Exploration & production

ConocoPhillips

Global independent exploration and production company spanning conventional, unconventional, oil-sands, and LNG-linked resources.

Position in the system
UpstreamMidstreamDownstreamPowerCross-system
BTU Graph brief

ConocoPhillips is best understood as a global upstream operator with unusually broad resource types and commercial links, not as a fully integrated refining company.

What ConocoPhillips does

ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, natural gas liquids, and LNG-linked resources across six major operating regions. Its portfolio includes both short-cycle unconventional assets and large conventional projects.

Transportation, marketing, LNG technology, and licensing activities connect production assets to regional and global markets. That range makes portfolio allocation, project delivery, and commodity exposure central to understanding the company.

Capabilities

01Exploration and appraisal
02Unconventional development
03Oil-sands production
04LNG technology
05Commodity marketing

Where it fits

Works with
  • Energy wholesalers
  • LNG buyers
  • Refiners and marketers
Energy markets
  • Oil
  • Natural gas
  • LNG
  • NGLs
Operating regions
  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • Africa
Sector graph

Sources and evidence

Company facts below are paraphrased from the linked sources. BTU Graph's classification and analysis are editorial; inclusion is not an endorsement or customer claim.

  1. 01
    ConocoPhillips Operations

    The operations overview identifies ConocoPhillips' products and current regional operating structure.

    Company operations page · accessed Sep 4, 2026
  2. 02
    ConocoPhillips 2025 Annual Report

    The annual report documents the company's assets, production portfolio, LNG activities, transportation, and marketing operations.

    Regulatory filing · accessed Sep 4, 2026