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Global 500

Courtesy of ConocoPhillips





ConocoPhillips is the smallest of the U.S.’s big three oil and gas producers, and 2016 seems to be the year it admitted it won’t get any bigger. Spinning off its refining and marketing operations into Phillips Petroleum has left it without a downstream hedge against low crude prices, causing a string of write-downs and quarterly losses. After a credit rating downgrade in April, CEO Ryan Lance made cutting the company’s $25 billion debt pile top priority, which suggests it won’t be heading to the bankruptcy courts with a glint in its eye in search of bargains in the shale sector. Nearly 10% of its production is bitumen, which requires expensive processing before it can be transported and sold. That means it’s squarely in harm’s way in the battle for market share being waged by low-cost OPEC producers. However, crude prices are now back above the $45 a barrel level where the company thinks it can sustain a dividend without taking on more debt.


Ryan M. Lance




Mining, Crude-Oil Production

HQ Location

Houston, TX



Years on Global 500 List


Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$30,935-44.8%
Profits ($M)$-4,428-164.5%
Assets ($M)$97,484
Total Stockholder Equity ($M)$39,762
Profit Ratios
Profit as % of Revenues-14.3%
Profits as % of Assets-4.5%
Profits as % of Stockholder Equity-11.1%
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about ConocoPhillips

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Hiring Women Isn't the Problem but Keeping Them is, Says ConocoPhillips CEO Ryan Lance

Ryan Lance says one of the biggest challenges is retaining women in the industry.

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New York City Is Suing Big Oil Over Climate Change

A lawsuit claims they knew what they were doing to the planet.

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