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COP Moves Up

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Leslie Haines
October 1, 2012

ConocoPhillips chairman and chief executive Ryan Lance says that with years of exploitation and development opportunities in inventory and the opening of the shales’ vast potential, the company can move into organic growth mode through the drill bit while building on its exploration expertise.

This past July, ConocoPhillips reported its first quarterly results as a standalone upstream company, having split off its downstream assets into Phillips 66 earlier this year to become the largest North American-based independent. Production that quarter was 1.5 million barrels of oil equivalent per day (55% ...

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