Global independent E&P
ConocoPhillips
ConocoPhillips produces crude oil, natural gas and LNG for sale through long-term contracts and spot markets. It pays for well services and LNG liquefaction and offtake while using acquisitions to add scale in core producing regions.
COP Updated Sep 11, 2026 2 AI consumers· 1 recurring
Per the valuechain.wiki graph, ConocoPhillips is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 4 companies within two hops; the links are backed by 5 dated sources, 2 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · $51.824 billion in FY2025 revenue from contracts with customers
- Segments · Alaska · Lower 48 · Canada · Europe, Middle East and North Africa · Asia Pacific
Revenue from
- Sinopec Corp High confidence· volume 7,600,000 metric_tonnes_per_annum · 20-year agreement · Annual APLNG LNG volume contracted to Sinopec
APLNG, whose LNG facility and export sales business are operated by ConocoPhillips, sells contracted LNG volumes to Sinopec. This is the larger of APLNG's two core export offtake agreements. - Kansai Electric Power Co., Inc. High confidence· volume 1,000,000 metric_tonnes_per_annum · 20-year agreement · Annual APLNG LNG volume contracted to Kansai Electric
APLNG also sells LNG to Japan's Kansai Electric under a long-term agreement. ConocoPhillips operates the joint venture's LNG facility and export sales business.
Pays to
- Sempra High confidence· volume 5,000,000 metric_tonnes_per_annum · 20-year agreement · Annual LNG offtake by a ConocoPhillips affiliate from Port Arthur LNG Phase 1
A ConocoPhillips affiliate has a definitive LNG offtake agreement with Sempra's Port Arthur LNG Phase 1. The agreement represents ConocoPhillips' purchase of LNG liquefaction and offtake services. - Halliburton Medium confidence
ConocoPhillips' Norwegian affiliate awarded Halliburton a North Sea well stimulation services contract focused on well performance and reservoir productivity. The contract value was not disclosed.Confirms EN Halliburton Published Aug 13, 2025: ConocoPhillips awards Halliburton multi-year well stimulation services contract in the North Sea
Investments
- Marathon Oil Corporation High confidence· Amount $16.5B · acquisition closed 2024-11-22 · Final acquisition value at the closing of Marathon Oil
ConocoPhillips acquired Marathon Oil, adding producing assets in the Lower 48 and Equatorial Guinea. The filing confirms the closing value, while Wood Mackenzie and Newspim assessed the announced transaction and its strategic implications.Confirms EN Wood Mackenzie Published May 30, 2024: ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood MackenzieMentions KO Newspim Published May 30, 2024: ConocoPhillips to acquire Marathon Oil for KRW 30.8 trillion
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Sinopec Corp | lead1 | +20 | +19.4 | +4 | +13 | +34 | -8.2 |
| ConocoPhillips | node | +86.6 | +71.7 | +2 | -12.2 | -2.3 | +46.6 |
| Halliburton | benef1 | +22 | +74.5 | -6.5 | -23.2 | +7 | +33 |
| Sempra | benef1 | +7.4 | +20.3 | -0.1 | +21.1 | +3.9 | -3.5 |
| KKR & Co. | benef2 | +85.8 | -37 | +80.5 | +79.6 | -13.3 | -15 |
YTD as of 2026-09-04 · source: Yahoo Finance
ConocoPhillips operates across Global independent E&P. It is up +46.6% in 2026. Its demand and supply links are known, but listed-counterparty return data is limited. It pays for well services and LNG liquefaction and offtake while using acquisitions to add scale in core producing regions.
Analysis generated from returns as of 2026-09-04