company type public traded as nyse cop s & p 500 component industry oil and gas predecessor conoco inc. phillips petroleum co. founded 1875 ; 141 years ago 1875 as continental oil and transportation co. august 30 2002 2002 08 30 as conocophillips co. 1 headquarters houston energy corridor houston texas u.s. area served worldwide key people ryan lance chairman & ceo products oil natural gas petroleum revenue us 55.52 billion 2014 operating income us 15.423 billion 2012 net income us 8.428 billion 2012 total assets us 117.144 billion 2012 total equity us 48.427 billion 2012 number of employees 15.900 2016 2 website conocophillips.com conocophillips headquarters in the energy corridor area of houston . conocophillips co. is an american multinational energy corporation with its headquarters located in the energy corridor district of houston texas in the united states . it is the world s largest independent pure play exploration and production company and is a fortune 500 company . 3 4 conocophillips was created through the merger of american oil companies conoco inc. and phillips petroleum co. on august 30 2002 . 5 in 2012 conocophillips spun off its downstream assets as a new and separate company phillips 66 . 6 contents 1 history 2 operations 2.1 exploration and production 3 headquarters 4 environmental record 5 see also 6 references 7 external links history edit see also conoco and phillips 66 conoco inc. was an american oil company founded in 1875 as the continental oil and transportation co. based in ogden utah the company was a coal oil kerosene grease and candles distributor in the west . marland oil co. founded by exploration pioneer e. w. marland later acquired the assets subject to liabilities of continental oil co. or dc merged by bryan m. metler david l. kinney and justin j. stockburn of delta constructors for a consideration of 2 317 266 shares of stock . on june 26 1899 marland oil changed its name to continental oil co. and moved its headquarters to fargo north dakota . the acquisition gave conoco the red bar and triangle logo previously used by marland . conoco used the logo between 1930 and 1970 when the current red capsule logo was adopted . the conoco headquarters were in ponca city until 1949 when it moved to houston texas . in 2002 conoco inc. and phillips petroleum co. whose headquarters were in nearby bartlesville oklahoma merged into conocophillips numerous state corporation filings are identified continental oil co. and continental oil corp. and continental oil co. of texas as recorded with the texas secretary of state and delaware secretary of state . merger of san jacinto petroleum corp. and continental oil corp. is recorded in 1964 with delaware secretary of state . in 2005 conocophillips began rebranding its union 76 gas stations which phillips had acquired from tosco corp. before the merger with conoco . the move prompted a petition campaign by fans hoping to save the historic 76 orange ball signage . 7 in march 2006 conocophillips bought wilhelmshavener raffineriegesellschaft mbh in germany and burlington resources in the united states . 8 on may 10 2006 richard armitage former deputy secretary of the u.s. state department was elected to the board of directors of the conocophillips oil company . 9 in 2007 the chevron corp. converted all of the conoco gas stations in mississippi to the texaco brand . in late 2009 the company announced asset sales to increase investor returns . included are debt reduction and stock buy back . in march 2011 the program was enlarged up to 10 billion assets sales in the next two years . 10 conocophillips intends to implement a floating liquefied natural gas facility by 2016 2019 and has completed quantitative risk analysis of a design that will undergo pre feed study in 2011 . 11 on july 14 2011 conocophillips announced its intent to separate the company s upstream and downstream businesses into two stand alone publicly traded corporations with the intent of maximizing shareholder value . 12 on may 1 2012 all midstream downstream marketing and chemical operations were separated into a new company named phillips 66 headquartered in houston . 13 as a result conocophillips continued its operations as an upstream exploration and production company . 14 15 in april 2012 conocophillips sold its trainer refinery to monroe energy llc a subsidiary of delta air lines . 16 in january 2013 conoco announced that it would sell its rocky mountain assets to denbury resources for 1.05 billion . 17 operations edit exploration and production edit conocophillips focuses solely on exploring for developing and producing oil and natural gas globally . the company manages its operations through six operating segments which are defined by geographic region alaska lower 48 and latin america canada europe asia pacific and middle east and other international . kashagan field in kazakhstan in 1998 conocophillips acquired an interest in 10.5 blocks off the coast of kazakhstan through the north caspian sea production sharing agreement ncspsa . it currently owns 8.4 % of the shares of the consortium exploiting kashagan oil field . however the company seeks to reduce its non core assets in order to use the cash for debt reduction fund its capital program and dividend payments . on october 3 2012 the kazakh oil and gas minister told reporters that conocophillips has informed kazakhstan of their intention to sell their shares . 18 in november 26 in its biggest acquisition ever ongc videsh agreed to buy conocophillips 8.4 % stake in the kashagan oilfield for about us 5 billion . the stake buy is subject to approval of governments of kazakhstan and india and also to other partners in the caspian sea field waiving their pre emption rights . 19 headquarters edit aerial view of the conocophillips headquarters the headquarters of conocophillips are located in the energy corridor district of houston texas . 20 by 2002 the groups organizing the merger had selected houston as the site of the headquarters . governor of oklahoma frank keating said that the move to houston was regrettable . the journal record stated that archie dunham the ceo of conoco inc. apparently highlighted the lack of direct international air travel from oklahoma as a key drawback for the merged firm . 21 the conocophillips headquarters originally the headquarters of conoco inc. was formerly known as the conoco center . 22 23 environmental record edit this section needs to be updated . please update this article to reflect recent events or newly available information . november 2013 on april 11 2007 it became the first u.s. oil company to join the u.s. climate action partnership an alliance of big business and environmental groups . the partnership in january 2007 had advised president george w. bush that mandatory emissions caps would be needed to reduce the flow of carbon dioxide and other heat trapping gases into the atmosphere . in 2007 conocophillips announced it would spend 150 million that year on the research and development of new energy sources and technologies a 50 percent increase in spending from 2006 . 24 however conocophillips left the u.s. climate action partnership in february 2010 . 25 according to the political economy research institute conocophillips ranked 13th among u.s. corporate producers of air pollutions . 26 in june 2011 conocophillips china inc. a wholly owned subsidiary of conocophillips 27 was responsible for a series of oil spills at the penglai 19 3 oil field in bohai bay . 28 conocophillips is a signatory participant of the voluntary principles on security and human rights . see also edit houston portal companies portal energy portal conocophillips alaska marland oil co. fossil fuels lobby references edit conocophillps . company history . retrieved 2008 09 06 . conocophillips who we are . conocophillips . retrieved 23 april 2016 . https www.piersystem.com go doc 5451 1742415 fortune 500 2009 fortune 1000 companies 1 100 . cnn . conocophillips form 8 k12g3 filing date aug 30 2002 . secdatabase.com . retrieved mar 28 2013 . http www.forbes.com sites christopherhelman 2012 04 30 as conocophillips spins off refining assets should you own the new phillips 66 save the 76 ball website conocophillips form 8 k current report filing date mar 31 2006 pdf . secdatabase.com . retrieved mar 28 2013 . conocophillips form 10 q quarterly report filing date aug 3 2006 pdf . secdatabase.com . retrieved mar 28 2013 . http www.reuters.com finance stocks keydevelopments symbol cop.n retrieved at march 28 2011 http www.kgu.or.kr download.php tb bbs 017 & fn session 10 technial paul davies conocophillips.pdf & rn session 10 technial paul davies conocophillips.pdf conocophillips pursuing plan to separate into two stand alone publicly traded companies conocophillips july 14 2011 conocophillips form 8 k current report filing date may 2 2012 . secdatabase.com . retrieved mar 28 2013 . http articles.marketwatch.com 2012 05 01 industries 31507505 1 conocophillips nyse regular trading http finance.yahoo.com news phillips 66 debuts advantaged downstream 120000807.html burkhardt paul ; schlangenstein mary june 15 2012 . delta ceo says airline to pressure prices as jet fuel seller . bloomberg . thyagaraju adinarayan 15 january 2013 . conoco to sell rocky mountain assets to denbury for 1.05 billion . reuters . kazakstan announces conocophillips to quit kashagan oil field . the gazette of central asia . satrapia . 3 october 2012 . indian ovl to buy conocophillips s stake in kashagan field . the gazette of central asia . 27 november 2012 . contact us . conocophillips . retrieved on october 1 2009 . governor says conocophillips headquarters decision appears to be final . journal record . january 23 2002 . retrieved on february 3 2010 . write conoco at the wayback machine archived february 19 1997 conoco inc. february 19 1997 . retrieved on january 16 2010 . conoco world headquarters address at the wayback machine archived november 1 1996 conoco inc. november 1 1996 . retrieved on january 17 2010 . john porretto april 11 2007 . conocophillips joins climate group . seattle post intelligencer . chesser paul 2010 02 24 . chesser world cools toward warmists they brought it on themselves with their fudged facts . washingtontimes.com . washington times . archived from the original on 2010 02 26 . retrieved 2010 02 26 . last week three major corporations conoco phillips bp and caterpillar bailed out on the u.s. climate action partnership lobbyist collaboration . political economy research institute http www.conocophillips.com.cn en about background pages index.aspx conocophillips china company background http www.physorg.com news 2011 07 china oil long term impact.html external links edit wikimedia commons has media related to conocophillips . conocophillips website conocophillips sec filings conoco phillips 76 promotional website world internet news big oil looking for a government handout april 2006 . subsea firm listing cop conocophillips 2007 integrated oil & gas outlook part i march 2007 continental oil co. stock advertisement with drawing los angeles sunday times february 11 1900 oklahoma digital maps digital collections of oklahoma and indian territory v t e conocophillips divisions 101 ranch alaska burlington resources conoco marland phillips lukoil 20 % facilities conoco phillips building denali gas pipeline rampside terminal theddlethorpe terminal people john a. carrig archie w. dunham ernest w. marland james j. mulva frank phillips related topics conoco soccer stadium houston rodeo run phillips 66 phillips 66ers phillips texas v t e petroleum industry petroleum primary energy benchmarks argus sour bonny light brent dubai indonesian isthmus 34 light japan cocktail opec reference basket tapis urals western canadian select west texas intermediate data natural gas consumption production reserves imports exports price petroleum consumption production reserves imports exports price of gasoline and diesel exploration core sampling geophysics integrated asset modelling petroleum engineering reservoir simulation seismic to simulation petroleum geology petrophysics reflection seismology seismic inversion seismic source drilling blowout completion squeeze job differential sticking directional drilling geosteering drilling engineering drilling fluid invasion drill stem test lost circulation measurement tracers underbalanced drilling well logging production petroleum fiscal regime concessions production sharing