abhishreshthaa
Abhijeet S
ConocoPhillips Company (NYSE: COP) is an international energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States. It is also one of the Fortune 500 companies. ConocoPhillips is the fifth largest private sector energy corporation in the world and is one of the six "supermajor" vertically integrated oil companies. It sells fuel under the Conoco, Phillips 66 and Union 76 brands in North America, and Jet in Europe. ConocoPhillips was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002.
Strengths
• It is the fifth largest private energy corporation in the world
• One of the top six vertically integrated oil companies in the world.
• Ranked 4th in Fortune 500 companies listing.
• ConocoPhillips is known by the Phillips 66 and Union 76 brands.
• It was founded in year 2002 as a result of two major Companies merger namely Conoco and Phillips.
• It has almost 33,800 employees in 40 countries.
• It is the second largest oil refiner in the US and 4th largest in the world.
• ConocoPhillips operates 19 refiners around the world
• ConocoPhillips has Expertise in exploration of energy resources.
• ConocoPhillips was the first Company to join U.S climate action partnership.
• Research and development in finding new sources of energy.
• ConocoPhillips stock prices are high.
Weaknesses
• Increasing cost and complexity of new exploration and production projects.
• Identification of energy sources.
• High cost of operations
• Company profits are in negative.
Opportunities
• Enhance future growth and profitability.
• Exploration of more energy sources by efficient use of the assets.
• Asian countries have huge oil demands; company should explore these demanding markets.
Threats
• Energy supply and security.
• The oil prices, tax rates and energy legislation are out of ConocoPhillips control.
• Environmental groups are highly concerned on pollution factor.
• Economic slowdown in US.
Strengths
• It is the fifth largest private energy corporation in the world
• One of the top six vertically integrated oil companies in the world.
• Ranked 4th in Fortune 500 companies listing.
• ConocoPhillips is known by the Phillips 66 and Union 76 brands.
• It was founded in year 2002 as a result of two major Companies merger namely Conoco and Phillips.
• It has almost 33,800 employees in 40 countries.
• It is the second largest oil refiner in the US and 4th largest in the world.
• ConocoPhillips operates 19 refiners around the world
• ConocoPhillips has Expertise in exploration of energy resources.
• ConocoPhillips was the first Company to join U.S climate action partnership.
• Research and development in finding new sources of energy.
• ConocoPhillips stock prices are high.
Weaknesses
• Increasing cost and complexity of new exploration and production projects.
• Identification of energy sources.
• High cost of operations
• Company profits are in negative.
Opportunities
• Enhance future growth and profitability.
• Exploration of more energy sources by efficient use of the assets.
• Asian countries have huge oil demands; company should explore these demanding markets.
Threats
• Energy supply and security.
• The oil prices, tax rates and energy legislation are out of ConocoPhillips control.
• Environmental groups are highly concerned on pollution factor.
• Economic slowdown in US.