Founding of Continental Oil and Transportation Company
The Continental Oil and Transportation Company, which would later become Conoco, was founded in Ogden, Utah. It began as a distributor of coal, oil, kerosene, benzene, and other products.
1875
1917
Formation of Phillips Petroleum Company
Phillips Petroleum Company was founded by L.E. Phillips and Frank Phillips in Bartlesville, Oklahoma. The company initially focused on oil exploration and production.
1929
Conoco Acquires Marland Oil Company
Conoco merged with Marland Oil Company, significantly expanding its assets and operations in the United States.
1947
First Offshore Oil Well
Conoco drilled its first offshore oil well in the Gulf of Mexico, marking a significant milestone in the company's exploration capabilities.
1965
Phillips Introduces Polypropylene Plastic
Phillips Petroleum Company introduced Marlex, a high-density polyethylene plastic, which became widely used in various industries, including toys and containers.
1981
Conoco Acquired by DuPont
DuPont acquired Conoco Inc., making it a wholly-owned subsidiary and expanding DuPont's energy and petroleum operations.
1983
Discovery of Ekofisk Oil Field
Phillips Petroleum discovered the Ekofisk oil field in the North Sea, one of the largest oil fields in the region, significantly boosting its reserves and production.
1998
Conoco Becomes Independent from DuPont
Conoco was spun off from DuPont and became an independent, publicly traded company once again.
2001
Phillips Petroleum Acquires Tosco Corporation
Phillips Petroleum acquired Tosco Corporation, making it one of the largest refiners and marketers of petroleum products in the United States.
2002
Merger of Conoco and Phillips Petroleum
Conoco Inc. and Phillips Petroleum Company merged to form ConocoPhillips, creating one of the largest energy companies in the world.
2006
Acquisition of Burlington Resources
ConocoPhillips acquired Burlington Resources, a major player in natural gas exploration and production, enhancing its portfolio in North America.
2012
Spin-off of Phillips 66
ConocoPhillips spun off its downstream assets, creating a new independent company, Phillips 66, to focus on refining and marketing operations.
2016
Strategic Shift to Focus on Exploration and Production
ConocoPhillips announced a strategic shift to focus exclusively on exploration and production, divesting various non-core assets to streamline operations.
2020
Acquisition of Concho Resources
ConocoPhillips acquired Concho Resources, a leading shale producer, enhancing its position in the Permian Basin and strengthening its portfolio in unconventional resources.
2021
Acquisition of Shell’s Permian Basin Assets
ConocoPhillips acquired Shell’s assets in the Permian Basin for $9.5 billion, further expanding its presence in one of the most prolific oil-producing regions in the United States.
2023
Expansion in the Montney Formation
ConocoPhillips announced significant investments to expand its operations in the Montney Formation in Canada, aiming to increase its production of natural gas and liquids.
