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| Monday, 16 April, 2001, 16:35 GMT 17:35 UK Conoco: A global energy giant ![]() Conoco's headquarters in Houston, Texas, in the US Conoco is one of the world's biggest energy supply companies, operating in more than 40 countries and employing almost 17,000 staff. The company, which celebrated its 125th anniversary last year, started as Continental Oil and Transportation Co, and was one of the first petroleum marketers in the West. Its name will be immediately recognisable to motorists in many countries across North America, Europe and Asia, thanks to roadside filling stations which carry the brand. But in the UK it tends to trade through its subsidiary, Jet.
Exploration and production - In 1999 Conoco turned out an average of 359,000 barrels or oil per day and 1.7 billion cubic feet of natural gas, from fields in the Americas, Europe, Africa, the Middle East and Asia. Refining, marketing, supply and transportation - Among the refineries owned by Conoco are four in the US and one in the UK - at Killingholme, near Grimsby. It is also supplies industrial lubricants and "speciality products". Power - At the end of 1999, the company had two power generating plants, in Colombia and Texas, in the US. It was also developing another plant in Texas and one at the Killingholme refinery in the UK.
Earlier this month, protesters for Greenpeace staged a sit-in on a North Sea oilrig, the Drill Star, which Conoco had on lease. Greenpeace cited Jet's alleged failure to adopt green fuels as its reason for targeting the US giant. Despite the ill-will of eco-campaigners, Conoco has turned in a run of healthy business reports. In January, it reported that net income had jumped 70% in the fourth quarter of 2000 to $550m, due to higher oil prices. |
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