ConocoPhillips Overview
Pro stress-test →ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. In 2025, the company generated $60.28 billion in revenue, a 6.78% increase compared to the previous year. The company operates in 13 countries and employs over 9,400 people.
Strategic Profile
Pro stress-test →ConocoPhillips acquired Marathon Oil for $22.5 billion and captured more than $1 billion in run-rate synergies in 2025. The company is pursuing aggressive cost-cutting and disciplined capital returns through lower breakeven costs and high-margin projects, accelerating through the energy transition. The Lower 48 segment represents the largest business based on production, with high-quality unconventional positions offering significant upside potential.
Competitive Landscape
Pro stress-test →ConocoPhillips operates across six segments globally with unconventional plays in North America, conventional assets across multiple regions, and global LNG developments. Major integrated oil company competitors include ExxonMobil, Chevron, and BP, though ConocoPhillips maintains an upstream-focused model with disciplined cost management and high-margin project selection.
Industry Context
ConocoPhillips operates in Oil & Gas Exploration and Production (E&P).
Key facts
Founded: 1917 · Headquarters: Houston, US · Employees: 9,400 · Revenue: $60.28B · Market cap: $109.5B