Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by Deloitte, the auditing and consulting firm. The report, based on a review of more than 500 publicly traded oil and natural gas exploration and production companies across the globe, highlights the deep unease permeating the energy sector as crude prices sit near their lowest levels in more than a decade, er...
ConocoPhillips Business Model Canvas.ConocoPhillips, incorporated on November 16, 2001, is an independent exploration and production (E&P) company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. As of December 31, 2016, its operations were in the United
Refining is the manufacture of petroleum products from crude oil. Refining involves two major branches; separation processes and conversion processes. There are many processes available to the refiner and the final processes chosen is determined by the products required (both quantity and quality) and the crude oil available. Over time changes to either product requirements or available crude oil can result in changes to the refining processes necessary in the refinery.