ConocoPhillips is one of the six supermajor oil companies, with operations in 30 countries and $155 billion in assets. It is the sixth largest company in the U.S. and is the third largest U.S. oil company after ExxonMobil and Chevron. ConocoPhillips is the largest producer of natural gas in North America and is third to BP and Chevron in U.S. oil production. Conoco's history stems back to 1875 as a Utah kerosene company, becoming ConocoPhillips after a merger in 2002. The company also owns Tosco and Burlington Resources, and the Union 76 brand.
With the exception of a dramatic loss in 2008 due to a poorly timed merger, ConocoPhillips is consistently one of the most profitable companies in the world. Their net income from 2005-2009 was $28.78 billion, and another $9.3 billion has been made in the first three quarters of 2010.