ConocoPhillips is the world�s largest independent exploration and production
(E&P) company, based on proved reserves and production of liquids and natural
gas. ConocoPhillips was incorporated in the state of Delaware on November 16,
2001, in connection with, and in anticipation of, the merger between Conoco Inc.
and Phillips Petroleum Company. The merger between Conoco and Phillips was
consummated on August 30, 2002.
On April 30, 2012, we completed the separation of our downstream businesses into
an independent, publicly traded company, Phillips 66. Our refining, marketing
and transportation businesses, most of our Midstream segment, our Chemicals
segment, as well as our power generation and certain technology operations
included in our Emerging Businesses segment (collectively, our �Downstream
business�), were transferred to Phillips 66.