Conocophillips

Incorporated in 1917 as Phillips Petroleum Company, the corporation now known as ConocoPhillips has its headquarters located in Houston, Texas, United States. Its most important business categories include Exploration and Production (E&P), which is the core business segment dedicated to the discovery and production of oil and natural gas. It also involves itself extensively in Liquefied Natural Gas (LNG) operations, which encompass the liquefaction and sale of LNG wherever applicable. The Midstream and Marketing segment is another integral part of its operations, which handles the transportation, storage, and wholesale marketing of crude oil, natural gas liquids (NGLs), and natural gas. Although Refining, Marketing, Transportation, and Commercial were significant segments for ConocoPhillips, the 2012 spin-off of Phillips 66 marked the transfer of the refining and marketing operations to the newly formed independent entity. Since then, Phillips 66 operates the Phillips 66, 76, and Conoco brands independently. ConocoPhillips is a company with a global reach, conducting significant production and exploration activities in various regions across the globe. These areas include the United States, Norway, the United Kingdom (North Sea), Canada, Australia, and numerous countries throughout Asia and the Middle East. As a result, sales of ConocoPhillips products and services naturally span these and other regions that demand oil and natural gas. (Powered by AI)