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31 Pages • Essays / Projects • Year Uploaded: 2021
ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 17 countries and has production in the United States (49% of 2019 production), Norway (10% of 2019 production), Canada (5% of 2019 production), Australia (12% of 2019 production), Timor-Leste, Indonesia (4% of 2019 production), Malaysia (4% of 2019 production), Libya (3% of 2019 production), China (3% of 2019 production), and Qatar (6% of 2019 production). The company's production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin, the Bakken Formation, the Gulf of Mexico and the Anadarko Basin. Approximately 1/3 of the company's U.S. production is in Alaska, where it has operations in the Cook Inlet Area, the Alpine oil field off the Colville River, and the Kuparuk oil field and Prudhoe Bay Oil Field on the Alaska North Slope. As of December 31, 2019, the company had proved reserves of 5,262 million barrels of oil equivalent (3.219×1010 GJ), of which 50% was petroleum, 37% was natural gas, 8% was natural gas liquids and 5% was bitumen. The company is ranked 93rd on the Fortune 500. In the 2020 Forbes Global 2000, ConocoPhillips was ranked as the 201st -largest public company in the world. The company was ranked as the 14th most polluting company in the world by The Guardian in 2019. It is responsible for 0.91% of global industrial greenhouse gas emissions from 1988 to 2015. The Conoco Museum in Ponca City, Oklahoma, is dedicated to the history of the company. ConocoPhillips made the largest discovery of oil for the year 2020, between 75.5 million and 201 million barrels of oil was discovered in the Slagugle well. Executive Vice President Matt Fox, stated that this was the fourth successful exploration well to be found on the Norwegian continental shelf in the past 16 months
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