ConocoPhillips operates exploration and production fields as well as gathering and pipeline infrastructure with assets in the United States, Canada, Norway, China, Indonesia, Malaysia, and Libya. Operations are organized into six geographic business units: Alaska, Lower 48, Canada, Europe & North Africa, Asia Pacific & Middle East, and Other International. Common shares are listed on the NYSE (COP) exchange.
Utah-based Continental Oil & Transportation was formed in 1875 and acquired by Standard Oil in 1885 only to be separated from Standard in 1911 following the directive from the supreme court. Marland Oil was created in 1917 following EW Marland's oil discovery near Ponca City, Oklahoma in 1911. Phillips Petroleum was founded in 1919 following the 1905 discovery of oil near Bartesville, Oklahoma. JP Morgan acquired Marland Oil in 1928 following financial distress. Marland acquired Baltimore-based Prudential Refining later in 1928 and merged with Continental in 1929 to form Conoco. Phillips acquired Independent Oil & Gas in 1930 to increase refining and retail capacities.
In 2000, Phillips and Chevron merged their chemical and plastics operations to create ChevronPhillips joint venture with 50-50 ownership. Conoco and Phillips completed a merger in 2002 to form ConocoPhillips with headquarters in Houston. ConocoPhillips acquired Burlington Resources in 2005 and Concho Resources in January 2021.