CONOCOPHILLIPS
ConocoPhillips is an independent exploration and production (E&P) company headquartered in Houston, Texas. It was formed in 2002 through the merger of Conoco and Phillips Petroleum. The company's business strategy involves exploring for, producing, transporting, and marketing crude oil, natural gas, natural gas liquids (NGLs), and bitumen worldwide. ConocoPhillips operates in six business segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International. The company's website is www.conocophillips.com, and its ticker symbol is COP on the New York Stock Exchange. Its operations include producing crude oil, NGLs, natural gas, and bitumen in various locations, such as the North Slope of Alaska, the Delaware Basin, the Eagle Ford, the Midland Basin, the Bakken, Norway, Qatar, Libya, China, Malaysia, and Australia. It also has commercial operations in the U.K., Singapore, and Japan. ConocoPhillips' business segments are defined by geographic region. The Alaska segment primarily explores for, produces, transports, and markets crude oil, natural gas, and NGLs in Alaska. The Lower 48 segment consists of operations located in the 48 contiguous U.S. states and the Gulf of Mexico, with a portfolio mainly consisting of low cost of supply, short cycle time, resource-rich unconventional plays. The Canadian segment includes the Surmont oil sands development in Alberta and the liquids-rich Montney unconventional play in British Columbia. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, and Libya. The Asia Pacific segment has exploration and production operations in China, Malaysia, Australia, and commercial operations in China, Singapore, and Japan. The Other International segment includes interests in Colombia and contingencies associated with prior operations in other countries. ConocoPhillips' commercial organization manages its worldwide commodity portfolio, which includes natural gas, crude oil, bitumen, NGLs, LNG, and power. Marketing activities are performed through offices in the U.S., Canada, Europe, and Asia. The company attempts to minimize flow disruptions, maximize realized prices, and manage credit-risk exposure. It sells commodities primarily under contracts with prices based on market indices, adjusted for location, quality, and transportation. ConocoPhillips also purchases and sells third-party commodity volumes to better position the company to satisfy customer demand while fully utilizing transportation and storage capacity. The company maintains memberships in several response and containment partnerships across the globe as a key element of its emergency response preparedness program, including the Marine Well Containment Company (MWCC) and Oil Spill Response Limited (OSRL) - Subsea Well Intervention Service (SWIS). It also maintains memberships in several Oil Spill Response Removal Organizations (OSROs).