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ConocoPhillips Company ( ) is an international energy corporation with its headquarters located in the Energy Corridor district of Houston, Texasmarker in the United States. It is also one of the fortune 500 companies. It is the fifth largest private sector energy corporation in the world and is one of the six "supermajor" vertically integrated oil companies. Its fuel stations are known by the Conoco, Phillips 66 and Union 76 brands. ConocoPhillips was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002.

Overview

ConocoPhillips employs approximately 33,800 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, Utahmarker, 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, Oklahomamarker. 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.
  • In 2005, ConocoPhillips began rebranding its 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.
  • In March 2006, ConocoPhillips bought Burlington Resources.
  • 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.




Business units

Tanker Fleets

ConocoPhillips has several subsidiary oil tanker fleets.

US Flag

Polar Tankers is the US Flagged shipping arm of ConocoPhillips.
Endeavour Class
These vessels were built by Avondale Shipyardmarker, Northrop Grumman Ship Systems in Avondale, LAmarker. They are double hull type tankers of 894.7 ft long and 140,000 DWT
  • Polar Endeavour - 2001
  • Polar Resolution - 2002
  • Polar Discovery - 2003
  • Polar Adventure - 2004
  • Polar Enterprise - 2007


Foreign Flag



Exploration, Refining & Marketing

Recently, Bangladeshmarker granted a string of nine offshore exploration gas blocks in the Bay of Bengalmarker to ConocoPhillips. In February 2008, ConocoPhillips was selected for 8 blocks as a lone bidder.

ConocoPhillips operates 19 refineries around the world.

In the United States, the company operates Conoco, Phillips 66 and 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, Belgium, the Czech Republic, Denmark, Finland, Germany, Hungary, Norway, Poland, Slovakiamarker, Sweden and the United Kingdom.

The company markets under the ProJET brand name in Malaysia, Turkpetrol in Turkey and COOP in Switzerland.

Country Name Location Crude Processing Capacity (KBD)
Wood River Refinerymarker Roxana, ILmarker 306
Wilhelmshaven Refinery Wilhelmshavenmarker 260
Alliance Refinery Belle Chasse, LAmarker 247
Sweeny Refinery Old Ocean, TXmarker 247
Bayway Refinerymarker Linden, NJmarker 238
Lake Charles Refinery Westlake, LAmarker 239
Humber Refinerymarker North Linconshire 265
Ponca City Refinery Ponca City, OKmarker 187
Trainer Refinery Trainer, PAmarker 185
Borger Refinery* Borger, TXmarker 146
Los Angeles Refinery Carsonmarker/Wilmington, CAmarker 139
San Francisco Refinery Rodeo, CAmarker 120
Ferndale Refinery Ferndale, WAmarker 105
Whitegate Refinery Corkmarker 71
Billings Refinery Billings, MTmarker 118
Melaka Refinery Melakamarker 58
MIRO Refinery* Karlsruhemarker 56
Czech Refineries* Kralupy & Litvínovmarker 27
* Denotes joint ventures. Crude capacity reflects that proportion.

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. 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.

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 Georgiamarker. The suit claimed that a number of foreign oil companies colluded with the Georgia government to induce authorities to approve a $3 billion pipeline without properly evaluating environmental impact.

See also



References



External links




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