ConocoPhillips is Alaska’s largest crude oil producer and one of the largest owners of state, federal and fee exploration leases, with approximately 0.5 million net undeveloped acres at year-end 2016.
ConocoPhillips is the world’s largest independent exploration and production (E&P) company based on proved reserves and production of liquids and natural gas.
We explore for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. As of Dec. 31, 2016, we had operations and activities in 17 countries.
Operations are managed through six segments, which are defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. ConocoPhillips’ operating segments generally include a strong base of legacy production and an inventory of low cost of supply investment opportunities. The company also pursues focused conventional and unconventional exploration that can add to the company’s low cost of supply resource base over time.
The company completed the sale of the majority of its western Canada assets and its interest in the Foster Creek Christina Lake (FCCL) Partnership in May 2017. At June 30, 2017, the company also had asset sales pending for its San Juan Basin and Barnett gas positions. The information in this fact sheet reflects the company’s positions as of Dec. 31, 2016 and does not include the impacts of these asset sales.
The company embraces its role in responsibly accessing, developing and producing oil and gas to help meet the world’s energy needs. ConocoPhillips has the technical capability to operate globally and maintains a relentless focus on safety and environmental stewardship.
ConocoPhillips common stock is listed on the New York Stock Exchange under the ticker symbol COP.