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ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas .
The company then became Conoco Canada Resources Limited. Since Conoco's merger with the Phillips Petroleum Company in 2002, the company has been called ConocoPhillips Canada Resources Limited. In 2015, Gulf-branded gas stations returned to Canada through a licensing deal between XTR Energy Company Limited and Gulf Oil International U.K. Limited ...
In 2006, the company acquired assets from Chase Oil and formed Concho Resources Inc. In 2007, the company became a public company via an initial public offering. [2] In 2008, the company acquired Henry Petroleum for $584 million. [3] In 2010, the company acquired assets in the Permian Basin from Marbob Energy Corporation for $1.65 billion. [4]
In a heated auction on Monday, China's Sinopec Group agreed to pay $4.65 billion for ConocoPhillips's (COP) 9.03% stake in the Syncrude oil fields in Canada. The property was expected to fetch ...
ConocoPhillips, an independent oil and gas exploration company, said it will acquire the U.S. shale oil producer Concho Resources in an all-stock transaction valued at $9.7 billion.
Marathon Oil Corporation (NYSE:MRO) and ConocoPhillips (NYSE:COP) stocks are moving in opposite directions on Wednesday after they disclosed a definitive deal in which ConocoPhillips will acquire ...
The company also acquired ARCO's operations in Ecuador. [5] In 2001, the company acquired Canadian Hunter Exploration, expanding its base in Canada. [6] In 2003, the company started production in Algeria. [7] In 2004, the company received approval to develop a gas field in China. [8] In 2006, the company was acquired by ConocoPhillips. [9]
Exploration and production company ConocoPhillips held its annual investor day on Feb. 28. Among the many topics covered was how the company plans to grow its production over the next few years.