela PDVSA products from the Isla refinery: Curacao | url=https://www.cnbc.com/2018/05/14/conoco-has-seized-venezuela-pdvsa-products-from-isla-refinery-curacao.html |agency=Reuters | publisher=CNBC | date=May 14, 2018}}

In March 2019, the World Bank ruled that Venezuela must pay ConocoPhillips $8.7 billion to compensate for the 2007 expropriation of oil assets.{{cite news | title=Venezuela must pay Conoco more than $8 billion: World Bank| url=https://www.reuters.com/article/us-conocophillips-venezuela/venezuela-must-pay-conoco-more-than-8-billion-world-bank-idUSKCN1QP20V | first=Marianna | last=Parraga |work=Reuters | date=March 8, 2019}}

In April 2019, the company sold a 30% stake in the Greater Sunrise Fields to the government of Timor-Leste.{{cite news | url=https://www.kallanishenergy.com/2019/04/17/conocophillips-closes-on-350m-sale-to-timor-leste/ | title=ConocoPhillips closes on $350M sale to Timor-Leste |work=Kallanish Energy | date=April 17, 2019}}

In September 2019, the company sold its business in the United Kingdom for $2.675 billion.{{cite news | url=https://www.bizjournals.com/houston/news/2019/09/30/conocophillips-closes-nearly-2-7b-asset-sale.html | title=ConocoPhillips closes nearly $2.7B asset sale | first=Olivia | last=Pulsinelli | work=American City Business Journals | date=September 30, 2019}}

For the 2019 Awards in Predefined Areas (APA) on the Norwegian continental shelf (NCS), ConocoPhillips was awarded three operatorships and ownership interests in a total of five production licenses. Two which are located in the Norwegian Sea (PL 1009 B and PL 1064) in Warka and Slagugle, one in the North Sea (PL 917 B) for two discoveries in Busta Voe and Cape Enniberg, and the other is the Hasselbaink prospect, where drilling has already begun.{{cite web|url=https://www.conocophillips.no/news-media/story/five-licenses-awarded-to-conocophillips/|title=Five licenses awarded to ConocoPhillips|date=February 6, 2020|work=ConocoPhillips|access-date=June 9, 2021}}

In May 2020, the company sold its assets in Northern Australia to Santos Limited for $1.39 billion.{{cite news | url=https://www.bizjournals.com/houston/news/2020/05/29/conocophillips-santos-australian-asset-sale-closes.html | title=ConocoPhillips closes nearly $1.4B asset deal | first=Olivia | last=Pulsinelli | work=American City Business Journals | date=May 29, 2020}}{{cite news | url=https://www.cnbc.com/2019/10/14/conocophillips-sells-northern-australia-assets-to-santos-for-1point39-billion.html | title=ConocoPhillips sells northern Australia assets to Santos for $1.39 billion | agency=Reuters | publisher=CNBC | date=October 14, 2019}}

In July 2020, the company announced the acquisition of acreage in the Montney Formation in Canada for $375 million.{{cite news | url=https://www.bizjournals.com/houston/news/2020/07/23/conocophillips-montney-canada-kelt-exploration.html | title=ConocoPhillips to buy acreage in Canada from Kelt Exploration | first=Olivia | last=Pulsinelli | work=American City Business Journals | date=July 23, 2020}}{{cite press release | url=https://www.businesswire.com/news/home/20200722005897/en/ConocoPhillips-Announces-Agreement-to-Acquire-Liquids-Rich-Montney-Acreage-from-Kelt-Exploration-Ltd. | title=ConocoPhillips Announces Agreement to Acquire Liquids-Rich Montney Acreage from Kelt Exploration Ltd. | publisher=Business Wire | date=July 22, 2020}}{{Cite web |date=2020-07-23 |title=ConocoPhillips Doubles Natural Gas-Rich Montney Shale Portfolio in $375M Deal with Kelt |url=https://www.naturalgasintel.com/conocophillips-doubles-natural-gas-rich-montney-shale-portfolio-in-375m-deal-with-kelt-2/ |access-date=2024-03-21 |website=Natural Gas Intelligence |language=en-US}}

On 1 August 2020, Steinar Våge who has been with the ConocoPhillips company since 1988, was elected into the position of President for ConocoPhillips Europe, Middle East and North Africa. He was previously the Senior Vice President of Global Operations, Wells and Projects at the corporate headquarters in Houston, United States, and is now located in Stavanger, where the main office is located.{{cite web|date=August 6, 2020|title=Steinar Våge is new President in ConocoPhillips|url=https://www.conocophillips.no/news-media/story/steinar-vage-is-new-president-in-conocophillips/|work=ConocoPhillips|access-date=June 30, 2021}}

Due to the COVID-19 pandemic in 2020, ConocoPhillips had to reduce its production in May as the price of oil in North Slope, which stood at about $10 per barrel at the end of April, rose to $40 per barrel.{{cite web|url=https://www.alaskapublic.org/2020/06/15/conocophillips-to-resume-normal-production-in-july-in-alaska/|title=ConocoPhillips to resume normal production in July in Alaska|date=June 15, 2020|work=Alaska Public Media|access-date=December 16, 2020}}{{cite web|url=https://www.ktoo.org/2020/04/17/conocophillips-cuts-spending-in-alaska-by-another-200m-as-oil-prices-sink/|title=ConocoPhillips cuts spending in Alaska by another $200M as oil prices sink|date=April 17, 2020|work=KTOO|access-date=December 16, 2020}}{{cite web|url=https://www.bloomberg.com/news/articles/2020-04-16/conocophillips-to-curtail-oil-production-after-crude-s-collapse|title=Conoco Slashing North American Output in Biggest Oil Cutback|date=April 16, 2020|work=Bloomberg|access-date=January 8, 2021}}

In December 2020, ConocoPhillips made the largest discovery of oil for the year, between 75.5 million and 201 million barrels in the Slagugle well. Executive Vice President Matt Fox, stated that this was the fourth successful exploration well to be found on the Norwegian continental shelf in the past 16 months.{{cite web|url=https://norwaytoday.info/news/conocophillips-announces-this-years-largest-oil-discovery-in-the-norwegian-sea/|title=ConocoPhillips announces this year's largest oil discovery in the Norwegian Sea|date=December 22, 2020|work=Norway Today|access-date=May 21, 2021}}

In January 2021, the company acquired Concho Resources, an operator in the Permian Basin, for $9.7 billion.{{cite press release |url=https://www.businesswire.com/news/home/20210115005464/en/ConocoPhillips-Completes-Acquisition-of-Concho-Resources|title=ConocoPhillips Completes Acquisition of Concho Resources | publisher=Business Wire |date=January 15, 2021}}{{Cite news |url=https://www.reuters.com/article/concho-resources-ma-conocophillips/conocophillips-to-buy-concho-resources-for-9-7-bln-in-2020s-top-shale-deal-idUSL4N2HA2P3|title=ConocoPhillips to buy Concho Resources for $9.7 bln in 2020's top shale deal |website=reuters.com| date=October 19, 2020}}{{cite web |url=https://www.nytimes.com/2020/10/19/business/energy-environment/conocophillips-concho-oil-merger.html|title=Oil Industry Turns to Mergers and Acquisitions to Survive|date=October 19, 2020|work=The New York Times|access-date=January 8, 2021}}{{Cite web|url=https://www.forbes.com/sites/davidblackmon/2020/10/19/conocophillips-doubles-down-on-the-permian-basin-and-fracking-with-concho-acquisition/ |title=ConocoPhillips Doubles Down on the Permian Basin and Fracking with Concho Acquisition |website=Forbes | date=October 19, 2020 | url-access=limited}}

In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.5 billion in cash.{{Cite news|title=Shell to Sell Permian Assets to ConocoPhillips for $9.5 Billion|newspaper=Wall Street Journal |date=20 September 2021 |url=https://www.wsj.com/articles/shell-near-deal-to-sell-permian-assets-to-conocophillips-11632168002 |last1=Lombardo |first1=Cara |last2=Eaton |first2=Collin }}

In June 2022, ConocoPhillips became one of the stakeholders in the joint venture with QatarEnergy for the North Field East (NFE) expansion, holding 3.125%, as well as holding 6.25% stakes in the North Field South (NFS), a second phase expansion of the NFE.{{Cite web |title=Qatar adds ConocoPhillips to NFE expansion project |url=https://www.naturalgasworld.com/qatar-adds-conocophillips-to-nfe-expansion-project-99013 |access-date=2023-07-28 |website=www.naturalgasworld.com}} The NFE expansion is expected to begin production by 2025, and the NFS later in 2028.{{Cite web |date=2022-06-22 |title=ExxonMobil wins North Field East LNG stake |url=https://www.meed.com/exxonmobil-wins-north-field-east-lng-stake |access-date=2023-07-28 |website=MEED |language=en}}

In year 2023, the Biden administration approved ConocoPhillips' request to drill for oil along the Alaskan coast.{{Cite web|url=https://www.upi.com/Top_News/US/2023/03/13/willow-conoco-north-slope-alaska-oil/7791678725430/|title=White House approves ConocoPhillips Alaska oil drilling project - UPI.com|website=UPI}}

In 2023, Conoco purchased another 50% stake in the Surmont Canadian facility from TotalEnergies for $3 billion.{{Cite web |date=2024-02-08 |title=Oil producer ConocoPhillips beats profit views on higher output |url=https://www.reuters.com/business/energy/conocophillips-beats-fourth-quarter-profit-estimates-higher-production-2024-02-08/ |access-date=2024-03-21 |website=Reuters}}{{Cite web |date=2024-02-12 |title=ConocoPhillips Plans to Slow Down US Production This Year |url=https://www.rigzone.com/news/conocophillips_plans_to_slow_down_us_production_this_year-12-feb-2024-175709-article/ |access-date=2024-03-21 |website=www.rigzone.com |language=en}}

In February 2024, ConocoPhillips prepared to meet providers of leased floating production, storage and off-loading (FPSO) in preparation for the launch of the FEED competition for Salam-Patawali project offshore Malaysia.{{Cite web|language=en|url=https://www.upstreamonline.com/field-development/conocophillips-narrows-contractor-field-in-long-awaited-floater-project/2-1-1601411|title=ConocoPhillips narrows contractor field in long awaited floater project|website=UpStream|date=21 February 2024 |access-date=2024-02-27|archive-date=2024-02-23|archive-url=https://web.archive.org/web/20240223200611/https://www.upstreamonline.com/field-development/conocophillips-narrows-contractor-field-in-long-awaited-floater-project/2-1-1601411}} The project has been developing for several years: in February 2021, permission was obtained for exploration on the Malaysian shelf called SB405, in 2022 conducted seismic exploration in 3D. Also in 2022, FPSO contractors Bumi Armada, MISC and Yinson Holdings were said to have expressed an interest in this project, and Genesis was contracted for engineering services.{{Cite web|language=en|url=https://www.freemalaysiatoday.com/category/business/local-business/2022/07/14/conocophillips-pushing-ahead-with-sarawak-oil-project/|title=ConocoPhillips pushing ahead with Sarawak oil project|website=FMT|date=14 July 2022 |access-date=2024-02-27|archive-date=2023-05-29|archive-url=https://web.archive.org/web/20230529211427/https://www.freemalaysiatoday.com/category/business/local-business/2022/07/14/conocophillips-pushing-ahead-with-sarawak-oil-project/}}

ConocoPhillips Norwegian subsidiary holds 35% of the Eldfisk North Project which began production in May 2024.{{Cite web |date=2024-05-09 |title=ConocoPhillips plans $1.1 billion investment as Norway oil sector heats up |url=https://www.reuters.com/business/energy/conocophillips-submits-11-bln-norway-oil-development-plan-2022-05-09/ |access-date=2024-12-03 |website=Reuters}}{{Cite web |title=Norway: ConocoPhillips announces successful first oil production at Eldfisk North ahead of plan |url=https://www.energy-pedia.com/news/norway/conocophillips-announces-successful-first-oil-production-at-eldfisk-north-ahead-of-plan-195039 |access-date=2024-12-03 |website=www.energy-pedia.com}}

In July 2024, ConocoPhillips took legal action against the Biden administration after a new ruling in April of that year blocked oil and gas development on nearly half of Alaska's National Petroleum Reserve.{{Cite web |last=Rani |first=Archana |date=2024-07-08 |title=ConocoPhillips challenges Alaska drilling restrictions |url=https://www.offshore-technology.com/news/conocophillips-challenges-drilling/ |access-date=2024-12-03 |website=Offshore Technology |language=en-US}}

In September 2024 ConocoPhillips and Uniper agreed for a supplying deal which is up to 10 billion cubic metres (bcm) of natural gas for the next 10 years. With this, ConocoPhillips will be able to supply natural gas to Uniper i.e. in the north- western European zone.{{Cite web |date=September 20, 2024 |title=Uniper, ConocoPhillips agree to 10-year natural gas supply deal |website=Reuters |url=https://www.reuters.com/business/energy/uniper-conocophillips-agree-10-year-natural-gas-supply-deal-2024-09-19/}}

In November 2024, ConocoPhillips acquired Marathon Oil in a $22.5 billion transaction.{{Cite press release | url=https://www.businesswire.com/news/home/20241121025978/en/ConocoPhillips-completes-acquisition-of-Marathon-Oil-Corporation | title=ConocoPhillips completes acquisition of Marathon Oil Corporation | publisher=Business Wire | date=November 22, 2024}}{{Cite news | url=https://www.reuters.com/markets/deals/conocophillips-closes-225-billion-deal-marathon-oil-2024-11-22/ | title=ConocoPhillips closes $22.5 billion deal for Marathon Oil | first=Sourasis | last=Bose | work=Reuters | date=November 22, 2024}}

The Conoco Museum in Ponca City, Oklahoma, and the Phillips Petroleum Company Museum in Bartlesville, Oklahoma, are dedicated to the history of the company.{{cite web |title=ConocoPhillips Petroleum Museums| url=https://aoghs.org/energy-education-resources/conocophillips-petroleum-museums/ |work=American Oil & Gas Historical Society| date=7 May 2021 }}

ConocoPhillips explores for, produces, transports and markets crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis.{{Cite web|title=ConocoPhillips Fact Sheet: Overview|url=https://static.conocophillips.com/files/resources/21-0034-2021-conocophillips-fact-sheets-overview.pdf|website=ConocoPhillips}} The company manages its operations through six operating segments, defined by geographic region: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.{{Cite web|title=2020 Annual Report|url=https://static.conocophillips.com/files/resources/conocophillips-2020-annual-report.pdf|website=ConocoPhillips}}

• Charles Bunch, CEO and chairman of PPG Industries
• Caroline Maury Devine, former president and managing director of a Norwegian affiliate of ExxonMobil
• John V. Faraci, former CEO and chairman of International Paper Company
• Jody Freeman, Archibald Cox Professor of Law at Harvard Law School
• Gay Huey Evans, chairman, London Metal Exchange
• Jeffrey A. Joerres, Former Executive Chairman and chief executive officer, ManpowerGroup Inc.
• Ryan Lance, CEO and chairman of the board
• Tim Leach, Executive Vice President, Lower 48 at ConocoPhillips
• Admiral William H. McRaven, Retired U.S. Navy Four-Star Admiral (SEAL)
• Sharmila Mulligan, Former Chief Strategy Officer of Alteryx
• Eric D. Mullins, chairman and chief executive officer, Lime Rock Resources
• Arjun Murti, former partner at Goldman Sachs
• Robert Niblock, former CEO, president, and chairman of Lowe's
• David T. Seaton, Former Chairman and chief executive officer, Fluor Corporation
• R.A.Walker, Former Chairman and chief executive officer, Anadarko Petroleum Company
• Dominic E. Macklon - executive vice president of strategy, sustainability, and technology (retired from May 1, 2024).{{Cite web|language=en|url=https://www.tipranks.com/news/company-announcements/conocophillips-evp-macklon-announces-retirement-in-2024|title=ConocoPhillips EVP Macklon Announces Retirement in 2024|website=Tipranks|access-date=2024-02-27|archive-date=2024-02-28|archive-url=https://web.archive.org/web/20240228040456/https://www.tipranks.com/news/company-announcements/conocophillips-evp-macklon-announces-retirement-in-2024}}

On April 11, 2007, ConocoPhillips became the first U.S. oil company to join the U.S. Climate Action Partnership, an alliance of big business and environmental groups. In January 2007, the partnership advised President George W. Bush that mandatory emissions caps would be needed to reduce the flow of carbon dioxide and other greenhouse gases into the atmosphere. In 2007, ConocoPhillips announced it would spend $150 million that year on alternative and unconventional energy sources, up from $80 million in 2006.{{cite web | url=https://www.sec.gov/Archives/edgar/data/1163165/000119312510071813/ddef14a.htm | title=ConocoPhillips Schedule 14A | publisher=U.S. Securities and Exchange Commission | date=March 31, 2010}} However, ConocoPhillips left the U.S. Climate Action Partnership in February 2010, at the same time as BP and Caterpillar Inc. left the partnership.{{cite news | url=https://insideclimatenews.org/news/20100216/oil-giants-bp-conocophillips-drop-out-us-climate-action-partnership | title=Oil Giants BP, ConocoPhillips Drop Out of US Climate Action Partnership | work=InsideClimateNews | date=February 16, 2010}}

ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights. In 2016, ConocoPhillips was ranked as being among the 12th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.{{Cite web | last=Overland | first=Indra | date=2016 | title=Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic | url=https://www.researchgate.net/publication/313474088 | website=ResearchGate | publisher=Arran}} In May 2020, it was reported that the company was planning new drillings in Alaska's North Slope which would affect the life of 400 in the Native Village of Nuiqsut.{{Cite web | title=Drilling on Public Lands: Native American Voices Frustrated by Virtual Public Hearings Over Zoom | url=https://www.ecowatch.com/blm-public-hearings-zoom-native-americans-2646042202.html?rebelltitem=4#rebelltitem4?rebelltitem=4 | website=EcoWatch | date=May 20, 2020}} According to the 2021 Arctic Environmental Responsibility Index (AERI), ConocoPhillips is ranked as the fourth most environmentally responsible company out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle.{{Cite journal |last1=Overland |first1=Indra |last2=Bourmistrov |first2=Anatoli |last3=Dale |first3=Brigt |last4=Irlbacher-Fox |first4=Stephanie |last5=Juraev |first5=Javlon |last6=Podgaiskii |first6=Eduard |last7=Stammler |first7=Florian |last8=Tsani |first8=Stella |last9=Vakulchuk |first9=Roman |last10=Wilson |first10=Emma C. |date= 2021|title=The Arctic Environmental Responsibility Index : A method to rank heterogenous extractive industry companies for governance purposes |url=https://onlinelibrary.wiley.com/doi/10.1002/bse.2698 |journal=Business Strategy and the Environment |language=en |volume=30 |issue=4 |pages=1623–1643 |doi=10.1002/bse.2698 |bibcode=2021BSEnv..30.1623O |issn=0964-4733|url-access=subscription }}

In 1990, ConocoPhillips agreed to pay $23 million to buy 400 homes and compensate families in Ponca City, Oklahoma, who said its refinery gave them cancer and other illnesses.{{Cite news | url=https://apnews.com/525c12b8409e6ec7784929f91914ea0e | title=Conoco Offers $23 Million to Settle Contamination Lawsuit | first=FARRELL | last=KRAMER | work=Associated Press | date=April 3, 1990}}

In June 2011, ConocoPhillips China Inc., a wholly owned subsidiary of ConocoPhillips, was responsible for the 2011 Bohai bay oil spills in Bohai Bay.{{cite web | url=https://phys.org/news/2011-07-china-oil-long-term-impact.html |title=China oil spill to have long-term impact: report | publisher=Phys.org | date=July 5, 2011}}

In 2015, ConocoPhillips and Phillips 66 agreed to pay $11.5 million to settle a lawsuit alleging that hundreds of their gas stations violated California anti-pollution laws since 2006. The civil complaint, filed in January 2013, alleged that the companies violated state laws on the operation and maintenance of underground gasoline storage tanks at more than 560 gas stations in the state. These violations included failing to properly maintain leak detection devices, testing secondary containment systems, conducting monthly inspections and training employees in proper protocol.{{Cite news | url=https://www.latimes.com/business/la-fi-environmental-violations-settlement-20150508-story.html | title=ConocoPhillips and Phillips 66 to pay $11.5 million in pollution case | website=Los Angeles Times |date=May 8, 2015}}

In May 2019, ConocoPhillips settled a lawsuit with homeowners in northwestern Oklahoma City who accused the company of polluting their soil and water to such a degree that no trees or flowers will grow.{{Cite web| url=https://www.usnews.com/news/best-states/oklahoma/articles/2019-05-23/conocophillips-settles-oklahoma-city-water-pollution-lawsuit |title=ConocoPhillips Settles Oklahoma City Water Pollution Lawsuit | agency=Associated Press | website=U.S. News & World Report | date=May 23, 2019}}

In May 2017, ConocoPhillips agreed to a $39 million settlement to resolve complaints brought by New Jersey over groundwater contamination. ConocoPhillips was one of 50 companies named in a 2007 lawsuit filed against manufacturers, distributors and other industrial users of the gasoline additive MTBE, found in groundwater at locations throughout New Jersey.{{Cite news | url=https://www.nj.com/news/2017/05/conocophillips_to_pay_39m_to_settle_contamination.html | title=Company to pay $39M to settle contamination claim | work=NJ.com | first=Paul | last=Milo |date=May 26, 2017}}

Bobby Berk, one of the stars from Netflix's "Queer Eye," spoke out against ConocoPhillips' water pollution in Missouri, saying that there were so many chemicals at one point, they could "actually light a glass of our water on fire".{{Cite web | url=https://thehill.com/policy/energy-environment/460551-queer-eye-star-bobby-berk-says-conocophillips-contaminated-familys | title='Queer Eye' star Bobby Berk says Conoco contaminated family's water | last=Gstalter |first=Morgan | website=The Hill | date=September 9, 2019}}

According to the Political Economy Research Institute, ConocoPhillips ranked 13th among U.S. corporate producers of air pollution.{{Cite web|title=Petroleum - Petroleum Industry - Conoco Phillips|url=http://www.petroleum.co.uk/conoco-phillips|access-date=2021-10-01|website=www.petroleum.co.uk}}

In 2013, ConocoPhillips had the "leakiest" methane in operations compared to its peers.{{Cite web | url=https://www.scientificamerican.com/article/conocophillips-is-the-leakiest-gas-company/ | title=ConocoPhillips Is the Leakiest Gas Company | last=Vaidyanathan | first=Gayathri | work=Scientific American | date=June 26, 2015}}

In February 2022, ConocoPhillips announced a pilot program to sell its flare gas to a company operating a bitcoin mine in the Bakken Formation region of North Dakota as part of a company initiative to reduce routine flaring to zero by 2030.{{cite news|last=Sigalos|first=MacKenzie|date=February 15, 2022|title=ConocoPhillips is selling extra gas to bitcoin miners in North Dakota|publisher=CNBC|url=https://www.cnbc.com/2022/02/15/conocophillips-is-selling-extra-gas-to-bitcoin-miners-in-north-dakota.html|access-date=July 13, 2022}} In 2021 and 2022, an index constructed by researchers at the University of Cambridge showed that bitcoin mining consumed more electricity during the course of the year than the entire nations of Argentina (a G20 country) and the Netherlands.{{cite news|last=Brown|first=Ryan|date=February 5, 2021|title=Bitcoin's wild ride renews worries about its massive carbon footprint|publisher=CNBC|url=https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html|access-date=July 13, 2022}}{{cite news|last=Criddle|first=Christina|date=February 10, 2021|title= Bitcoin consumes 'more electricity than Argentina'|publisher=BBC|url=https://www.bbc.com/news/technology-56012952|access-date=July 14, 2022}}{{cite news|last=Webb|first=Samuel|date=May 19, 2022|title=Crypto crash 'will not affect Bitcoin mining's climate cost'|website=Yahoo! News|publisher=Yahoo, Inc.|url=https://uk.news.yahoo.com/crypto-crash-not-affect-bitcoin-110835249.html|access-date=July 14, 2022}}

ConocoPhillips reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 16,200 Kt (-4,300 /-21% y-o-y).{{Cite web |title=ConocoPhillips's Sustainability Report for 2020Q4 |archive-url=https://web.archive.org/web/20210715090922/https://static.conocophillips.com/files/resources/conocophillips-2020-sustainability-report.pdf |url=https://static.conocophillips.com/files/resources/conocophillips-2020-sustainability-report.pdf|archive-date=July 15, 2021 }} [https://analytics.exerica.com/App/Name/ConocoPhillips/Total%20CO2e%20Emissions%20-%20Location-Based%20Scope%201%20%2b%20Scope%202/2020Q4/12 Alt URL] Importantly, the figure does not include Scope 3 end-use emissions resulting from the consumption of fossil fuels produced by the company.

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