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Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
conocophillips.com

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Investments

20

Portfolio Exits

13

Partners & Customers

10

About ConocoPhillips

ConocoPhillips is an integrated energy company headquartered in Houston, TX. It explores, develops, and produces crude oil and natural gas.

ConocoPhillips Headquarter Location

600 N Dairy Ashford

Houston, Texas, 77079,

United States

281-293-1000

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Fortune 500 Investor list

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Latest ConocoPhillips News

Shell Completes Sale Of Its Permian Business To Conocophillips

Dec 6, 2021

Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has completed the sale of its interest in the Permian to ConocoPhillips for $9.5B in cash. The agreement covers the sale of Shell's 225k net acres and existing production of around 175 thousand barrels equivalent per day. As noted in the announcement of the agreement for the sale of Shell’s Permian business, this deal reflects Shell’s focus on value over volumes as well as disciplined stewardship of capital. This transaction was made possible by the Permian team’s outstanding operational performance and provides excellent value to our shareholders through accelerated cash delivery and additional distributions. As previously announced, the cash proceeds from this transaction will be used to fund $7B in additional shareholder distributions with the remainder used for further strengthening of the balance sheet. The first tranche of additional shareholder distributions will be in the form of share buybacks of up to $1.5B and will commence on December 2, 2021. The form and timing for distributing the remaining $5.5B will be announced in early 2022. These distributions are in addition to our shareholder distributions in the range of 20-30% of cash flow from operations. Notes to editors On September 20, 2021, Shell and ConocoPhillips announced that they had reached an agreement for ConocoPhillips to acquire Shell’s Permian business. The transaction resulted in an after-tax gain of $2.4 to $2.6B after adjustments. Majority of Midland-based Permian employees and many Houston-based employees were offered employment by ConocoPhillips with effect upon closing in accordance with the terms and conditions of the transaction. Shell is one of America’s leading energy companies with interests in 50 states employing more than 15,000 people. Shell’s U.S. portfolio of operated companies and interests consists of oil, natural gas, petrochemicals, gasoline, lubricants, and other refined products along with renewables such as wind, solar, and mobility options like electric vehicle charging and hydrogen. In the U.S. Shell is also investing in an integrated power business that will provide electricity to millions of homes and businesses. Source: Shell Enterprises LLC

ConocoPhillips Investments

20 Investments

ConocoPhillips has made 20 investments. Their latest investment was in Modumetal as part of their Series E on January 1, 2019.

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ConocoPhillips Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/29/2019

Series E

Modumetal

$14M

Yes

2

1/24/2018

Unattributed

Raptor Oil

$5.91M

Yes

1

6/26/2016

Series B

LUX Assure

$3.82M

No

1

12/19/2014

Series B

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$99M

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10

5/23/2014

Unattributed VC - III

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$99M

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10

Date

1/29/2019

1/24/2018

6/26/2016

12/19/2014

5/23/2014

Round

Series E

Unattributed

Series B

Series B

Unattributed VC - III

Company

Modumetal

Raptor Oil

LUX Assure

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Amount

$14M

$5.91M

$3.82M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

1

1

10

10

ConocoPhillips Portfolio Exits

13 Portfolio Exits

ConocoPhillips has 13 portfolio exits. Their latest portfolio exit was Cool Planet on June 16, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/16/2020

Acquired

1

10/14/2019

Divestiture

$991

1

10/14/2019

Divestiture

$991

2

00/00/0000

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$991

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10

00/00/0000

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10

Date

6/16/2020

10/14/2019

10/14/2019

00/00/0000

00/00/0000

Exit

Acquired

Divestiture

Divestiture

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

1

1

2

10

10

ConocoPhillips Acquisitions

3 Acquisitions

ConocoPhillips acquired 3 companies. Their latest acquisition was Royal Dutch Shell - Permian Business on September 22, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/22/2021

$991

Acquired Unit

2

10/19/2020

Acquired

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$991

$99M

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10

2/2/2006

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$991

$99M

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10

Date

9/22/2021

10/19/2020

2/2/2006

Investment Stage

Acquired

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

Note

Acquired Unit

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Sources

2

10

10

ConocoPhillips Partners & Customers

10 Partners and customers

ConocoPhillips has 10 strategic partners and customers. ConocoPhillips recently partnered with Solstad Offshore on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/1/2021

Vendor

Solstad Offshore

Norway

ConocoPhillips Extends Charter for Another Solstad Offshore PSV

Solstad Offshore has secured a contract extension with ConocoPhillips for its platform supply vessel Normand Supporter .

1

7/6/2021

Licensee

Reveal Energy Services

United States

Reveal Energy Services Signs Agreement To Commercialize Hydraulic Fracture Pressure Diagnostics

`` We are delighted that ConocoPhillips has chosen to collaborate with us , '' said Sudhendu Kashikar , CEO , Reveal Energy Services .

1

5/4/2021

Vendor

Velesto Energy

Malaysia

EXCLUSIVE: Rig contracted by ConocoPhillips sinks off Malaysia

EXCLUSIVE : Rig contracted by ConocoPhillips sinks off Malaysia

1

4/8/2021

Vendor

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10

3/25/2021

Vendor

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10

Date

11/1/2021

7/6/2021

5/4/2021

4/8/2021

3/25/2021

Type

Vendor

Licensee

Vendor

Vendor

Vendor

Business Partner

Solstad Offshore

Reveal Energy Services

Velesto Energy

Country

Norway

United States

Malaysia

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News Snippet

ConocoPhillips Extends Charter for Another Solstad Offshore PSV

Solstad Offshore has secured a contract extension with ConocoPhillips for its platform supply vessel Normand Supporter .

Reveal Energy Services Signs Agreement To Commercialize Hydraulic Fracture Pressure Diagnostics

`` We are delighted that ConocoPhillips has chosen to collaborate with us , '' said Sudhendu Kashikar , CEO , Reveal Energy Services .

EXCLUSIVE: Rig contracted by ConocoPhillips sinks off Malaysia

EXCLUSIVE : Rig contracted by ConocoPhillips sinks off Malaysia

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Sources

1

1

1

10

10

ConocoPhillips Team

47 Team Members

ConocoPhillips has 47 team members, including current Chief Executive Officer, Dickson Fletcher.

Name

Work History

Title

Status

Dickson Fletcher

Chief Executive Officer

Current

Bullock Bill

Chief Financial Officer, Executive Vice President

Current

David Chenier

Various Inc.

President

Current

Khoa Dao

President

Current

Georg Georg Storaker

President

Current

Name

Dickson Fletcher

Bullock Bill

David Chenier

Khoa Dao

Georg Georg Storaker

Work History

Various Inc.

Title

Chief Executive Officer

Chief Financial Officer, Executive Vice President

President

President

President

Status

Current

Current

Current

Current

Current

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