Welcome to the foreign oil and gas production and reserves table of the U.S. Energy Information Administration overview of aspects of the merger of Phillips Petroleum Company and Conoco Inc. The merger was announced November 19, 2001 and is an all-stock transaction valued at $15.2 billion. This transaction creates the sixth-largest oil and natural gas company in the world. For further information please call the National Energy Information Center at (202) 586-8800.

Phillips Petroleum - Conoco Foreign Crude Oil and Natural Gas Reserves and Production

  Phillips
Petroleum		 Conoco ConocoPhillips
Total		 Foreign Total Share of
Foreign Total
Phillips
Petroleum		 Conoco ConocoPhillips
Total
(million barrels) (percent)
Foreign oil and natural gas liquids production 74.8 107.0 181.8 24,369.2 0.3% 0.4% 0.7%
Foreign oil and natural gas liquids reserves 1,587.0 1,389.0 2,976.0 1,016,700.0 0.2% 0.1% 0.3%
  (billion cubic feet) (percent)
Foreign dry natural gas production 170.1 326.0 496.1 65,922.5 0.3% 0.5% 0.8%
Foreign dry natural gas reserves 2,444.0 3,675.0 6,119.0 5,136,600.0 0.0% 0.1% 0.1%

Note: Reserves are at year-end.

Sources: Company information: Phillips Petroleum Company, 2000 report to the Securities and Exchange Commission on Form 10-K and Conoco Inc. 2000 Annual Report (pdf format, if you lack Adobe Acrobat Reader and are unable to read pdf format files, please follow the Adobe link below to download the free software); and Foreign totals: BP p.l.c., BP Statistical Review of World Energy 2001 (pdf format) (June 2001), pp. 4, 7, 20, and 23 (Natural gas production is converted from cubic meters to cubic feet at the rate of 1 cubic meter equals 35.315 cubic feet).

 

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Last Updated on 11/20/2001
By Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration
Email: neal.davis@eia.doe.gov