History of ConocoPhillips

History of ConocoPhillips
Headquarters in Huston, Texas, ConocoPhillips operates in the energy sector and has operations in 40 countries, Conoco and Phillips merged in 2002 and has created ConocoPhillips, which then acquired Burlington Resources in 2006.

ConocoPhillips is the third largest integrated energy company in the United States in terms of market capitalization and oil and natural gas reserves.

Conoco called the Continental Oil and Transportation Co, in 1875 when it was established, was one of the first petroleum marketers in the west. Conoco’s founder, Isaac E. Blake, started the Company out of his vision of lighting houses using kerosene instead of candles and whale oil.

The company introduced many new products such as benzene to clean stoves, candles, ready mixed paints, ready mixed paints, hoof oil for horses, and even a popular medicinal ointment.

In 2002 Conoco decided to merge with Phillips C.. Phillips, then called Phillips Petroleum Company, was established in 1907 in Oklahoma.

The founders, brothers named Frank and L. E. Phillips, both had an entrepreneurial spirit and were innovative.

The Phillips brothers pioneered the natural gas industry by opening in 1917 the first natural gasoline plant for extracting liquid by products from natural gas, which allowed the liquid by products to be used in motor fuels.

The Burlington Resources was established in the 1860s. The discovery of oil and gas on the company’s land brought change in the 1980s and Burlington Resources expanded into the oil and gas industry.

During the 1990s, Burlington Resources became the nation’s largest independent natural gas exploration and production company. In 2006 ConocoPhillips acquired Burlington Resources.

Among key competitive advantage of ConocoPhillips are reservoir management and exploration , 3-D seismic technology, high grade petroleum coke upgrading and sulfur removal.
History of ConocoPhillips