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"ConocoPhillips is an international, integrated energy company. It is the third largest integrated energy company in the United States, based on market capitalization, oil and gas proved reserves and production; and the largest refiner in the United States. Worldwide, of non-government controlled companies, ConocoPhillips has the eighth largest total of proved reserves and is the fourth largest refiner in the world. ConocoPhillips is world renowned for its technological expertise in deepwater exploration and production, reservoir management and exploitation, 3-D seismic technology, high-grade petroleum coke upgrading and sulfur removal.
The company has four core activities worldwide: petroleum exploration and production, petroleum refining, marketing, supply, and transportation. The company has investments in natural gas gathering, processing and marketing, and a 30.3 percent interest in Duke Energy Field Services, LLC. In addition, the company has chemicals and plastic production and distribution through a 50 percent interest in Chevron Phillips Chemical Company LLC. Finally, the company is investing in several emerging businesses in fuels technology, gas-to-liquids, power generation, and emerging technologies that provide current and potential future growth opportunities" (ConocoPhillips, 2004).
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