Its global sales and operational reach, with the Company serving customers and
participating in exploration and production projects across the Americas, Europe, Asia
Pacific, and other jurisdictions worldwide; and
Its experience and technical expertise, with the Company employing specialist staff
across its across its various departments and operational locations, including experienced
industry executives.
Customer Segments
ConocoPhillips markets crude oil, natural gas, natural gas liquids, liquefied natural gas
and bitumen to customers worldwide. This principally comprises medium and large
businesses operating within the energy, utility, and petroleum industries, including private and
state-owned entities. ConocoPhillips serves a global customer base which are Australia,
Canada, China, Indonesia, Malaysia, Norway, and the UK. However most productions of the
company are sold around the USA.
Cost structure
Cost Structure
ConocoPhillips incurs costs in relation to its research and development activities, the
purchase and maintenance of equipment, the acquisition of supplies, the operation of active
project assets, the storage and transportation of oil and gas, the management of its
partnerships, and the retention of its personnel.
In 2015 ConocoPhillips largest expense related to its purchase of commodities, which
amounted to $12.43 billion. This was followed by production and operating expenses in the
amount of $7.01 billion, and exploration costs in the amount of $4.19 billion.
Customer Relationships
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