Industry: Oil Gas
Fortune Rank: 6
ConocoPhillips is an integrated global energy company with five operating segments: exploration and production, midstream, refining and marketing, chemicals and emerging businesses. For the six months ended 6/30/05, revenues rose 31% to $81.53B. Net income from cont. ops. rose 67% to $6.05B. Revenues reflect higher realized crude oil prices and equity earnings from DEFS and LUKOIL. Net income also reflects improved operating margins.
ConocoPhillips is an integrated energy company. The Company's business is organized into six operating segments. The Exploration and Production segment primarily explores for, produces and markets crude oil, natural gas, and natural gas liquids on a worldwide basis. The Midstream segment gathers and processes natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids. The Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products. The LUKOIL Investment segment consists of the Company's equity investment in LUKOIL, an international, integrated oil and gas company. The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. The Emerging Businesses segment encompasses the development of new businesses, including new technologies related to natural gas conversion into clean fuels and related products, technology solutions, power generation and emerging technologies.
ConocoPhillips is a Fortune 500 company. In 2010 ConocoPhillips was ranked number 6 on the Fortune 500 list, making it the 6th largest company in the United States when judged by revenue.
ConocoPhillips achieved revenue of $139,515.00 million in 2010 and earned a profit of $4,858.00 million.
ConocoPhillips's rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 4th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $230,764 million (a change of -91 million compared to 2010) and profits of $-16,998 million (a change of 20 million compared to 2010).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then ConocoPhillips would be ranked 28th rather than 6th due to its profits of $4,858 in 2010.
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