Our Theme:
Elevate Expectations
The PL19-3A wellhead platform rises high above the waters of China’s Bohai Bay, where ConocoPhillips announced first production from the Peng Lai field in late 2002. Like the platform reaching skyward, ConocoPhillips seeks to elevate expectations for performance beyond what was possible before the merger. The company is pursuing a clear strategy to improve returns for its shareholders — by capturing merger-related synergies, selling billions of dollars of non-core assets, growing its Exploration and Production segment, and applying a disciplined approach to cost control, capital spending and debt reduction.