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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.
ConocoPhillips (NYSE:COP) ... 246 MBOED from the Eagle Ford, and 107 MBOED from the Bakken assets. The average realized price fell 10% Y/Y to $54.18 per barrel of oil equivalent (BOE). ...
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO). The purchase price represents a 14.7% premium to the closing price of ...
ConocoPhillips , the world's largest independent energy exploration and production company by production and proved reserves, completed the sale of its Algeria business unit to Indonesia's state ...
The first Phillips 66 logo, branded by the Phillips Petroleum Co. in 1930. The Phillips 66 shield logo, linking it to U.S. Route 66, was introduced in 1930. [11] After a series of changes to the color scheme including the popular dark green with orange and blue trim, [11] the company settled on black and orange color scheme that would last nearly thirty years.
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 ...
"With its premier global asset base, strong balance sheet and laser focus on operational excellence, ConocoPhillips' track record of long-term investments, differentiated shareholder distributions ...
ConocoPhillips is less frequently counted as one of the Big Oil companies due to spinning off its downstream division into Phillips 66. [12] [41] Additionally, ConocoPhillips in 2022 ranked lower than any of the six major Big Oil companies on the Fortune Global 500, and its revenue was superseded by Phillips 66 in 2022. [42]