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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 "Continental Oil and Transportation Company" was founded by Isaac Elder Blake in November 1875. [9] [10] Based in Ogden, Utah, the company distributed the recently discovered mineral resources of petroleum / oil (first found in August 1859 by Edwin Drake (1819-1880), in a well drilled at Oil Creek, near Titusville, (Crawford County), in the far northwestern corner of Pennsylvania) and its ...
ConocoPhillips is the largest exclusive E&P company in the world. The company owns a lot of acreage in promising shale plays such as the Eagle Ford, the Permian Basin, and Bakken as well as ...
In 2012, ConocoPhillips split into two separate companies. The legacy company kept its name, and spun off the midstream and downstream portions of its business. [ 3 ] The new company, which owns the refinery, chemical and pipeline assets formerly held in ConocoPhillips, is named Phillips 66 , the brand name and trademark used by the original ...
Phillips 66 is a new refining company that was spun off of ConocoPhillips a few years ago. While Conoco kept all of the lucrative upstream assets, that doesn't mean Phillips 66 was left emptyhanded.
Phillips 66 owns 13 refineries with a net crude oil capacity of 2.2 million barrels per day (350 × 10 ^ 3 m 3 /d), 10,000 branded marketing outlets, and 15,000 miles (24,000 km) of pipelines. It has 50 percent stake in DCP Midstream, LLC, a natural gas gatherers and processors with 7.2 billion cubic feet per day (200 × 10 ^ 6 m 3 /d) of ...
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.
In 2021, the company was acquired by ConocoPhillips. As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13 × 10 9 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas. Of these reserves, 55% were in the Delaware Basin and 45% were in the Midland Basin. [1]
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