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ConocoPhillips Company

Company Summary

Description

ConocoPhillips is on of the world’s largest independent exploration and production company's, based on proved reserves and production of liquids and natural gas.

Website

http://www.conocophillips.com/who-we-are/our-compa...

Operational Regions

  • North Slope
  • Prudhoe Bay
  • Eagle Ford
  • Gulf of Mexico
  • Gulf Coast
  • Permian Basin
  • Barnett Shale
  • Anadarko Basin
  • Bakken
  • Uinta Basin
  • Niobrara Basin
  • San Juan Basin
  • SCOOP
  • Oklahoma STACK Play
  • Midcontinent
  • Rockies
  • Green River Basin
  • Wind River Basin
  • West Central Alberta Deep Basin
  • Western Canadian Sedimentary Basin
  • Athabasca Oil Sands

Financial Data:

NYSE:COP from Google Finance

Tickers:

  • COP - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Gulf Markets Expansion Phase II
Firm Commitment: 0

Recent news

  • 10/19/2020 - Conoco & Concho's... (subscriber access)
  • 10/19/2020 - Conoco Acquiring Concho... (subscriber access)
  • 10/14/2020 - Conoco Reportedly In... (subscriber access)
  • 10/12/2020 - Conoco Makes $0.01/Share... (subscriber access)
  • 10/1/2020 - Equinor Submits $1.95B... (subscriber access)

Investor Presentations

  • ConocoPhillips & Concho Resources Transaction Announcement
  • 2Q20 Earnings Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)
  • 2019 Investor Day Presentation (subscriber access)
  • 1Q19 Earnings (subscriber access)
  • Alaska Analyst & Investor Update (subscriber access)
  • 1Q18 Supplemental Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Slides (subscriber access)
  • 2018-2020 Business Plan Presentation (subscriber access)
  • 3Q17 Earnings Conference Call (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • 1Q17 Earnings Call Slides (subscriber access)
  • April 13, 2017 San Juan Basin Asset Sale (subscriber access)
  • March 29, 2017 Canada Transaction (subscriber access)
  • 4Q16 Conference Call (subscriber access)
  • 3Q16 Conference Call Slides (subscriber access)
  • 2Q16 Conference Call (subscriber access)
  • 1Q16 Earnings Supplemental xlsx (subscriber access)
  • 1Q16 Earnings Supplemental (subscriber access)
  • 1Q16 Earnings Update (subscriber access)
  • Feb 2016 Investor Update (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

DETAILS:

COST: 9.7 $B

VOLUMES: 319 MBOE/d

ACRES: 800000 Acres

NOTES:
ConocoPhillips has entered into a deal to acquire Concho Resources via an all-stock transaction valued at $9.7 billion. Each share of Concho stock will be exchanged for 1.46 shares of ConocoPhillips common stock, which marks a 15% premium to Concho's closing price on October 13, 2020. The combined firm will see COP retain 79% ownership and Concho shareholders 21%.
REGIONS:
  • Permian Basin
  • Date: 9/30/2020
    Type: Acquisition

    DETAILS:

    COST: 375 $MM

    VOLUMES: 15 MBOE/d

    ACRES: 140000 Acres

    NOTES:
    The deal includes 140,000 net acres in the Inga-Fireweed zone, adjacent to COP's existing position. The assets hold an estimated 1 billion boe in resources and there is 15 Mboe/d in current production. Closing is targeted for the third quarter of 2020.
    REGIONS:
  • Montney Formation
  • Date: 3/30/2020
    Type: Acquisition

    BUYERS:
  • Santos Ltd
  • DETAILS:

    COST: 1.39 $B

    NOTES:
    ConocoPhillips agreed to sell its northern Australian business to Santos for $1.39 billion.
    REGIONS:
  • Australia
  • Date: 11/1/2019
    Type: Acquisition

    DETAILS:

    COST: 186 $MM

    VOLUMES: 4 M Bbls/d

    ACRES: 167000 Acres

    NOTES:
    Conventional permian assets in the Waddell Ranch area
    REGIONS:
  • Permian Basin
  • Date: 6/1/2019
    Type: Acquisition

    DETAILS:

    COST: 380 $MM

    VOLUMES: 11 M Bbls/d

    ACRES: 98000 Acres

    REGIONS:
  • Niobrara Basin
  • Date: 4/16/2019
    Type: Acquisition

    DETAILS:

    COST: 350 $MM

    NOTES:
    ConocoPhillips sold its 30% interest in the Greater Sunrise gas and condensate fields in the to the government of Timor-Leste for $350 million.
    REGIONS:
  • Asia Pacific
  • Date: 3/31/2019
    Type: Acquisition

    DETAILS:

    COST: 350 $MM

    NOTES:
    ConocoPhillips entered an agreement to sell its 30% interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million.
    REGIONS:
  • Asia
  • Date: 12/31/2018
    Type: Acquisition

    DETAILS:

    COST: 230 $MM

    VOLUMES: 9 MBOE/d

    REGIONS:
  • Barnett Shale
  • Date: 12/18/2018
    Type: Acquisition

    SELLERS:
  • BP PLC
  • DETAILS:

    VOLUMES: 38 MBOE/d

    NOTES:
    ConocoPhillips has entered into a deal with BP to sell a 16.5% stake in the BP-operated Clair Field of the United Kingdom for an undisclosed price. COP will retain a 7.5% stake in that field. Concurrently, they have entered into a deal to acquire BP's 39.2% stake in the Greater Kuparuk Area of Alaska and BP's 38% stake in the Kuparuk Transportation Company. Both deals are conditional upon one another and will close simultaneously upon regulatory approval.
    REGIONS:
  • Alaska
  • Date: 12/18/2018
    Type: Acquisition

    BUYERS:
  • BP PLC
  • DETAILS:

    VOLUMES: 3 MBOE/d

    NOTES:
    ConocoPhillips has entered into a deal with BP to sell a 16.5% stake in the BP-operated Clair Field of the United Kingdom for an undisclosed price. COP will retain a 7.5% stake in that field. Concurrently, they have entered into a deal to acquire BP's 39.2% stake in the Greater Kuparuk Area of Alaska and BP's 38% stake in the Kuparuk Transportation Company. Both deals are conditional upon one another and will close simultaneously upon regulatory approval.
    REGIONS:
  • North Sea
  • Europe
  • Date: 6/4/2018
    Type: Acquisition

    ASSETS:
  • Alpine Pipeline
  • DETAILS:

    COST: 400 $MM

    VOLUMES: 13.86 MBOE/d

    ACRES: 264000 Acres

    NOTES:
    ConocoPhillips has entered into a deal with Anadarko to acquire its 22% share of the Western North Slope of Alaska (1.2 million gross acres, 264,000 net) and interest in the Alpine Pipeline
    REGIONS:
  • North Slope
  • Date: 4/3/2018
    Type: Acquisition

    DETAILS:

    COST: 250 $MM

    NOTES:
    ConocoPhillips reported that throughout the first quarter of 2018 they entered into or closed on agreements to divest $250 million in non-core assets. This included small acreage packages in the Permian Basin and undeveloped acreage in South Texas
    REGIONS:
  • Permian Basin
  • Eagle Ford
  • Date: 4/3/2018
    Type: Acquisition

    DETAILS:

    COST: 120 $MM

    ACRES: 35000 Acres

    REGIONS:
  • Montney Formation
  • Date: 2/28/2018
    Type: Acquisition

    DETAILS:

    ACRES: 245000 Acres

    NOTES:
    ConocoPhillips reported that the acquisition of 245,000 net acres of early life-cycle acreage in the Lower 48. This primarily consisted of Austin Chalk acreage in central Louisiana and COP intends to begin drilling exploration wells in 2018.
    REGIONS:
  • Austin Chalk
  • East Texas/Louisiana
  • Date: 2/5/2018
    Type: Acquisition

    BUYERS:
  • Andeavor
  • DETAILS:
    NOTES:
    Andeavor has reportedly acquired the Kenai LNG export facility in Alaska from ConocoPhillips. The facility, built in 1969, last operated in 2015 and was put up for sale in 2016.
    REGIONS:
  • Alaska
  • Date: 1/1/2018
    Type: Acquisition

    BUYERS:
  • Chrysaor E&P
  • DETAILS:

    COST: 2.7 $B

    VOLUMES: 72 MBOE/d

    NOTES:
    ConocoPhillips entered into an agreement to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor E&P for $2.7 billion. The assets sold contained a 2018 average production of 72 Mboe/d.
    REGIONS:
  • North Sea
  • Date: 9/30/2017
    Type: Acquisition

    DETAILS:

    COST: 18 $MM

    ACRES: 600000 Acres

    NOTES:
    Added 600,000 acres in Alaska via acquisitions throughout 2017
    REGIONS:
  • Alaska
  • Date: 8/15/2017
    Type: Acquisition

    DETAILS:

    COST: 305 $MM

    VOLUMES: 11 MBOE/d

    NOTES:
    ConocoPhillips has entered into a definitive agreement to sell its interests in the Barnett to an affiliate of Miller Thomson & Partners LLC for $305 million plus net customary adjustments
    REGIONS:
  • Barnett Shale
  • Date: 8/1/2017
    Type: Acquisition

    DETAILS:

    COST: 3 $B

    VOLUMES: 124 MBOE/d

    ACRES: 1300000 Acres

    REGIONS:
  • San Juan Basin
  • Date: 12/31/2016
    Type: Acquisition

    NOTES:
    The three offshore exploration blocks, Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore, had a net carrying value of approximately $285 million as of Sept. 30, 2016
    REGIONS:
  • West Africa
  • Date: 5/12/2016
    Type: Acquisition

    BUYERS:
  • Tanos Energy
  • DETAILS:

    COST: 500 $MM

    VOLUMES: 95 Mmcfe/d

    ACRES: 140000 Acres

    REGIONS:
  • Bossier Shale
  • East Texas/Louisiana