ConocoPhillips investor relations material

The E&P beast

Currently one of the largest exploration and production (E&P) companies, they explore, produce, transport, and market crude oil worldwide. ConocoPhillips has operations in 13 countries and employs over 9,400 people.

Focusing on profitable projects during rough times

As the last decade has been quite tough for companies in the oil and gas industry, ConocoPhillips has been divesting its asset portfolio and hence lowered its break-even point. By focusing on their most profitable projects and jettisoning the more costly ones, they have exited the expensive and high-risk business of deepwater drilling.