ConocoPhillips
Encyclopedia
ConocoPhillips Company is an American multinational
energy
corporation with its headquarters located in the Energy Corridor district of Houston, Texas
in the United States. It is also one of the Fortune 500
companies and 22nd on Forbes
Global 2000.ConocoPhillips is the fifth largest private sector energy corporation in the world and is one of the six "supermajor
" vertically integrated
oil companies. It sells fuel under the Conoco, Phillips 66
and Union 76
brands in North America, and Jet in Europe. ConocoPhillips was created through the merger of Conoco Inc.
and the Phillips Petroleum Company on August 30, 2002.
ConocoPhillips employs approximately 29,600 people worldwide in nearly 40 countries. ConocoPhillips is the second-largest refiner in the United States, with crude oil processing capacity of approximately 2.0 MMBD; and the world’s fourth-largest nongovernment-controlled refiner, with crude oil processing capacity of nearly 2.7 MMBD globally.
, the company was a coal
, oil, kerosene
, grease and candles distributor in the West. Marland Oil Company
(founded by exploration pioneer E. W. Marland
) later acquired the assets (subject to liabilities) of Continental Oil Company, for a consideration of 2,317,266 shares of stock. On June 26, 1929, Marland Oil changed its name to Continental Oil Company and moved its headquarters to Ponca City, Oklahoma
. 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.
Numerous state corporation filings are identified "Continental Oil Company" and "Continental Oil Corp." and "Continental Oil Company of Texas" as recorded with the Texas Secretary of State and Delaware Secretary of State. Merger of San Jacinto Petroleum Corp. and Continental Oil Corporation 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 Corporation
before the merger with Conoco. The move prompted a petition campaign by fans hoping to save the historic 76 orange ball signage. On January 20, 2007, a Wall Street Journal article on the petition campaign included a statement from ConocoPhillips that it was changing course and would save several dozen orange and blue 76 balls to give to museums. The company also announced that it would fabricate about 100 new 76 ball signs in the ConocoPhillips color scheme of red and blue, to be placed at select 76 stations.
In March 2006, ConocoPhillips bought Wilhelmshavener Raffineriegesellschaft mbH in Germany, and Burlington Resources
in the United States.
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.
In 2007 the Chevron Corporation
purchased all of the Conoco gas stations in Mississippi to the Texaco
brand, a process to be completed by the end of the year.
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.
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.
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. Following the separation, ConocoPhillips will be a large and geographically diverse exploration and production company with a diversified portfolio, and sufficient size and scale to compete globally. Refining and marketing will be done by the independent Downstream Company. The separation of the companies is expected to be complete in the second quarter of 2012.
On November 10, 2011 - ConocoPhillips [NYSE:COP] announced that the new independent downstream company created through its previously announced strategic repositioning will be named Phillips 66 and will be headquartered in Houston. Phillips 66 will have leading businesses in refining, marketing, midstream and chemicals.
fleets.
Polar Tankers is the US Flagged
shipping arm of ConocoPhillips.
The Endeavour Class vessels were built by Avondale Shipyard
, Northrop Grumman Ship Systems
in Avondale, Louisiana
. They are double hull type tankers of 894.7 ft (272.7 m) and 140,000 DWT
granted a string of nine offshore exploration gas blocks in the Bay of Bengal
to ConocoPhillips. In February 2008, ConocoPhillips was selected for 8 blocks as a lone bidder.
ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights.
ConocoPhillips operates 19 refineries around the world.
In the United States, the company operates Conoco, Phillips 66
and (Union) 76
stations. The 76 brand, long familiar in the western and southern U.S., was created by Union Oil Company of California (later Unocal) in 1932.
In Europe, ConocoPhillips operates Jet
filling stations in Austria, Denmark, Germany, Sweden and the United Kingdom. It sold its Jet stations in Belgium, the Czech Republic, Finland, Hungary, Poland and Slovakia
to its Russian affiliate, Lukoil
. It uses the COOP identity in Switzerland, and in 2010 sold its Norwegian chain (and 40 Swedish stations) to the Finnish company St1
.
The company formerly marketed under the ProJET
brand name in Malaysia and Turkpetrol in Turkey.
* Denotes joint ventures. Crude capacity reflects that proportion.
Sources (Mar 31, 2011)
. http://www.conocophillips.com/EN/products/business/lubricants/Pages/index.aspx
. By 2002 the groups organizing the measure 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." The ConocoPhillips headquarters, originally the headquarters of Conoco Inc., was formerly known as the Conoco Center.
, 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. However, ConocoPhillips left the U.S. Climate Action Partnership
in February, 2010.
According to the Political Economy Research Institute, ConocoPhillips ranked 13th among U.S. corporate producers of air pollutions.
In 2003, ConocoPhillips was named as a defendant in a lawsuit brought by Green Alternative, an environmental group based in the former Soviet republic of Georgia
. 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 the environmental impact.
In June 2011, ConocoPhillips China Inc., a wholly owned subsidiary of ConocoPhillips, was responsible for an oil spill at the Penglai 19-3 oil field in Bohai Bay
.
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
corporation with its headquarters located in the Energy Corridor district of Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
in the United States. It is also one of the Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
companies and 22nd on Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
Global 2000.ConocoPhillips is the fifth largest private sector energy corporation in the world and is one of the six "supermajor
Supermajor
Supermajor is a name commonly used to describe the world's five largest publicly owned oil and gas companies.-Composition:Trading under various names around the world, the supermajors are considered to be:* BP p.l.c...
" vertically integrated
Vertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
oil companies. It sells fuel under the Conoco, Phillips 66
Phillips 66
Phillips 66 is a brand of gasoline and service station in the U.S. It is owned by the ConocoPhillips Company.Phillips 66 will also be the name of the future downstream company created when ConocoPhillips repositions its integrated assets and businesses into two independent, publicly-traded...
and Union 76
Union 76
76 is a chain of gas stations located within the United States. The 76 brand is owned by ConocoPhillips. Union Oil Company of California, dba Unocal, the original owner and creator of the Union 76 brand merged with Chevron Corporation in 2005.In 1997, Unocal sold its western United States refining...
brands in North America, and Jet in Europe. ConocoPhillips was created through the merger of Conoco Inc.
Conoco Inc.
Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. It is now a brand of gasoline and service station in the United States which belongs to the ConocoPhillips Company...
and the Phillips Petroleum Company on August 30, 2002.
ConocoPhillips employs approximately 29,600 people worldwide in nearly 40 countries. ConocoPhillips is the second-largest refiner in the United States, with crude oil processing capacity of approximately 2.0 MMBD; and the world’s fourth-largest nongovernment-controlled refiner, with crude oil processing capacity of nearly 2.7 MMBD globally.
History
Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. Based in Ogden, UtahOgden, Utah
Ogden is a city in Weber County, Utah, United States. Ogden serves as the county seat of Weber County. The population was 82,825 according to the 2010 Census. The city served as a major railway hub through much of its history, and still handles a great deal of freight rail traffic which makes it a...
, the company was a coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
, oil, kerosene
Kerosene
Kerosene, sometimes spelled kerosine in scientific and industrial usage, also known as paraffin or paraffin oil in the United Kingdom, Hong Kong, Ireland and South Africa, is a combustible hydrocarbon liquid. The name is derived from Greek keros...
, grease and candles distributor in the West. Marland Oil Company
Marland Oil Company
Marland Oil Company was an American oil company founded in 1917, by Ponca City, Oklahoma oil exploration pioneer E. W. Marland when he assembled his various holdings including the 101 Ranch Oil Company into one unit, forming Marland Oil Company...
(founded by exploration pioneer E. W. Marland
E. W. Marland
Ernest Whitworth Marland was an American lawyer, oil businessman, and politician who served as the tenth Governor of Oklahoma.-Career as an Oilman:...
) later acquired the assets (subject to liabilities) of Continental Oil Company, for a consideration of 2,317,266 shares of stock. On June 26, 1929, Marland Oil changed its name to Continental Oil Company and moved its headquarters to Ponca City, Oklahoma
Ponca City, Oklahoma
Ponca City is a small city in Kay and Osage counties in the U.S. state of Oklahoma, which was named after the Ponca Tribe. Located in north central Oklahoma, it lies approximately south of the Kansas border, and approximately east of Interstate 35. 25,919 people called Ponca City home at the...
. 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.
Numerous state corporation filings are identified "Continental Oil Company" and "Continental Oil Corp." and "Continental Oil Company of Texas" as recorded with the Texas Secretary of State and Delaware Secretary of State. Merger of San Jacinto Petroleum Corp. and Continental Oil Corporation is recorded in 1964 with Delaware Secretary of State.
In 2005, ConocoPhillips began rebranding its (Union) 76
Union 76
76 is a chain of gas stations located within the United States. The 76 brand is owned by ConocoPhillips. Union Oil Company of California, dba Unocal, the original owner and creator of the Union 76 brand merged with Chevron Corporation in 2005.In 1997, Unocal sold its western United States refining...
gas stations, which Phillips had acquired from Tosco Corporation
Tosco Corporation
Tosco was an independent US based petroleum refining and marketing corporation. It was founded in 1955 in Santa Monica, California by A&P heir Huntington Hartford, and originally focused on extracting oil from oil shale and developing alternative energy sources.-Oil shale operations:In 1964...
before the merger with Conoco. The move prompted a petition campaign by fans hoping to save the historic 76 orange ball signage. On January 20, 2007, a Wall Street Journal article on the petition campaign included a statement from ConocoPhillips that it was changing course and would save several dozen orange and blue 76 balls to give to museums. The company also announced that it would fabricate about 100 new 76 ball signs in the ConocoPhillips color scheme of red and blue, to be placed at select 76 stations.
In March 2006, ConocoPhillips bought Wilhelmshavener Raffineriegesellschaft mbH in Germany, and Burlington Resources
Burlington Resources
Burlington Resources, was an American oil and gas company. Their headquarters were in Houston, Texas. The company was acquired by ConocoPhillips in 2006....
in the United States.
On May 10, 2006, Richard Armitage
Richard Armitage (politician)
Richard Lee Armitage, GCMG AC CNZM was the 13th United States Deputy Secretary of State, the second-in-command at the State Department, serving from 2001 to 2005.-Early life and military career:...
, former deputy-secretary of the U.S. State Department, was elected to the board of directors of the ConocoPhillips oil company.
In 2007 the Chevron Corporation
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...
purchased all of the Conoco gas stations in Mississippi to the Texaco
Texaco
Texaco is the name of an American oil retail brand. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand....
brand, a process to be completed by the end of the year.
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.
ConocoPhillips intends to implement a floating liquefied natural gas
Floating liquefied natural gas
Floating liquefied natural gas refers to water-based liquefied natural gas operations employing technologies designed to enable the development of offshore natural gas resources. While no FLNG facilities currently exist, a facility is in development by Royal Dutch Shell, and is due to be...
facility by 2016-2019, and has completed quantitative risk analysis of a design that will undergo pre-feed study in 2011.
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. Following the separation, ConocoPhillips will be a large and geographically diverse exploration and production company with a diversified portfolio, and sufficient size and scale to compete globally. Refining and marketing will be done by the independent Downstream Company. The separation of the companies is expected to be complete in the second quarter of 2012.
On November 10, 2011 - ConocoPhillips [NYSE:COP] announced that the new independent downstream company created through its previously announced strategic repositioning will be named Phillips 66 and will be headquartered in Houston. Phillips 66 will have leading businesses in refining, marketing, midstream and chemicals.
Tanker fleets
ConocoPhillips has several subsidiary oil tankerOil tanker
An oil tanker, also known as a petroleum tanker, is a merchant ship designed for the bulk transport of oil. There are two basic types of oil tankers: the crude tanker and the product tanker. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries...
fleets.
Polar Tankers is the US Flagged
United States Merchant Marine
The United States Merchant Marine refers to the fleet of U.S. civilian-owned merchant vessels, operated by either the government or the private sector, that engage in commerce or transportation of goods and services in and out of the navigable waters of the United States. The Merchant Marine is...
shipping arm of ConocoPhillips.
The Endeavour Class vessels were built by Avondale Shipyard
Avondale Shipyard
Avondale Shipyard was an independent shipbuilding company, acquired by Litton Industries, in turn acquired by Northrop Grumman Corporation. Now, along with the former Ingalls Shipbuilding, the yard is part of Northrop Grumman Shipbuilding. The yard is located on the West Bank of the Mississippi...
, Northrop Grumman Ship Systems
Northrop Grumman Ship Systems
Northrop Grumman Ship Systems was a former sector or division of Northrop Grumman Corporation which was responsible for building small and medium shipping products...
in Avondale, Louisiana
Avondale, Louisiana
Avondale is a census-designated place in Jefferson Parish, Louisiana, United States, on the West Bank of the Mississippi River. The population was 5,441 at the 2000 census...
. They are double hull type tankers of 894.7 ft (272.7 m) and 140,000 DWT
Deadweight tonnage
Deadweight tonnage is a measure of how much weight a ship is carrying or can safely carry. It is the sum of the weights of cargo, fuel, fresh water, ballast water, provisions, passengers, and crew...
- Polar Endeavour - 2001
- Polar Resolution - 2002
- Polar Discovery - 2003
- Polar Adventure - 2004
- Polar Enterprise - 2007
Exploration, refining and marketing
In February 2011 BangladeshBangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...
granted a string of nine offshore exploration gas blocks in the Bay of Bengal
Bay of Bengal
The Bay of Bengal , the largest bay in the world, forms the northeastern part of the Indian Ocean. It resembles a triangle in shape, and is bordered mostly by the Eastern Coast of India, southern coast of Bangladesh and Sri Lanka to the west and Burma and the Andaman and Nicobar Islands to the...
to ConocoPhillips. In February 2008, ConocoPhillips was selected for 8 blocks as a lone bidder.
ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights.
ConocoPhillips operates 19 refineries around the world.
In the United States, the company operates Conoco, Phillips 66
Phillips 66
Phillips 66 is a brand of gasoline and service station in the U.S. It is owned by the ConocoPhillips Company.Phillips 66 will also be the name of the future downstream company created when ConocoPhillips repositions its integrated assets and businesses into two independent, publicly-traded...
and (Union) 76
Union 76
76 is a chain of gas stations located within the United States. The 76 brand is owned by ConocoPhillips. Union Oil Company of California, dba Unocal, the original owner and creator of the Union 76 brand merged with Chevron Corporation in 2005.In 1997, Unocal sold its western United States refining...
stations. The 76 brand, long familiar in the western and southern U.S., was created by Union Oil Company of California (later Unocal) in 1932.
In Europe, ConocoPhillips operates Jet
Jet (brand)
Jet is the filling station brand of ConocoPhillips, used in Europe.Jet filling stations are located in Austria, Belgium, the Czech Republic, Denmark, Finland, Germany, Hungary, Norway, Poland, Slovakia, Sweden, Thailand and the United Kingdom....
filling stations in Austria, Denmark, Germany, Sweden and the United Kingdom. It sold its Jet stations in Belgium, the Czech Republic, Finland, Hungary, Poland and Slovakia
Slovakia
The Slovak Republic is a landlocked state in Central Europe. It has a population of over five million and an area of about . Slovakia is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east and Hungary to the south...
to its Russian affiliate, Lukoil
LUKoil
Lukoil/LUKoil ; ) is Russia's second largest oil company and its second largest producer of oil. In 2009, the company produced 97.615 million tons of oil; ....
. It uses the COOP identity in Switzerland, and in 2010 sold its Norwegian chain (and 40 Swedish stations) to the Finnish company St1
St1
St1 Oy is a Finnish energy company owning the St1 service stations' chain in Finland, Sweden, Norway and Poland. The company was established in 1995 under the name Greenergy Baltic Oy. In 1997, the St1 chain was established in Finland. In 2000 Greenergy Baltic changed its name to Green. In the...
.
The company formerly marketed under the ProJET
ProJET
ProJET was a chain of petrol stations in Malaysia that was touted as the country's first "Superstation", offering refueling services that accepted both credit card and cash payments, along with additional facilities...
brand name in Malaysia and Turkpetrol in Turkey.
Refineries
| Country | Name | Location | Nelson Complexity Factor | Crude Oil Processing Capacity (MBD) |
|---|---|---|---|---|
 |
Wood River Refinery Wood River Refinery The Wood River Refinery is an oil refinery located in Roxana, Illinois, approximately north of St. Louis, Missouri, on the east side of the Mississippi River. The refinery is currently owned by ConocoPhillips and Cenovus Energy, and operated by the joint-venture company WRB Refining, LLC... |
Roxana, IL | 9.8 | 305 |
| |
Alliance Refinery | Belle Chasse, LA | 12.0 | 247 |
| |
Sweeny Refinery | Old Ocean, TX | 13.2 | 247 |
| |
Bayway Refinery Bayway Refinery Bayway Refinery is a refining facility in the Port of New York and New Jersey, owned by ConocoPhillips. Located in Linden and Elizabeth, New Jersey, it is the northernmost refinery on the East Coast of the United States. The oil refinery converts crude oil into gasoline, diesel fuel, jet fuel, and... |
Linden, NJ | 8.5 | 238 |
| |
Lake Charles Refinery | Westlake, LA | 10.2 | 239 |
| |
Ponca City Refinery | Ponca City, OK | 9.8 | 187 |
| |
Trainer Refinery | Trainer, PA | 8.0 | 185 |
| |
Borger Refinery* | Borger, TX | 12.3 | 73 |
| |
Los Angeles Refinery | Carson/Wilmington, CA | 14.1 | 139 |
| |
San Francisco Refinery | Rodeo, CA/Arroyo Grande, CA | 13.6 | 120 |
| |
Ferndale Refinery | Ferndale, WA | 7.4 | 100 |
| |
Billings Refinery | Billings, MT | 14.3 | 58 |
 |
Teesside Refinery Teesside Refinery The Conocophillips oil and gas Refinery, sometimes referred to as Teesside Refinery, is situated just south of Seaton Carew on the River Tees in north east England.... |
Teesside Teesside Teesside is the name given to the conurbation in the north east of England made up of the towns of Middlesbrough, Stockton-on-Tees, Redcar, Billingham and surrounding settlements near the River Tees. It was also the name of a local government district between 1968 and 1974—the County Borough of... |
10 | 81 |
| |
Humber Refinery Humber Refinery The Humber Refinery is a British oil refinery in South Killingholme, North Lincolnshire. It is situated south of the railway line next to the A160; Total's Lindsey Oil Refinery is north of the railway line.... |
North Lincolnshire North Lincolnshire North Lincolnshire is a unitary authority area in the region of Yorkshire and the Humber in England. For ceremonial purposes it is part of Lincolnshire.... |
11.6 | 221 |
 |
Whitegate Refinery | Cork Cork (city) Cork is the second largest city in the Republic of Ireland and the island of Ireland's third most populous city. It is the principal city and administrative centre of County Cork and the largest city in the province of Munster. Cork has a population of 119,418, while the addition of the suburban... |
3.8 | 71 |
 |
Melaka Refinery | Melaka | 9.8 | 76 |
 |
MIRO Refinery* | Karlsruhe Karlsruhe The City of Karlsruhe is a city in the southwest of Germany, in the state of Baden-Württemberg, located near the French-German border.Karlsruhe was founded in 1715 as Karlsruhe Palace, when Germany was a series of principalities and city states... |
7.9 | 58 |
* Denotes joint ventures. Crude capacity reflects that proportion.
Sources (Mar 31, 2011)
Products
ConocoPhilips is the fourth largest finished lubricants supplier in the United States. ConocoPhillips offers consumers four premier brands, including 76 Lubricants, Conoco, Phillips 66 and Kendall Motor OilMotor oil
Motor oil or engine oil is an oil used for lubrication of various internal combustion engines. The main function is to lubricate moving parts; it also cleans, inhibits corrosion, improves sealing, and cools the engine by carrying heat away from moving parts.Motor oils are derived from...
. http://www.conocophillips.com/EN/products/business/lubricants/Pages/index.aspx
Headquarters
The headquarters of ConocoPhillips are located in the Energy Corridor district of Houston, TexasHouston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
. By 2002 the groups organizing the measure had selected Houston as the site of the headquarters. Governor of Oklahoma
Governor of Oklahoma
The governor of the state of Oklahoma is the head of state for the state of Oklahoma, United States. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma...
Frank Keating
Frank Keating
Francis Anthony "Frank" Keating is an American politician from Oklahoma. Keating served as the 25th Governor of Oklahoma. His first term began in 1995 and ended in 1999...
said that the move to Houston was "regrettable." The Journal Record stated that Archie Dunham, the CEO of Conoco Inc.
Conoco Inc.
Conoco Inc. was an American oil company founded in 1875 as the Continental Oil and Transportation Company. It is now a brand of gasoline and service station in the United States which belongs to the ConocoPhillips Company...
, "apparently highlighted the lack of direct international air travel from Oklahoma as a key drawback for the merged firm." The ConocoPhillips headquarters, originally the headquarters of Conoco Inc., was formerly known as the Conoco Center.
Environmental record
On April 11, 2007, ConocoPhillips became the first U.S. oil company to join the U.S. Climate Action PartnershipU.S. Climate Action Partnership
The U.S. Climate Action Partnership , formed January 22, 2007 is a co-operative group of businesses and leading environmental organizations. The group's primary purpose is to call on the U.S...
, an alliance of big business and environmental groups. The partnership in January 2007 had advised President George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
that mandatory emissions caps would be needed to reduce the flow of carbon dioxide
Carbon dioxide
Carbon dioxide is a naturally occurring chemical compound composed of two oxygen atoms covalently bonded to a single carbon atom...
and other heat-trapping gases
Greenhouse gas
A greenhouse gas is a gas in an atmosphere that absorbs and emits radiation within the thermal infrared range. This process is the fundamental cause of the greenhouse effect. The primary greenhouse gases in the Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide, and ozone...
into the atmosphere. In 2007 ConocoPhillips announced it would spend $150 million that year on the research and development
Research and development
The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of...
of new energy sources and technologies
Energy development
Energy development is the effort to provide sufficient primary energy sources and secondary energy forms for supply, cost, impact on air pollution and water pollution, mitigation of climate change with renewable energy....
— a 50 percent increase in spending from 2006. However, ConocoPhillips left the U.S. Climate Action Partnership
U.S. Climate Action Partnership
The U.S. Climate Action Partnership , formed January 22, 2007 is a co-operative group of businesses and leading environmental organizations. The group's primary purpose is to call on the U.S...
in February, 2010.
According to the Political Economy Research Institute, ConocoPhillips ranked 13th among U.S. corporate producers of air pollutions.
In 2003, ConocoPhillips was named as a defendant in a lawsuit brought by Green Alternative, an environmental group based in the former Soviet republic of Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...
. The suit claimed that a number of foreign oil companies colluded with the Georgian government to induce authorities to approve a $3 billion pipeline
Pipeline transport
Pipeline transport is the transportation of goods through a pipe. Most commonly, liquids and gases are sent, but pneumatic tubes that transport solid capsules using compressed air are also used....
without properly evaluating the environmental impact.
In June 2011, ConocoPhillips China Inc., a wholly owned subsidiary of ConocoPhillips, was responsible for an oil spill at the Penglai 19-3 oil field in Bohai Bay
Bohai Bay
Bohai Bay is one of the three bays forming the Bohai Gulf, the innermost gulf of the Yellow Sea, in northeast China. It borders Hebei province and Tianjin Municipality...
.
See also
- ConocoPhillips AlaskaConocoPhillips AlaskaConocoPhillips Alaska, Inc. is a subsidiary of ConocoPhillips, with its headquarters in Anchorage, Alaska. The company has major lease holdings on the North Slope and is Alaska's largest producer of oil and gas, employing about 1,000 persons....
- Marland Oil CompanyMarland Oil CompanyMarland Oil Company was an American oil company founded in 1917, by Ponca City, Oklahoma oil exploration pioneer E. W. Marland when he assembled his various holdings including the 101 Ranch Oil Company into one unit, forming Marland Oil Company...
- List of automotive fuel brands