45 of 500
ConocoPhillips
ConocoPhillips
45
Financials: Latest Results
Rank: 45
Previous rank: 4
CEO: Ryan M. Lance

In 2012, ConocoPhillips officially completed the spinoff of Phillips 66 (No. 3 on this year's Fortune 500), its refining, marketing, chemicals and transportation arm. The move was part of an ongoing strategy to shrink the company so it can focus on growing its oil and liquids business.

Earnings in 2012 were $8.4 billion, or $6.72 per share, lower than $12.4 billion in 2011. The decrease might look bad, but it was partly driven by less oil and natural gas production from the company’s ongoing sale of assets – a move analysts say boosts the company’s ability to fund projects and dividends in the next few years.

Among its latest sales, ConocoPhillips sold two Western Australia exploration assets to PetroChina, China’s biggest oil and gas producer. Under the deal, the companies will jointly study unconventional gas resources in the 5,000-acre Neijiang-Dazu Block in China’s Sichuan Basin.

Headquarters:
600 N. Dairy Ashford St.
Houston, TX. 77079
281-293-1000
Website: www.conocophillips.com
Network with ConocoPhillips
Key financials
$ millions
% change from 2011
Revenues
63,373
-73.3
Profits
8,428
-32.2
Assets
117,144
Stockholder's equity
47,987
Market cap (on 3/29/2013)
73,381.7
Profits as % of
Revenues
13.3
Assets
7.2
Stockholders' equity
17.6
Earnings per share
2012$
6.72
% change from 2011
-25.1
2002-2012 annual growth rate %
N.A.
Total return to investors
%
2012
8.3
2002-2012 annual rate
15.5
From the May 20, 2013 issue

Notes:
Spun off Phillips 66 (2012 rank: 4), April 30, 2012.
Includes revenues from discontinued operations.
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Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. More
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