BBC HomepageWorld ServiceEducation
BBC Homepagelow graphics version | feedback | help
BBC News Online
 You are in: UK
News image
Front Page 
World 
UK 
England 
Northern Ireland 
Scotland 
Wales 
UK Politics 
Business 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 
News image

Monday, 16 April, 2001, 16:35 GMT 17:35 UK
Conoco: A global energy giant
Conoco HQ
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.

Conoco chair
Chairman Archie Dunham
Conoco divides its operations into three sectors:

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.

Jet filling station
The company operates under the Jet brand in the UK
Like most firms in the oil producing field, Conoco has been targeted by environmental activists.

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.

News imageSearch BBC News Online
News image
News image
News imageNews image
Advanced search options
News image
Launch console
News image
News image
News imageBBC RADIO NEWS
News image
News image
News imageBBC ONE TV NEWS
News image
News image
News imageWORLD NEWS SUMMARY
News image
News image
News image
News image
News imageNews imageNews imageNews imagePROGRAMMES GUIDE
See also:

16 Apr 01 | UK
A key refinery
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more UK stories are at the foot of the page.


E-mail this story to a friend

Links to more UK stories



News imageNews image