Our history
A long and proud history of finding and producing oil and gas.
Our history illustrates a relentless commitment to safety, a passion for innovation and an ability to adapt to a dynamic marketplace. 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.
Present-2020
2021 |
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ConocoPhillips 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. |
2020 |
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Two 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. |
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August 21, 2020 – ConocoPhillips acquires 140,000 net acres in this liquids-rich play, increasing our position to 295,000 net acres. |
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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. |
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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. |
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2020 |
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March 2020 – Second-quarter production from Eagle Ford, Bakken and Permian reaches record 367,000 BOPD. |
Montney Acreage Added
Sale of Two Lower 48 Assets Completed