The BusinessWeek 50 Ranking
31
ConocoPhillips
LIKE ITS RIVALS in the oil patch, ConocoPhillips is gushing with profits. But the nation’s No. 3 oil major continues to separate itself from the pack with super-aggressive investments, such as the $36 billion acquisition of natural gas leader Burlington Resources Inc., due to be completed in March. By the end of 2006, CEO Mulva also plans to spend as much as $3 billion to raise Conoco’s stake in Russia’s OAO Lukoil to 20%. The company is also pushing ahead with major projects in politically risky places such as Venezuela and Libya, where it recently won approval to restart operations. Conoco is pouring big money into downstream operations as well. It has bought a refinery in Germany and announced a $5 billion, multiyear program to add capacity for processing heavy crude in the U.S. So far, Mulva’s bets have paid big rewards for investors: Total returns have risen 41% annually since 2002, about double those generated by Exxon Mobil Corp. and Chevron Corp. As long as global energy demand keeps growing at its current torrid pace, Conoco’s shareholders are likely to get many more happy returns.
Company Info |
|
| 2005 Rank | 2 |
| GET MORE COMPANY INFO | COP |
| Market Value $ Million | 83,993.7 |
| Total Return $ Million | (1-yr.) 12.3
(3-yr.) 158.5 |
| 2005 Sales $ Billion | 162.4 |
| Sales Growth $ Million | (1-yr.) 37
(3-yr.) 45.9 |
| Long-Term Growth Est. % | 6.0 |
| Net income $ Million | 13,640.0 |
| Net Income Growth $ Million | (1-yr.) 68
(3-yr.) 158.2 |
| Net Margin %* | 8.4 |
| Return on Inv. Capital (%)* | 21.1 |
| Share Price 12-Mo. Hi/Lo | 71/48 |
| P/E Ratio | 6 |
| Industry | Energy |
| CORPORATE WEB SITE | |
