ConocoPhillips is an independent exploration and production company that explores for, produces, transports, and markets crude oil, bitumen, natural gas, and liquefied natural gas (LNG) worldwide. Headquartered in Houston, Texas, the company operates across multiple countries with significant assets in the U.S. Lower 48, Alaska, Norway, Canada, and Australia. It is distinctive as one of the world's largest pure-play upstream energy companies following the 2012 spin-off of its downstream operations. The company manages its operations through geographic segments, including the U.S. Lower 48 (featuring major unconventional positions in the Permian, Eagle Ford, and Bakken basins), Alaska, Canada, Europe, Middle East and North Africa, and Asia Pacific. ConocoPhillips's portfolio spans short-cycle shale, lower-decline conventional and oil sands production, and major LNG developments. The company focuses on maintaining a low cost of supply and low-decline asset base to generate consistent financial returns.
