ConocoPhillips Mergers and Acquisitions Summary

Oil/gas ExplorationCompany

ConocoPhillips has acquired 7 companies, including 2 in the last 5 years. It has also divested 10 assets.

ConocoPhillips’ largest acquisition to date was in 2005, when it acquired Burlington Resources for $35.6B. It’s largest disclosed sale occurred in 2013, when it sold ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties to Denbury for $1.1B. ConocoPhillips has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include oil/gas exploration (58%) and chemicals (15%).

Join Mergr and gain access to ConocoPhillips’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity7
    • M&A Sell Activity10
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12

ConocoPhillips

ConocoPhillips

925 North Eldridge Parkway PO Box 2197,
Houston, Texas 77079
United States,
(281) 293-1000
www.conocophillips.com

ConocoPhillips is an integrated energy company with operations and activities in 27 countries. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 5 - 2 - - - 7
vol $43.0B $375M $43.4B
Sell (0.6/yr) # 7 1 - 1 1 - 10
vol $2.1B $20M $67M $440M $2.6B
  17

Most Recent M&A

Company Date Value Type
ConocoPhillips - Permian Basin 2022-01-28 440M USD Divestiture
Houston, Texas
ConocoPhillips - Wind River Basin Assets 2021-07-08 67M USD Divestiture
Houston, Texas
Concho Resources, Inc. 2020-10-19 - Add-on Acquisition
Midland, Texas · www.concho.com
Kelt Exploration Ltd. - Liquids-Rich Montney Acreage 2020-07-22 375M USD Divestiture
Calgary, Alberta
ConocoPhillips - Oil-Weighted Producing Property 2019-12-12 20M USD Divestiture
, United States
Brazoria Interconnector Gas Pipeline LLC 2015-01-22 - Divestiture
Houston, Texas · www.brazoria-interconnector.com
ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties 2013-01-15 1.1B USD Divestiture
, United States
Phillips 66 Co. 2012-04-04 - Spin Off
Houston, Texas · www.phillips66.com
ConocoPhillips - North Sea Statfjord Oil & Gas Properties 2012-01-30 223M USD Divestiture
, United Kingdom
Sweeny Cogeneration LP 2007-08-21 80M USD Stake Purchase
Houston,, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Burlington Resources 2005-12-13 Forge Energy LLC 2017-12-11 1
Houston, Texas San Antonio, Texas · www.forgenergy.com

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 4 (57%) 36.0B (83%) 6 (60%) 1.8B (69%)
Energy Services and Equipment 1 (14%) 7.4B (17%) 3 (30%) -
Chemicals 1 (14%) - - -
Utilities 1 (14%) 80M (< 1%) - -
Retail - - 1 (10%) 821M (31%)
Total 7 $43.4B 10 $2.6B

By Geo

State/Country Buy Value Sell Value
United States 6 43.0B 9 2.4B
  Texas 5 35.7B 5 507M
  Connecticut 1 7.4B - -
  Georgia - - 1 -
  Arizona - - 1 821M
Canada 1 375M - -
  Alberta 1 375M - -
United Kingdom - - 1 223M
Domestic 6 (86%) 43.0B (99%) 9 (90%) 2.4B (91%)
Cross-border 1 (14%) 375M (1%) 1 (10%) 223M (9%)
Total 7 $43.4B 10 $2.6B

Deal Values

buy # Total
> $1B 2 $43.0B
$100M to $1B 1 $375M
< $100M 1 $80M
TOTAL $43.4B
Largest Burlington Resources
$35.6B (2005-12-13)
sell # Total
> $1B 1 $1.1B
$100M to $1B 3 $1.5B
< $100M 2 $87M
TOTAL $2.6B
Largest ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties
$1.1B (2013-01-15)

M&A Connections

Deals
Acquired from
Strategic(s)
29%
2 (29%)
Divested to
Strategic(s)
90%
9 (90%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

45,828   144% 2021
18,784   43% 2020
32,567   11% 2019
36,417   26% 2018
29,106   23% 2017
23,693   20% 2016
29,564   44% 2015
52,524   4% 2014
54,413   7% 2013
57,967   2012
(millions of USD) Show More Show Less

Employees

9,400

Established

1917

Public

NYSE: COP

Former Name

Phillips Petroleum Co.

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