Information About

Conocophillips




  Company Logo
  Company Type Public ()
  Company Slogan
  Revenue $18852 Billion Last Retrieved 2007-02-01
  Net Income $1555 Billion USD ( 2006 )
  Foundation August 30 , 2002 (merger) <br /> 1875 ( Conoco ) <br /> 1917 ( Phillips )1
  Location Houston, Texas , USA
  Key People James Mulva , CEO & Chairman<br /> John Carrig , CFO
  Num Employees 38,000 ( 2006 )
  Industry Oil And Gasoline
  Products Petrochemical


ConocoPhillips () is an international energy corporation with its headquarters located in Houston, Texas . It was created through the Merger of Conoco Inc. and the Phillips Petroleum Company on August 30 , 2002 . Headquarters are based in Houston, Texas in the United States , and offices are located worldwide. The headquarters of ConocoPhillips Canada are located in Calgary, Alberta in Canada . It is one of the six " Supermajor " vertically integrated oil companies.


OVERVIEW

ConocoPhillips employs approximately 38,700 people worldwide in more than 40 countries. As of 2006, their 12 U.S. refineries had a combined crude processesing capacity of 2,208,000 barrels per day (BPD) making it the second-largest refiner in the United States. Worldwide, they have a combined crude processing capacity of 2,901,000 BPD making it the fifth-largest refiner in the world.


BUSINESS UNITS


Refining & Marketing

ConocoPhillips operates 19 refineries around the world.

In the United States , the company operates Conoco , Phillips 66 , and (Union) 76 (which was part of Unocal for many years, later a Tosco brand before that company was bought by Phillips) retail gas stations.

In Europe , it operates Jet filling stations in Austria , Belgium , Czech Republic , Denmark , Finland , Germany , Hungary , Norway , Poland , Slovakia , Sweden , Thailand (now take over by PTT ) and the United Kingdom .

ProJET is the brand operated in Malaysia, Turkpetrol in Turkey, and COOP in Switzerland.


HISTORY



ENVIRONMENTAL RECORD

On April 11, 2007, ConocoPhillips became the first U.S. oil company to join the U.S. Climate Action Partnership , an alliance of big business and environmental groups that in January sent a letter to President George W. Bush stating that mandatory emissions caps are needed to reduce the flow of Carbon Dioxide and other Heat-trapping Gases into the atmosphere. ConocoPhillips has said it will spend $150 million this year on the Research And Development of New Energy Sources And Technologies — a 50 percent increase in spending from 2006.2

A recent dumps; the Center For Public Integrity has announced that United States Environmental Protection Agency documents link ConocoPhillips to 52 Superfund sites. Center for Public Integrity

In 2003 , ConocoPhillips was named as a defendant in a lawsuit brought by a Georgian environmental group called Green Alternative. The suit claimed that a number of foreign oil companies colluded with the Georgian government to induce authorities to approve a $3 billion Pipeline without properly evaluating environmental impact. ''Houston Business Journal''

In 2007 , a number of environmental groups including the Sierra Club and the Prairie Rivers Network announced their support for ConocoPhillips' plan to expand its Wood River Oil Refinery . A spokesperson for the group said that, despite ConocoPhillips' history of environmental policy violations, she was optimistic that the corporation would comply with pollution laws as it expanded the refinery. ''St. Louis Post-Dispatch''


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