Letter to Stakeholders
Welcome to the Lower 48 business unit of ConocoPhillips.
With more than 20,000 oil and natural gas wells in the Lower 48 contiguous states, we have expertise, experience and a record of outstanding performance. One of our strategic goals is to become the operator of choice everywhere we do business because of our record and our reputation.
The Lower 48 is a growth engine in the ConocoPhillips global portfolio. Our business is built with the flexibility to recognize and execute short-term opportunities while providing a platform of long-term return for our investors.
Guiding everything we do are our SPIRIT values: Safety, People, Integrity, Responsibility, Innovation and Teamwork. Those six words define how we work and who we are.
At the heart of our success is a commitment to be sure every one of our employees and contractors gets home safe every night. That spirit carries over to the communities where we operate because we are committed to manage our business in a way that benefits those communities where our employees also live and work.
Our employees work every day to be safe, environmentally friendly and innovative in every part of our exploration and production business in 11 states and the Gulf of Mexico. We want to be the resource development leader wherever we operate and we want to demonstrate that communities can trust us to do what we say we will do.
That requires a combination of responsibility, transparency and communication with our neighbors. To accomplish that successfully we share information about our business and possibly more importantly, we listen to those neighbors to understand their concerns and questions.
Extracting oil and gas from solid rock as deep as five miles below the earth’s surface requires advanced engineering and implementation. Through proven technology, rigorous planning and reliable performance, we have become an industry leader that delivers accountability and performance.
President, Lower 48