ConocoPhillips Company (ConocoPhillips, COP) is a U.S.-based independent exploration and production company focused on crude oil, condensate, natural gas, natural gas liquids (NGLs) and liquefied natural gas (LNG). Headquartered in Houston, it operates across North America, Europe (including the Norwegian North Sea/Ekofisk area), Asia Pacific and the Middle East. The portfolio spans conventional and unconventional resources, along with associated transportation and marketing of produced hydrocarbons.
ConocoPhillips does not operate downstream refining or chemical businesses; those activities were separated with the creation of Phillips 66 in 2012. Its outputs—particularly natural gas and NGLs such as ethane and propane—are important feedstocks for petrochemical manufacturing, while condensates and crude support refining supply chains. The company’s upstream activities influence availability and pricing of key inputs for the chemical industry.