High capital costs and regulatory hurdles have pushed most oil majors out of Alaska. Still, ConocoPhillips (COP) is planning on a new project that could boost production by 180,000 bpd.
ConocoPhillips is a multinational energy company headquartered in the United States. It is one of the largest independent oil and gas exploration and production companies in the world. ConocoPhillips engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, natural gas liquids, and other energy-related products. The company's operations span across various countries and regions, including the United States, Canada, Europe, Asia-Pacific, the Middle East, and Africa. ConocoPhillips is also involved in various downstream activities, such as refining, marketing, and chemicals. As a major player in the energy industry, ConocoPhillips operates in both conventional and unconventional resource plays and has a diverse portfolio of assets across different geographies.
