ConocoPhillips is the world’s largest independent exploration and production (E&P) company based on proved reserves and production of liquids and natural gas.
ConocoPhillips explores for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. ConocoPhillips had operations and activities in 27 countries, with approximately 19,200 employees, as of June 30, 2014.
Operations are managed through six segments, which are defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. As of April, 1, 2014, Latin America and Poland are being reported as part of the Other International segment. Prior to April 1, 2014, they were reported in the Lower 48 and Latin America segment and Europe segment, respectively. ConocoPhillips carried out exploration activities in 18 countries and produced hydrocarbons in 13 countries as of June 30, 2014.
Key focus areas include safely operating worldwide; growing North American unconventional, conventional and oil sands businesses; executing a number of international development programs and major projects; and conducting a global exploration program.
What ConocoPhillips does
ConocoPhillips exist to power civilization. ConocoPhillips explores for, produce, transport and market crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis - the energy that plays a foundational role in enabling global economic development and human progress. The key focus areas include safely operating producing assets, executing existing major projects and exploring for new energy resources in promising areas. The portfolio includes legacy assets in North America, Europe, Asia and Australia; growing North American shale and oil sands businesses; a number of major international development projects; and a global exploration program. ConocoPhillips is active in a wide range of geologic and geographic settings, including some of the world’s most challenging areas. From the frozen Arctic to the arid desert, ConocoPhillips has a proven track record of responsibly and efficiently finding and producing oil and natural gas.
Sustainable Development
ConocoPhillips also have detailed processes in place to address sustainable development in the economic, environmental and social performance. The processes, related tools and requirements focus on water, biodiversity and climate change, as well as social and stakeholder issues. In 2013, ConocoPhillips updated the strategies and action plans for these important issues and focused on goals such as reducing water use in the Eagle Ford and methane emissions in the San Juan Basin. ConocoPhillips revamped the SD report to more effectively communicate with interested stakeholders with better search capability, specific examples and forward-looking goals in the updated SD Action Plans. The objective of these plans is to prepare the company to succeed in a world challenged by complex environmental, social and economic issues and increasing stakeholder expectations.
Community Investments
ConocoPhillips prides themselves on serving as responsible citizens in the communities where the employees live and work. ConocoPhillips contributes to the well-being of these communities through charitable giving, employee volunteerism, sponsorships and civic leadership. In 2013, ConocoPhillips provided assistance ranging from disaster relief after flooding and fires in North America, to working with the Norwegian People’s Aid to remove land mines in Angola. For the eighth consecutive year, the ConocoPhillips SPIRIT of Conservation program focused on protecting, restoring and improving migratory bird habitats. The company also continued its focus on education, providing assistance to organizations globally, like the Spark Engineering Camp in Australia. Finally, the company participated in nine United Way campaigns around the world, raising more than $8.6 million in employee, retiree and company contributions.