ConocoPhillips Company Overview
ConocoPhillips Company (ConocoPhillips) is engaged in the exploration, production, transportation, and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas globally. It is the world’s largest independent E&P company in terms of production and proved reserves. It operates through six segments, namely, Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and corporate & other. The Alaska segment covers the production, transportation, and marketing of crude oil, natural gas, and natural gas liquids.
ConocoPhillips has a presence all over the world, including countries such as the US, Australia, Canada, China, Indonesia, Malaysia, Norway, and the UK. ConocoPhillips Alaska, Polar Tankers Inc., Gulf Canada, ConocoPhillips Ltd., ConocoPhillips Australia Pty Ltd., ConocoPhillips China Inc., and Norske ConocoPhillips A/S are some of its subsidiaries.
Strategy
ConocoPhillips strategizes to increase its market presence with the acquisition of pipeline manufacturers across the globe. Such developments are expected to strengthen its market position and product innovation capacity. The company focuses on employee development through regular employee performance assessments, leadership development measures, and systematic succession planning. It has also been focusing on increasing investments in developing energy-efficient technologies and pipeline manufacturing processes to reduce CO2 emissions.
