Company Directory - ConocoPhillips
Company Details - ConocoPhillips
ConocoPhillips
WebsiteHouston, United States
ConocoPhillips is an independent exploration and production company based in the United States, focused on the exploration and production of oil and natural gas. The company operates in various countries and is known for its commitment to sustainability and responsible resource development.
CCI Score
CCI Score: ConocoPhillips
-5.89
Latest Event
ConocoPhillips Political Spending and Lobbying Influence
OpenSecrets data reveals that ConocoPhillips contributed over $6.1 million and spent $8.35 million on lobbying during the 2024 cycle, and a high number of its lobbyists are ex-government officials. These figures raise concerns regarding corporate influence over policymaking and the potential for regulatory capture that could favor authoritarian practices.
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COLLABORATOR
ConocoPhillips is currently rated as a Collaborator.
Latest Events
- FEB062025
OpenSecrets data reveals that ConocoPhillips contributed over $6.1 million and spent $8.35 million on lobbying during the 2024 cycle, and a high number of its lobbyists are ex-government officials. These figures raise concerns regarding corporate influence over policymaking and the potential for regulatory capture that could favor authoritarian practices.
-50
Political Contributions and Lobbying Efforts
April 4
ConocoPhillips' significant political contributions and lobbying expenditures suggest an attempt to shape policy decisions in favor of corporate interests. Such financial influence can undermine democratic processes and enable authoritarian-aligned policies.
-40
Executive Political Engagement
April 4
The revolving door data—indicating that a large majority of ConocoPhillips’ lobbyists are former government officials—exacerbates concerns about conflicts of interest and undue influence over public policy.
- JAN012025
ConocoPhillips’ Political Contributions Policy outlines adherence to federal law by prohibiting direct corporate contributions, while establishing the SPIRIT PAC to channel employee funds into contributions for federal, state, and local candidates. The policy sets specific ethical criteria for candidate selection including considerations of integrity, constitutionality, and the candidate’s relationship with the company’s operations.
+50
Political Contributions and Lobbying Efforts
April 4
By mandating that political contributions come solely from employee funds via its SPIRIT PAC and outlining clear selection criteria for candidates based on integrity and democratic values, ConocoPhillips avoids the risks associated with direct corporate political spending. This approach reduces the potential for undue corporate influence in politics and aligns with anti-authoritarian principles that favor transparency and democratic engagement.
- JAN012024
OpenSecrets data indicates that ConocoPhillips raised $457,652 through its political action committee during the 2023-2024 election cycle, highlighting the company's active engagement in political fundraising and potential influence on democratic processes.
-30
Political Contributions and Lobbying Efforts
April 4
The report that ConocoPhillips’ PAC raised $457,652 indicates the company’s active participation in political fundraising. From an anti-fascist perspective, corporate financial influence in politics can be problematic when it facilitates undue influence over democratic processes and potentially supports policies that undermine worker rights and social equity. The level of fundraising, while not directly tied to supporting extremist candidates, nonetheless raises concerns about the corporatization of political influence.
- DEC312023
According to OpenSecrets, ConocoPhillips spent $7,860,000 on lobbying in 2023. This significant expenditure highlights the company’s active engagement in shaping public policy, which can contribute to excessive corporate influence in government decision-making processes.
-60
Political Contributions and Lobbying Efforts
April 4
The reported $7.86 million lobbying spend in 2023 indicates that ConocoPhillips is heavily investing in political influence. From an anti-fascist perspective, such significant political contributions can bolster corporate control over policy-making, undermining democratic oversight and potentially enabling authoritarian policies. This level of spending is therefore judged negatively.
- MAR132023
ConocoPhillips Alaska’s Willow oil project, approved with reduced drilling sites and infrastructure concessions, has sparked controversy over its environmental impact and implications for indigenous communities amid political debate over energy policy and climate goals.
-10
Public and Political Behavior
April 4
The project is deeply intertwined with political decision-making, with ConocoPhillips aligning its agenda with political actors who favor extensive fossil fuel development. This politicized approach, despite environmental concerns and indigenous opposition, raises questions about the company’s commitment to broader societal and climate responsibilities.
What is the controversy behind the Alaska Willow oil project?
-20
Business Practices and Ethical Responsibility
April 4
Despite some concessions such as reducing the number of drilling sites and infrastructure mitigation measures, ConocoPhillips’ pursuit of the Willow project continues to advance large-scale fossil fuel extraction. This decision underscores a business practice that prioritizes profit and energy security over robust environmental stewardship and the well-being of affected indigenous communities.
What is the controversy behind the Alaska Willow oil project?
-15
Economic and Structural Influence
April 4
By spearheading one of the largest oil developments on U.S. public lands, ConocoPhillips not only exerts significant economic and structural influence in Alaska but also reinforces fossil fuel dependency. This move, while touted as beneficial for jobs and local revenue, potentially deepens structural challenges related to climate change and the resilience of marginalized communities.
What is the controversy behind the Alaska Willow oil project?
- FEB282023
Amid environmental and regulatory controversy, the Biden administration is weighing approval of ConocoPhillips Alaska’s Willow project—a major oil development projected to produce up to 180,000 barrels of oil per day—raising concerns over significant greenhouse gas emissions and impacts on Indigenous communities.
-60
Business Practices and Ethical Responsibility
April 4
Despite its stated commitment to sustainability, ConocoPhillips’ proposed Willow project is poised to deliver high volumes of oil along with significant greenhouse gas emissions over 30 years. This business practice undermines environmental and social responsibility, clashing with progressive and indigenous community interests.
-30
Economic and Structural Influence
April 4
The project is deeply entangled in regulatory and political dynamics, illustrating how ConocoPhillips leverages its economic influence to push forward initiatives that may compromise public interests and sustainable development.
- JAN012023
The article details ConocoPhillips' internal guidelines and policies for corporate political spending and lobbying activities for the period January 1, 2023 through December 31, 2023. It outlines procedures for compliance with federal, state, and local laws, oversight by the Public Policy and Sustainability Committee, trade association memberships, and grassroots advocacy initiatives.
-10
Political Contributions and Lobbying Efforts
April 4
ConocoPhillips’ detailed political support policy highlights structured corporate engagement in political spending and lobbying efforts. While the guidelines ensure legal compliance and internal oversight, the active involvement in shaping policy through trade association memberships and lobbying can contribute to corporate influence over democratic processes, which is concerning from an anti-authoritarian perspective.
- JAN012023
In its 2023 Modern Slavery Report, ConocoPhillips Canada detailed the use of an independent risk analysis tool to evaluate modern slavery risks across its direct suppliers. The report outlined comprehensive due diligence, supplier auditing, and robust ethical policies designed to prevent forced and child labor in its supply chains.
+60
Supply Chain Ethics
April 4
ConocoPhillips Canada’s proactive engagement with an independent firm to analyze modern slavery risks, combined with its stringent supplier standards and due diligence processes, demonstrates a strong commitment to ethical supply chain practices and the protection of human rights. These measures reflect a progressive approach to mitigating labor abuses within its operational and sourcing practices.
- JAN012019
In 2019, ConocoPhillips continued its support for Truckers Against Trafficking by funding extensive law enforcement training programs across multiple states to help combat human trafficking and forced labor. The initiative included training for investigators, state police, and highway patrol, as well as hosting workshops that bring together industry stakeholders and law enforcement.
+50
Executive Political Engagement
April 4
ConocoPhillips' Stakeholder Engagement and Social Responsibility Director publicly highlighted the company's role in funding law enforcement training initiatives. This executive political engagement demonstrates proactive corporate involvement in anti-human trafficking efforts, aligning with progressive values and enhancing public trust.
Providing Continued Support for the Fight Against Human Trafficking
+70
Labor Relations and Human Rights Practices
April 4
By funding numerous law enforcement training sessions aimed at identifying and disrupting human trafficking networks, ConocoPhillips addresses a critical human rights issue linked to forced labor. This strong commitment to curbing modern-day slavery and supporting marginalized communities reflects positively on its labor and human rights practices.
Providing Continued Support for the Fight Against Human Trafficking
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Corporate Financials
- Revenue
- 2025
- $115.00B
- Total Assets
- 2025
- $150.00B
- Operating Income
- 2025
- $19.00B
- Total Equity
- 2025
- $55.00B
Employees: 10,000
Industries
- 211120
- Crude Petroleum Extraction
- 211130
- Natural Gas Extraction
- 324110
- Petroleum Refineries
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas