ConocoPhillips

NYSE: COP

Updated Mar 29, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Upstream · Independent E&P

ConocoPhillips

COP

ConocoPhillips is the world's largest independent exploration and production company, headquartered in Houston, Texas.

Founded: 2002 (heritage from 1875)
Employees: 10,000+
Revenue: $58 billion (2023)
HQ: Houston, TX

Exploration & ProductionAlaska OperationsPermian BasinLNG

ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration and production. It is the world's largest independent E&P company based on production and proved reserves. The company was created in 2002 when Conoco Inc. merged with Phillips Petroleum Company. In 2012, it spun off its downstream assets into Phillips 66, focusing entirely on upstream operations.

Headquarters

Houston, TX

Founded

2002 (heritage from 1875)

Employees

10,000+

Revenue

$58 billion (2023)

CEO

Ryan Lance

Website

conocophillips.com

History of ConocoPhillips

The company traces its heritage to Continental Oil and Transportation Company (Conoco, founded 1875) and Phillips Petroleum (founded 1917 by Frank Phillips in Bartlesville, Oklahoma). The two companies merged in 2002. In 2012, ConocoPhillips spun off its refining, chemicals, and midstream operations into Phillips 66 to become a pure-play E&P company.

Operations & Business Segments

ConocoPhillips has operations in 13 countries with major assets in Alaska's North Slope, the Permian Basin, Eagle Ford, Bakken, Canada's oil sands, Norway, Australia, and Qatar. The company acquired Marathon Oil in 2024, significantly expanding its Lower 48 portfolio.

Headquarters Location

Houston, TX

Key Specialties & Capabilities

Exploration & ProductionAlaska OperationsPermian BasinLNGOil SandsUnconventional Resources

Frequently Asked Questions About ConocoPhillips

Is ConocoPhillips the same as Phillips 66?▾

No. ConocoPhillips spun off Phillips 66 in 2012. ConocoPhillips focuses on exploration and production, while Phillips 66 handles refining, midstream, and chemicals. Both are headquartered in Houston.

What is ConocoPhillips known for?▾

ConocoPhillips is the world's largest independent exploration and production company, known for its major operations in Alaska, the Permian Basin, and international LNG projects.

Where is ConocoPhillips headquartered?▾

ConocoPhillips is headquartered in Houston, Texas, at its Energy Center campus.

What does ConocoPhillips do in Houston?▾

ConocoPhillips is a upstream company based in Houston, TX. ConocoPhillips is the world's largest independent exploration and production company, headquartered in Houston, Texas.

Where is ConocoPhillips headquartered?▾

ConocoPhillips is headquartered in Houston, TX, founded in 2002 (heritage from 1875). The company operates in Houston's energy corridor as part of the upstream sector.