ConocoPhillips (NYSE: COP) was founded in 1875 and is headquartered in Houston, Texas. It has 14,900 full-time employees. It is an international energy company mainly engaged in oil and gas exploration, production, processing and marketing, as well as chemical and plastic products. Production and sales.
ConocoPhillips was originally the largest oil refinery in the United States, with a daily crude oil processing capacity of approximately 2 million barrels, and the world’s fourth-largest non-government-controlled refinery with a global crude oil processing capacity of approximately 2.7 million barrels per day. It divested its refining business in 2012 , Established Philips 66 , becoming an independent oil and gas company.
ConocoPhillips is currently engaged in the exploration, production, transportation and sales of global crude oil, bitumen, natural gas, liquefied natural gas and natural gas liquids. Its product portfolio includes shale and oil sands assets; low-risk legacy in North America, Europe, Asia and Australia Assets; various international development and prospecting mining areas.
- ConocoPhillips operates 19 oil refineries in the world
- In the United States, ConocoPhillips operates Conner, Phillips 66 and Union 76 gas stations
- ConocoPhillips operates Jet gas stations in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Hungary, Norway, Poland, Slovakia, Sweden and the United Kingdom
- ConocoPhillips operates the ProJET brand in Malaysia
- Sale of Turkpetrol brand in Turkey
- Operating the COOP brand in Switzerland
ConocoPhillips (COP) History:
- In 1875, the predecessor of ConocoPhillips-Ogden, Utah “Continental Petroleum Transportation Company” was established, mainly engaged in the distribution of coal, oil, kerosene, grease and candles in the western United States;
- Malan Petroleum acquired the assets of Continental Petroleum;
- On June 26, 1929, Malan Petroleum Company changed its name to Continental Petroleum Company. This merger allowed Connor to obtain the red bar and triangle logo used by Malan Company. From 1930 to 1970, Connor was The logo has been used before changing to the current red capsule logo;
- On August 30, 2002, ConocoPhillips was formed by the merger of Conoco and Phillips;
- In 2005, ConocoPhillips began to reshape (unify) the 76 brand gas station, which was acquired from Tosco before the merger of Phillips and Connor;
- In March 2006, ConocoPhillips purchased the German Wilhelmshaven Refinery Co., Ltd. and Burlington Energy;
- On May 10, 2006, former Deputy Secretary of State Richard Armitage was elected to the board of directors of ConocoPhillips;
- On May 1, 2012, ConocoPhillips split its refining department, gas station and pipeline assets to form an independent company Phillips 66 , which was traded on the New York Stock Exchange under the symbol (PSX).
ConocoPhillips (COP) investment:
ConocoPhillips is one of the largest energy companies in the United States. It was once the largest oil refinery in the United States. In the world, among non-government-controlled companies, ConocoPhillips ranked eighth in proven oil and gas reserves. ,And is the world’s fourth largest refinery.