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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
Performance module name Performance module score Rank (0-100)

Targets

33.4 /100 #7

Material Investment

10.4 /100 #31

Intangible Investment

0.5 /100 #17

Sold products

0.0 /100 #55

Management

62.7 /100 #5

Supplier Engagement

22.5 /100 #20

Client Engagement

0.0 /100 #53

Policy Engagement

33.0 /100 #24

Business Model

0.0 /100 #52

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

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/