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2024-09-22 08:20:01

ConocoPhillips

American multinational engaged in hydrocarbon exploration.
American multinational engaged in hydrocarbon exploration.

ConocoPhillips operates in 15 countries with major production in the US, Norway, Australia, and others. It has significant reserves and is ranked in Fortune 500 and Forbes lists.

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1859
First Oil Discovery

The earliest discovery of oil marked the beginning of the oil industry, leading to significant advancements in technology and shaping the modern world.

1875
Founding of Continental Oil and Transportation Company (Conoco)

In 1875, the Continental Oil and Transportation Company, later known as Conoco, was founded in Ogden, Utah. It became independent in 1913 after being part of Standard Oil.

1905
First Production: Anna Anderson #1

The initial production from the oil well named Anna Anderson #1 takes place.

1909
First Filling Station in the West

Continental Oil constructs the first filling station in the Western United States and establishes a fleet of delivery trucks equipped with three tanks to transport various fuel types.

1917
Phillips Establishment

In 1917, Phillips was established, playing a significant role in the oil and gasoline sector. This event eventually led to the formation of ConocoPhillips in 2002.

1926
Phillips acquires first refinery near Borger, TX

In 1926, Phillips entered the refining business by acquiring its first refinery near Borger, TX, which was later renamed the Borger Refinery.

1927
Phillips Petroleum Enters Refining and Marketing Businesses

In 1927, Phillips Petroleum enters the refining and marketing businesses, opening its first gas station in Wichita, Kansas, under the Phillips 66 brand name.

1928
Continental Oil expands service stations and merges with other producers

Continental Oil expands its presence by establishing over 1,000 service stations in 15 states, featuring the trademark Continental soldier. The company also starts producing and refining crude oil, while merging with various other producers but maintaining the name Continental Oil.

1929-06-26
Marland Oil Company acquires Continental Oil Company

Marland Oil Company acquired the assets of Continental Oil Company and changed its name to Continental Oil Company. The acquisition included the transfer of the red triangle logo to Conoco, which became its logo until 1970.

1929-09-15
Conoco stock trading and stock market crash

One month after Conoco stock first traded on the New York Stock Exchange, the stock market crashed. Conoco faced economic challenges but managed to expand refinery capacity, build pipelines, and introduce new products like engine lubricants.

1950
Continental Oil Relocates Headquarters to Houston

In 1950, Continental Oil relocates its headquarters to Houston.

1972
Diversification of Conoco into Various Industries

By 1972, Conoco had diversified its operations into coal, chemicals, plastics, fertilizers, and minerals, accumulating over $2.3 billion in assets.

1975
Conoco: The First One Hundred Years Book

The book 'Conoco: The First One Hundred Years' was published by Dell Publishing in 1975.

1981-09-30
DuPont's Acquisition of Conoco Inc.

In 1981, DuPont acquired 100 percent of Conoco's stock for about US$7.4 billion, marking the largest merger in U.S. history at that time. This acquisition was a result of a bidding war sparked by Seagram Company Ltd.'s takeover attempt of Conoco Inc.

1982-11-01
Phillips Exciting New Find

Phillips experienced an exciting new find that brightened its future, as discussed in Barron's.

1983
Phillips: The First 66 Years Book

The book 'Phillips: The First 66 Years' was published by Phillips Petroleum Company in 1983.

1987
Discovery of Major Gas Deposits in North Sea's 'V' Fields

In 1987, Conoco discovered significant gas deposits in the North Sea's 'V' fields. This discovery was significant and marked a milestone for the company.

1988-06-27
Bitter Dispute Over Conoco Refinery in Ponca City

An article in Business Week on June 27, 1988, discussing a dispute over the Conoco Refinery in Ponca City.

1990
Conoco's Use of Double-Hulled Tankers

In 1990, Conoco made a significant announcement that it would exclusively use double-hulled tankers for oil transportation, setting a standard ahead of industry regulations.

1991-10-15
Phillips Petroleum Route 66 Article

An article in Financial World highlighted Phillips Petroleum's connection to Route 66.

1993
Conoco's Expansion into Asia

In 1993, Conoco began developing refining and marketing operations in Asia, starting with gas stations in Thailand under the Jet brand name, aiming for significant growth in the region.

1994-09-01
Conoco's Oil Exploration in Tundra

An article in the Wall Street Journal on September 1, 1994, reporting on Conoco's oil exploration activities in the tundra.

1995-03-27
Conoco's Response to Iran Signals

An article in Business Week on March 27, 1995, questioning why Conoco did not anticipate signals from Washington regarding Iran.

1995-10-26
Conoco Expansion into Asia

Conoco's expansion into Asia was covered in the Far Eastern Economic Review.

1995-12-01
Conoco Leadership Change

Conoco underwent a changing of the guard in its leadership, as mentioned in the Houston Business Journal.

1995-12-05
DuPont's CEO and Conoco Spin Off

An article in Financial World on December 5, 1995, discussing the possibility of DuPont's new CEO spinning off Conoco.

1997-06-03
Conoco's Dunham Makes Bold Moves to Hit Big Goals

An article in the Wall Street Journal on June 3, 1997, highlights the strategic decisions made by Conoco's Dunham to achieve significant objectives.

1998-05-12
DuPont Plans to Shed Conoco Oil Unit

DuPont announces intentions to divest the Conoco oil unit, as reported in the Wall Street Journal on May 12, 1998.

1998-08-19
Phillips Merger Speculation

There were speculations about Phillips being a potential candidate for a merger, as mentioned in the Tulsa World.

1998-10-22
Conoco Separates from DuPont in Largest IPO

On October 22, 1998, Conoco officially separated from DuPont in the largest Initial Public Offering (IPO) in history at that time, raising nearly $4.4 billion. Conoco's stock began trading again with a new symbol, 'COC,' paying homage to its original name, Continental Oil Company.

1998-11-17
Conoco Transformation

An article in the Houston Chronicle discussed how Conoco underwent a transformation, likening it to a leopard changing its spots.

1999-07-12
DuPont Offers $11.65 Billion Swap of Shares to Shed Rest of Conoco

DuPont proposes a $11.65 billion share swap to offload the remaining stake in Conoco, according to the Wall Street Journal on July 12, 1999.

2000-02-14
Chevron, Phillips Chemical Joint Venture

Chevron and Phillips announced the formation of a large chemical joint venture, detailed in the Oil and Gas Journal.

2001-02-05
Phillips Acquisition of Tosco

Phillips made a significant $7.49 billion deal to acquire Tosco, reflecting a strategic shift towards output and exploration, according to the Wall Street Journal.

2001-06-04
Conoco's Acquisition of Gulf Canada

Conoco's acquisition of Gulf Canada was part of the merger wave in the oil and gas industry, as reported in the Oil and Gas Journal.

2001-11-26
Phillips, Conoco Merger Announcement

Phillips and Conoco announced a $35 billion 'merger of equals' plan, detailed in the Oil and Gas Journal.

2002-08-30
ConocoPhillips Merger

On August 30, 2002, ConocoPhillips was formed through a merger between Conoco and Phillips. The company became a major player in the oil and gasoline industry.

2004-09-29
ConocoPhillips/LUKOIL Alliance

On September 29, 2004, ConocoPhillips and LUKOIL established a strategic alliance with backing from the Russian and U.S. governments.

2005-12-21
ConocoPhillips Acquires Burlington Resources

On December 21, 2005, ConocoPhillips revealed its intention to purchase Burlington Resources in a significant $35.6 billion deal.

2006-05-10
Richard Armitage Elected to ConocoPhillips Board of Directors

On May 10, 2006, Richard Armitage, former deputy-secretary of the U.S. State Department, was elected to the board of directors of ConocoPhillips oil company.

2007-04-11
ConocoPhillips Joins U.S. Climate Action Partnership

On April 11, 2007, ConocoPhillips became the first U.S. oil company to join the U.S. Climate Action Partnership, advocating for mandatory emissions caps to reduce greenhouse gas emissions.

2007-12-31
ConocoPhillips Refining Operations

As of December 31, 2007, ConocoPhillips was the second-largest refiner in the United States and the fifth-largest non-governmental controlled refiner globally, operating 19 refineries worldwide with a refining capacity of 2.7 million BPD.

2008-01
ConocoPhillips Retail Gas Stations in the United States

In January 2008, ConocoPhillips operated retail gas stations under the brands Conoco, Phillips 66, and (Union) 76 in the United States.

2010-02
ConocoPhillips leaves U.S. Climate Action Partnership

In February 2010, ConocoPhillips, along with BP and Caterpillar Inc., left the U.S. Climate Action Partnership, signaling a shift in their environmental commitments.

2011-07-14
ConocoPhillips' Decision to Separate Upstream and Downstream Businesses

On July 14, 2011, ConocoPhillips announced its intent to separate the company's upstream and downstream businesses into two stand-alone, publicly traded corporations to maximize shareholder value.

2012-05-01
Formation of Phillips 66 as a Separate Entity

On May 1, 2012, all midstream, downstream, marketing, and chemical operations of ConocoPhillips were separated into a new company named Phillips 66, headquartered in Houston.

2012-11-26
ONGC Videsh Acquisition of ConocoPhillips' Stake in Kashagan Oilfield

On November 26, 2012, ONGC Videsh agreed to buy ConocoPhillips' 8.4% stake in the Kashagan oilfield for approximately US$5 billion, marking ConocoPhillips' largest acquisition ever.

2013-01
Sale of Rocky Mountain Assets

In January 2013, ConocoPhillips announced the sale of its Rocky Mountain assets to Denbury Resources for $1.05 billion.

2015
ConocoPhillips settles lawsuit over gas stations in California

In 2015, ConocoPhillips and Phillips 66 agreed to pay $11.5 million to settle a lawsuit regarding violations of anti-pollution laws at gas stations in California.

2016-07
Sale of Senegalese Exploration Blocks to Woodside Petroleum

In July 2016, ConocoPhillips agreed to sell a 35% stake in three Senegalese deepwater oil and gas exploration blocks for about $350 million to Woodside Petroleum.

2016-11
Announcement of Headquarters Move to Energy Center Four

In November 2016, ConocoPhillips announced the move of its headquarters to Energy Center Four by 2018.

2017-02
Ecuador ordered to pay $380 million to ConocoPhillips

In February 2017, Ecuador was ordered to pay $380 million to ConocoPhillips for unlawfully expropriating the company's oil investments.

2017-03
ConocoPhillips sells assets to Cenovus Energy for $13.3 billion

In March 2017, ConocoPhillips agreed to sell its Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus Energy for $13.3 billion.

2017-05
ConocoPhillips settles groundwater contamination lawsuit in New Jersey

In May 2017, ConocoPhillips agreed to a $39 million settlement for groundwater contamination complaints in New Jersey, linked to the gasoline additive MTBE.

2017-06
ConocoPhillips sells assets in the Barnett Shale for $305 million

In June 2017, ConocoPhillips agreed to sell assets in the Barnett Shale for $305 million.

2017-08
ConocoPhillips sells business in the San Juan Basin for $2.5 billion

In August 2017, ConocoPhillips sold its business in the San Juan Basin for $2.5 billion.

2018-05
ConocoPhillips seizes assets from PDVSA in Curacao

In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curacao to collect on $2 billion owed since a 2007 court decision.

2019-03
World Bank rules Venezuela to pay ConocoPhillips $8.7 billion

In March 2019, the World Bank ruled that Venezuela must pay ConocoPhillips $8.7 billion to compensate for the 2007 expropriation of oil assets.

2019-04
ConocoPhillips sells stake in Greater Sunrise Fields to Timor-Leste

In April 2019, ConocoPhillips sold a 30% stake in the Greater Sunrise Fields to the government of Timor-Leste.

2019-05
ConocoPhillips settles lawsuit over pollution in Oklahoma City

In May 2019, ConocoPhillips settled a lawsuit with homeowners in northwestern Oklahoma City over soil and water pollution allegations, affecting plant growth.

2019-09
ConocoPhillips sells business in the United Kingdom for $2.675 billion

In September 2019, ConocoPhillips sold its business in the United Kingdom for $2.675 billion.

2020-05-27
Sale of Australia-West Assets to Santos

On May 27, 2020, ConocoPhillips completed the sale of its Australia-West assets to Santos Limited for $1.39 billion.

2020-08-21
ConocoPhillips acquires 140,000 net acres

On August 21, 2020, ConocoPhillips acquired 140,000 net acres in a liquids-rich play, expanding their total position to 295,000 net acres.

2020-10-19
ConocoPhillips announces acquisition of Concho Resources for $9.7 billion

On October 19, 2020, ConocoPhillips announced it would buy Concho Resources for $9.7 billion, making it the third-largest energy company operating in the oil-rich Permian Basin.

2020-12-31
ConocoPhillips Total CO2e Emissions Report

ConocoPhillips reported a total of 16,200 Kt of CO2e emissions (Direct + Indirect) for the twelve months ending on December 31, 2020, showing a decrease of 4,300 Kt or 21% year-over-year.

2021-01-15
ConocoPhillips Acquires Concho Resources

On January 15, 2021, ConocoPhillips acquired Concho Resources, significantly increasing its footprint in the Permian Basin, the largest oil field globally. This acquisition bolstered ConocoPhillips' resources and enhanced its position in unconventional development.

2022-02
ConocoPhillips pilot program to sell flare gas for bitcoin mining

In February 2022, ConocoPhillips announced a pilot program to sell flare gas for bitcoin mining, aiming to reduce routine flaring and address environmental concerns.

2022-06
ConocoPhillips stake in joint venture with QatarEnergy for NFE expansion

In June 2022, ConocoPhillips became a stakeholder in a joint venture with QatarEnergy for the North Field East (NFE) expansion, holding 3.125% and also holding 6.25% stakes in the North Field South (NFS) for future production.

2023
ConocoPhillips purchase of 50% stake in Surmont Canadian facility

In 2023, ConocoPhillips purchased another 50% stake in the Surmont Canadian facility from TotalEnergies for $3 billion.

2024-04-05
ConocoPhillips All-Time High Stock Closing Price

The all-time high ConocoPhillips stock closing price was 133.52 on April 05, 2024.

2325
Market Cap of ConocoPhillips

ConocoPhillips had a market capitalization of $150.968 billion in 2325.

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ConocoPhillips

ConocoPhillips is a multinational energy corporation engaged in oil and gas exploration, production, and marketing.

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ConocoPhillips
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