From the earliest discoveries of oil and the revolutionary improvements that followed to the technological advances that altered the course of history, ConocoPhillips has a long history of improving life for people and communities.
2021ConocoPhillips Acquires Concho Resources
January 15, 2021 - The transaction vastly expands the company’s presence in the Permian, the world’s largest oil field, adding substantial resources and strengthening its competitive advantages in unconventional development.
2020Two Oil Discoveries in Norwegian Sea
November/December 2020 – Two discoveries occur near the Heidrun Field; one estimated to contain 75-to-200 million barrels of recoverable oil equivalent, and the other containing gas condensate. Both are to be evaluated for possible development.
Montney Acreage Added
August 21, 2020 – ConocoPhillips acquires 140,000 net acres in this liquids-rich play, increasing our position to 295,000 net acres.
Sale of Australia-West Interests Completed
May 27, 2020 – Completion of the sale to Santos of subsidiaries that held our Australia-West assets and operations.
Response to COVID-19/Oil Market Downturn
March – April 2020 – Due to rapid changes in the market, we temporarily curtail much of our Lower 48 and Western Canada production, reduce capital and operating costs and suspend share repurchases. Curtailments later end in mid-2020 and repurchases resume in 2021.
2020Sale of Two Lower 48 Assets Completed
March 2020 – Second-quarter production from Eagle Ford, Bakken and Permian reaches record 367,000 BOPD.
Black = Growth over time | Gray = Operational milestones | Red = Firsts (Oil, Production, etc) |
Teal = Discoveries | Blue = Global and community events
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