ConocoPhillips

COP

ConocoPhillips is a multinational corporation engaged in hydrocarbon exploration. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 17 countries and has production in the United States (49% of 2019 production), Norway (10% of 2019 production), Canada (5% of 2019 production), Australia (12% of 2019 production), Timor-Leste, Indonesia (4% of 2019 production), Malaysia (4% of 2019 production), Libya (3% of 2019 production), China (3% of 2019 production), and Qatar (6% of 2019 production). The company's production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin, the Bakken Formation, the Gulf of Mexico and the Anadarko Basin. Approximately 1/3 of the company's U.S. production is in Alaska, where it has operations in the Cook Inlet Area, the Alpine oil field off the Colville River, and the Kuparuk oil field and Prudhoe Bay Oil Field on the Alaska North Slope.As of December 31, 2019, the company had proved reserves of 5,262 million barrels of oil equivalent (3.219×1010 GJ), of which 50% was petroleum, 37% was natural gas, 8% was natural gas liquids and 5% was bitumen.The company is ranked 93rd on the Fortune 500 and 201st on the Forbes Global 2000.The company was ranked as the 14th most polluting company in the world by The Guardian in 2019. It is responsible for 0.91% of global industrial greenhouse gas emissions from 1988 to 2015.The Conoco Museum in Ponca City, Oklahoma is dedicated to the history of the company.

ConocoPhillips has been a target of short sellers for a while. The current short interest of 1.55% is roughly at the average of the last 12 months (1.62%).