ConocoPhillips
ConocoPhillips is a publicly listed semi integrated oil and gas company headquartered in the USA. In 2020, it had USD 19.26 billion in revenue and a reported 9,700 employees*. ConocoPhillips is an oil major with conventional and unconventional exploration and production activities and LNG developments in 15 countries. In 2021, it acquired Concho Resources, significantly increasing its hydrocarbon portfolio.
- Ranking position
- #35 /100
- Total score
- 8.3 /100
- Performance score
- 3.5 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
ConocoPhillips receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Although the company has developed a target for net-zero scope 1 and 2 emissions by 2050, it is unclear if the target includes offsets as the company has indicated that it plans to evaluate carbon offset purchases. Further, the company’s targeted 35-45% reduction in scope 1 and 2 emissions intensity by 2030 is not aligned with its 1.5°C pathway. Although the company is evaluating the potential of green and blue hydrogen production, there is no evidence that the company has plans to rapidly develop these activities to decrease its reliance on oil and gas production.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Houston, United States of America
- Group revenue
- USD 19.26 billion
- Ownership structure
- Publicly listed
- Number of employees
- 9,700
- Scope of activity
- Semi Integrated
- Website
- https://www.conocophillips.com/