Who Owns ConocoPhillips?
ConocoPhillips is the corporate brand of ConocoPhillips (NYSE: COP), the largest independent oil and gas exploration and production company in the world, headquartered in Houston, Texas. Formed in 2002 by the merger of Conoco and Phillips Petroleum and focused purely on upstream operations since the 2012 Phillips 66 spin-off, the brand represents a business that produced 2,375 thousand barrels of oil equivalent per day in 2025 across 14 countries. The Conoco, Phillips 66, and 76 fuel brands belong to a separate company.
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Who Owns ConocoPhillips?
- Parent Company: ConocoPhillips
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: COP
| Brand | Parent Company | Ownership Type |
|---|---|---|
| ConocoPhillips | ConocoPhillips | Brand division |
History of ConocoPhillips
- Founded: 2002
- Founders: Merger of Conoco Inc. and Phillips Petroleum Company
The ConocoPhillips name combines two companies founded in the early American oil industry. Conoco began as Continental Oil and Transportation in Ogden, Utah in 1875, founded by Isaac Elder Blake to distribute oil products in the West. Phillips Petroleum was founded in 1917 in Bartlesville, Oklahoma by brothers L.E. and Frank Phillips, cattlemen who struck oil and built one of the largest independent producers in the country, famous for the Phillips 66 fuel brand and the invention of Marlex polyethylene.
The two merged on August 30, 2002 in a roughly $15 billion stock transaction that created the third-largest U.S. oil company at the time, an integrated major running refineries, chemicals ventures, pipelines, and thousands of Conoco, Phillips 66, and 76 stations. The 2006 acquisition of Burlington Resources for about $35 billion briefly made it the largest North American natural gas producer.
A post-financial-crisis restructuring reshaped the company. ConocoPhillips sold billions in assets to repair its balance sheet, and on May 1, 2012 it completed the decisive move: spinning off its entire refining, marketing, chemicals, and midstream business to shareholders as Phillips 66, a new NYSE-listed company that took the Conoco, Phillips 66, 76, and JET brands with it. What remained under the ConocoPhillips name was a pure exploration and production company, one of the first integrated majors to deliberately break itself up.
The E&P-era company built its identity around shale and capital discipline. It acquired Concho Resources for $9.7 billion in January 2021, deepening its Permian position, and developed Alaska's Willow project after a 2017 discovery in the National Petroleum Reserve-Alaska. The November 22, 2024 completion of the $22.5 billion Marathon Oil acquisition added major Permian, Eagle Ford, Bakken, and Equatorial Guinea positions, making the deal one of the largest E&P transactions of the decade.
In 2025 the company integrated Marathon, doubled synergy capture to more than $1 billion on a run-rate basis, cut its workforce by 20 to 25 percent including contractors, and produced a record 2,375 MBOED. Fiscal 2025 closed with $61.5 billion in total revenues and other income and $8.0 billion in earnings.
About ConocoPhillips
What does ConocoPhillips own?
ConocoPhillips owns oil and gas exploration and production assets across 14 countries, including shale positions in the Permian, Eagle Ford, and Bakken, Alaska's Kuparuk and Alpine fields and the Willow project under construction, Canadian oil sands, offshore and conventional assets in Norway, Malaysia, Libya, and China, and equity stakes in LNG ventures. It no longer owns the Conoco, Phillips 66, or 76 fuel brands, which belong to Phillips 66.
Is ConocoPhillips publicly traded?
Yes. ConocoPhillips trades on the New York Stock Exchange under the ticker COP. It is a component of the S&P 500 and is owned broadly by institutional and retail investors, with index funds managed by Vanguard, BlackRock, and State Street among its largest holders.
Who founded ConocoPhillips?
ConocoPhillips was formed by merger in 2002 rather than founded by individuals. Its predecessor companies were founded by Isaac Elder Blake, who started Continental Oil in Ogden, Utah in 1875, and brothers L.E. and Frank Phillips, who founded Phillips Petroleum in Bartlesville, Oklahoma in 1917.
Where is ConocoPhillips headquartered?
ConocoPhillips is headquartered in Houston, Texas. Its largest operating subsidiary presence outside Houston is in Anchorage, Alaska, and it maintains offices and operating organizations across its 14 countries of activity.
How many brands does ConocoPhillips own?
Effectively one: the ConocoPhillips corporate brand itself. The consumer fuel brands historically associated with the company, Conoco, Phillips 66, 76, and JET, were transferred to Phillips 66 when the downstream business was spun off in May 2012. Marathon Oil survives as a subsidiary name after the 2024 acquisition but is being integrated operationally.
Who owns ConocoPhillips?
ConocoPhillips is owned by its public shareholders. No single investor or family controls the company, and the largest positions are held by index fund managers. Ryan Lance has served as chairman and CEO since 2012.
What is ConocoPhillips' revenue?
ConocoPhillips reported total revenues and other income of $61.5 billion for fiscal year 2025, up from $57.0 billion in 2024. Earnings were $8.0 billion and adjusted earnings were $7.7 billion for the year.
- Founded: 2002
- Headquarters: Houston, Texas, USA
- Company Type: Publicly Traded
- Stock: NYSE: COP
- Revenue: $61.5 billion (FY2025)
- Employees: Approximately 9,900
Where Is ConocoPhillips Made / Based?
- Headquarters: Houston, Texas, USA
- Manufacturing / Operations: United States, Canada, Norway, Australia, Qatar, Malaysia, Libya, China
ConocoPhillips Categories & Tags
ConocoPhillips Recalls & Controversies
The Willow project is the central public controversy attached to the ConocoPhillips name. Approved by the Biden administration in 2023 in a reduced three-drill-site configuration, the project drew millions of public comments and litigation from environmental organizations over projected emissions, while retaining majority political support within Alaska. Construction continued through legal challenges and the project is expected to begin producing in 2029.
The September 2025 announcement of a 20 to 25 percent global workforce reduction, roughly 2,600 to 3,250 positions, drew sustained regional attention, particularly on Alaska's North Slope where about 10 to 12.5 percent of positions were cut and a group of employees petitioned the National Labor Relations Board to unionize with the United Steelworkers.
ConocoPhillips is a defendant in climate-liability litigation brought by U.S. states and municipalities seeking damages tied to historical fossil fuel production, industry-wide cases proceeding through state and federal courts without final resolution. It has also paid periodic environmental fines and settlements at operating sites, a normal regulatory pattern for a producer of its scale.
ConocoPhillips Ownership: Pros & Cons
Advantages
- +Public listing gives the enterprise transparent access to equity and debt capital for major projects and acquisitions.
- +No controlling shareholder means governance follows conventional board oversight rather than concentrated influence.
- +Pure upstream focus makes the brand and equity a clean oil-price exposure without downstream noise.
- +Deep institutional ownership provides a stable, long-horizon shareholder base.
Considerations
- -The absence of consumer brands limits public engagement channels to corporate communications and investor relations.
- -Full commodity-price exposure means earnings and brand reputation swing with oil and gas markets.
- -Willow concentrates regulatory, legal, and reputational risk in a single high-visibility project.
- -Workforce reduction on the scale undertaken in 2025 creates operational-capability and morale risks during project ramp-ups.
Frequently Asked Questions About ConocoPhillips
Sources & Further Reading
Competitors to ConocoPhillips
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Baker Hughes | USA | 1907 | Market leader | Global | All-ages | |
| Eog Resources | USA | 1999 | Mass market | United states | All Genders | |
| Occidental Petroleum | USA | 1920 | Mass market | United states | All Genders | |
| Shell Plc | United Kingdom | 1907 | Mass market | Global | All-ages |
Learn More About Competitors
Energy UtilitiesBaker Hughes
Owned by Baker Hughes Company
Master brand of Baker Hughes Company, the global energy technology company providing oilfield services and industrial energy technology including LNG equipment and turbomachinery.
oilfield-servicesenergy-technologylng
Energy UtilitiesEOG Resources
Owned by EOG Resources, Inc.
American crude oil and natural gas brand founded in 1999, flagship and sole operating brand of EOG Resources, Inc., producing 1.23 million barrels of oil equivalent per day.
oil-and-gasenergyexploration
Energy UtilitiesOccidental Petroleum (Oxy)
Owned by Occidental Petroleum Corporation
Oil and gas brand of Occidental Petroleum Corporation, producing crude and natural gas across the Permian Basin, Gulf of America, and the Middle East.
oil-and-gasenergypermian-basin
Energy UtilitiesShell
Owned by Shell plc
Global energy and petrochemical brand operating approximately 46,000 gas stations in 70+ countries. Shell plc reported FY2025 adjusted earnings of $18.5 billion and cash flow from operations of $42.9 billion.
energygas-stationsoil
Competitive Analysis
Market Positioning: ConocoPhillips competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to ConocoPhillips
Looking for brands with different ownership structures? These similar brands are not owned by ConocoPhillips, giving you alternative choices that support different corporate structures.
Energy UtilitiesAdani Power
Owned by Adani Group
India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.
power-generationenergythermal-power
Privately Owned
Adani Power is privately owned, unlike ConocoPhillips which is under a publicly traded parent company.
Energy UtilitiesAdani Green Energy
Owned by Adani Group
Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.
renewable-energysolarwind
Privately Owned
Adani Green Energy is privately owned, unlike ConocoPhillips which is under a publicly traded parent company.
Energy UtilitiesBaker Hughes
Owned by Baker Hughes Company
Master brand of Baker Hughes Company, the global energy technology company providing oilfield services and industrial energy technology including LNG equipment and turbomachinery.
oilfield-servicesenergy-technologylng
Publicly Traded
Baker Hughes operates independently without a large parent corporation.
Energy UtilitiesCenex
Owned by CHS Inc.
American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.
fuelgas-stationsconvenience-stores
Privately Owned
Cenex is privately owned, unlike ConocoPhillips which is under a publicly traded parent company.
Energy UtilitiesEOG Resources
Owned by EOG Resources, Inc.
American crude oil and natural gas brand founded in 1999, flagship and sole operating brand of EOG Resources, Inc., producing 1.23 million barrels of oil equivalent per day.
oil-and-gasenergyexploration
Publicly Traded
EOG Resources operates independently without a large parent corporation.
Energy UtilitiesJSW Energy
Owned by JSW Group
JSW Energy Limited is an Indian independent power producer and subsidiary of JSW Group, operating thermal, hydro, solar, and wind assets with over 10 GW of installed capacity and a target of 30 GW by 2030.
renewable-energysolarwind
Privately Owned
JSW Energy is privately owned, unlike ConocoPhillips which is under a publicly traded parent company.
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