Company Report
ConocoPhillips oil and gas exploration summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ConocoPhillips is laser-focused on its value proposition of delivering shareholder returns. Its business goals are described as a “triple mandate” to (1) meet hydrocarbon demand during the energy transition through development of its low-cost asset base while (2) delivering peer-leading returns and (3) achieving its net zero emissions goal. Exploration serves to support disciplined growth, adding low cost supply options to the portfolio. ConocoPhillips has improved its conventional exploration performance over the last ten years.
Table of contents
- Exploration strategy
- Results summary
- Current portfolio and exploration outlook
- Production and potential cost of production
- Value creation
- Alaska continues to offer exploration upside on vast onshore acreage footprint
- Near-field opportunities in legacy established basins are key
- Frontier exploration returns, albeit cautiously
Tables and charts
This report includes the following images and tables:
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ConocoPhillips' current acreage - top 15 countries (top 5 show '000 km2)Net exploration and appraisal wells by countryExploration & appraisal spend and reinvestment
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Exploration success ratesLargest 10 conventional discoveries (net, 2016 to 2025)Volumes discovered by yearVolumes discovered by water depthVolumes discovered by countryVolumes discovered by basinProduction from new field discoveries, and as a proportion of all future productionFinding and development costs for added resourcesFull-cycle economics
- 5 more item(s)...
What's included
This report contains:
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