ConocoPhillips is a Houston-based exploration and production company employing 10,000 people, operating through six segments focused on crude oil, natural gas, and bitumen across various global regions. Its segments include operations in Alaska, the Lower 48 states, Canada, Europe, the Middle East, North Africa, and Asia Pacific.
COP has been in the news recently: ConocoPhillips faces investor dissatisfaction as over 60% of Phillips 66's shareholders express frustration with the company's strategy, prompting calls for divestment of non-core assets. Elliott Investment Management, a major shareholder, is pushing for improvements in value through its Streamline 66 campaign and new director nominations.
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