ConocoPhillips Menu ABOUT US 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 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 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. 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. 2020 Sale of Two Lower 48 Assets Completed March 2020 – Second-quarter production from Eagle Ford, Bakken and Permian reaches record 367,000 BOPD. NEXT: 2019-2010 KEY COLORS Black = Growth Over Time Gray = Operational Milestones Red = Firsts (Oil, Production, etc) Orange = Discoveries Dark Red = Global and Community Events SHARE ON Facebook Twitter LinkedIn PRINT SUSTAINABILITY REPORT BUILDER ConocoPhillips 925 N. Eldridge Parkway (77079-2703) P.O. Box 2197, Houston, TX 77252-2197 Contact Us 281-293-1000 Footer Navigation Careers News & Media spiritnow Stories About Us Operations Investors U.S. Interest Owners © 2021 ConocoPhillips Company. All Rights Reserved. Terms & Conditions Privacy Policy Cookie Policy Privacy Center This website uses cookies to provide the best user experience. By clicking "Accept All," you consent to the use of cookies while browsing this site. If you would like to adjust your cookie settings, click on "Manage Preferences." For more information, visit our Cookie Policy. ACCEPT ALL MANAGE PREFERENCES