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1、 North America - Oil Europe; Alaska; Asia-Pacific and Middle East; Canada; and other international. The Lower 48 and Latin America segment primarily consists of operations located in the US Lower 48 states. It consists of 15.5 million net onshore and offshore acres in the Lower 48. In FY2012, the se
2、gment contributed 25% of ConocoPhillips worldwide liquids production and 37% of its natural gas production. The segments unconventional holdings total 2.5 million net acres and include approximately 626,000 net acres in the Bakken formation, 227,000 net acres in the Eagle Ford formation, 194,000 net
3、 acres in the Permian, 130,000 net acres in the Niobrara formation, 900,000 net acres in the San Juan Basin, and nearly 430,000 net acres in other unconventional exploration ventures. The Europe segment consists of operations principally located in the Norwegian and the UK sectors of the North Sea,
4、as well as exploration activities in Poland and Greenland. In FY2012, operations in Europe contributed 17% of ConocoPhillips worldwide liquids production and 13% of its natural gas production. It owns a 35.1% interest in the Norpipe Oil Pipeline System, a 220-mile pipeline which carries crude oil fr
5、om Ekofisk to a crude oil stabilization and NGLs processing facility in Teesside, England. In addition, ConocoPhillips also owns a 1.9% interest in Norwegian Continental Shelf Gas Transportation (Gassled). The companys UK operation comprises its interest in the Britannia natural gas and condensate f
6、ield. It also owns 50% interest of Britannia Operator. It also possesses ownership interests in 18 producing gas fields in the Rotliegendes and Carboniferous areas of the Southern North Sea. The Alaska segment primarily explores for, produces, transports, and markets crude oil, natural gas liquids (
7、NGLs), natural gas, and liquefied natural gas (LNG). In FY2012, the Alaska operations contributed 24% of ConocoPhillips worldwide liquids production and 1% of natural gas production. Additionally, the company has a 28.3% ownership interest in the Trans Alaska Pipeline (TAPS), the Alpine, Kuparuk, an
8、d Oliktok Pipelines in the region. Through its wholly- owned subsidiary, Polar Tankers, it also manages the marine transportation of North Slope production. North America - Oil producing operations in Qatar; and exploration activities in Bangladesh and Brunei. In FY2012, operations in the Asia-Pacif
9、ic and Middle East segment contributed 13% worldwide liquids production and 28% of natural gas production of ConocoPhillips. The company operates through four production sharing contracts (PSCs) in Indonesia: the offshore South Natuna Sea Block B and three onshore PSCs the Corridor Block and South J
10、ambi “B“, both located in South Sumatra; and Warim in Papua. It owns and operates an 80% interest in the Warim onshore exploration PSC in Papua. The company own interests in four deepwater PSCs located off the eastern Malaysian state of Sabah: Block G (35%); Block J (40%); the Kebabangan (KBB) Clust
11、er (30%); and SB-311 (40%). The companys Canadian operations consist of natural gas fields in western Canada and oil sands developments in the Athabasca Region of northeastern Alberta. In FY2012, the Canada operations contributed 15% worldwide liquids production and 21% of ConocoPhillips natural gas
12、 production. It holds exploration acreage in four areas of Canada: offshore eastern Canada; onshore western Canada; the Mackenzie Delta/Beaufort Sea region; and the Arctic Islands. The other international segment includes exploration and producing operations in Libya and Russia, as well as explorati
13、on activities in Angola and the Caspian Sea. This segment contributed 6% of ConocoPhillips worldwide liquids production in FY2012. Key Metrics The company recorded revenues of $60,347 million in the fiscal year ending December 2012, a decrease of 8.1% compared to fiscal 2011. Its net income was $8,4
14、28 million in fiscal 2012, compared to a net income of $12,436 million in the preceding year. Table 8: ConocoPhillips: key financials ($) $ million 2008 2009 2010 2011 2012 Revenues 240,842.0 136,016.0 57,772.0 65,699.0 60,347.0 Net income (loss) (16,998.0) 4,858.0 11,358.0 12,436.0 8,428.0 Total as
15、sets 142,865.0 152,588.0 156,314.0 153,230.0 117,144.0 Total liabilities 86,600.0 89,531.0 87,205.0 87,496.0 68,717.0 Employees 33,800 30,000 29,700 29,800 29,600 SOURCE: COMPANY FILINGS M A R K E T L I N E North America - Oil Canada; market optimization; and corporate and other. Encanas operates in
16、 the US across four natural gas key resource plays that are focused on exploiting long-life unconventional natural gas formations. In the US, Encana has an interest in approximately 2.4 million net acres of land in the US, of which 1.9 million net acres is currently undeveloped. The companys key res
17、ource plays in the US include the Jonah field in southwest Wyoming, the Piceance Basin in northwest Colorado, and the East Texas and Fort Worth Basins in Texas. The companys US operations are also focused on the development of the Haynesville shale play located in Louisiana and Texas and the recent
18、entrance into the Marcellus shale play located in Pennsylvania. The US segment also has interests in natural gas gathering and processing assets, primarily in Colorado, Wyoming, Texas, and Utah. In FY2012, the companys US operations had total capital investment of $1,727 million, and had drilled a t
19、otal of 285 net wells. Additionally, the total natural gas production volume after royalties from the US was 1,622 MMcf/d; while the total oil and natural gas liquid (NGL) production recorded during the year was 11.6 Mbbls/d, after royalties. In Canada, Encanas operations include natural gas explora
20、tion, development, and production assets in British Columbia and Alberta, as well as the Deep Panuke natural gas project offshore Nova Scotia. The company owns a large land position in western Canada of approximately 8.5 million net acres, of which 4.4 million net acres are undeveloped. Encana opera
21、tes in Canada through four key resource plays: Greater Sierra, including Horn River; Cutbank Ridge in Alberta and British Columbia, including Montney; Bighorn; and coal bed methane (CBM), with a focus on the Horseshoe Canyon formation. North America - Oil downstream; and chemicals. The upstream segm
22、ent explores for and produces crude oil and natural gas. The companys upstream business operates through several companies. These companies are responsible for the corporations exploration, development, production, gas and power marketing, and upstream-research activities. The companys upstream port
23、folio includes operations in the US, Canada, South America, Europe, Asia-Pacific, Australia, the Middle East, Russia, the Caspian region, and Africa. As of FY2012, the company had liquid proved reserves of 12,816 million barrels and 74,091 billion cubic feet of natural gas. The company had 19,781 of
24、 crude oil and 26,282 of natural gas net production wells as of FY2012. Further, the companys net production of liquids, which include crude oil, natural gas liquids, synthetic oil, and bitumen, for FY2012, was 2.2 million barrels per day. The companys production of natural gas and oil-equivalent fo
25、r FY2012 was 12,322 million cubic feet and 4.2 million barrels per day, respectively. During FY2012, approximately 9.9 billion oil-equivalent barrels (GOEB) of Exxon Mobils proved reserves were classified as proved undeveloped. Additionally, Exxon Mobil completed development work in over 100 fields
26、and participated in major project start-ups that resulted in the transfer of approximately 0.5 GOEB from proved undeveloped to prove developed reserves by year-end. The company is also engaged in power generation. It has a majority interest in the Castle Peak Power Company that generates electricity
27、 for consumers in Hong Kong and mainland China. The companys downstream activities include refining, supply, and fuels marketing. The companys refining and supply business focuses on providing fuel products and feedstock. Exxon Mobil manufactures clean fuels, lubes, and other high-valued products. T
28、he refining and supply operations encompass a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants, and other products and feedstocks to its customers around the world. As of FY2012, the company had interests in 32 refiner
29、ies across 17 countries, with distillation capacity of 5.4 million barrels per day and lubricant base stock manufacturing capacity of 126 thousand barrels per day. In FY2012, Exxon Mobils refinery throughput was 5.0 million barrels per day. The fuels marketing business operates throughout the world.
30、 The Exxon, Mobil, and Esso brands serve motorists at 19,382 retail service stations and provide over one million industrial and wholesale customers with fuel products. The company supplies lube base stocks and markets finished lubricants and specialty products. North America - Oil downstream; and a
31、ll others. The upstream segment has operations consisting of exploring for, developing, and producing crude oil and natural gas; liquefaction, transportation, and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processin
32、g, transporting, storage, and marketing of natural gas; and a gas-to-liquids project. Chevron has production and exploration activities in most of the worlds major hydrocarbon basins. In the US, Chevrons upstream activities are concentrated in California, the Gulf of Mexico, Colorado, Louisiana, Mic
33、higan, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia, and Wyoming. In Africa, the company is engaged in exploration and production activities in Angola, Chad, the Democratic Republic of the Congo, Liberia, Morocco, Nigeria, the Republic of the Congo, Sierra Leone, and South Africa.
34、In Asia, the upstream activities are situated in Azerbaijan, Bangladesh, Cambodia, China, Indonesia, Kazakhstan, the Kurdistan Region of Iraq, Myanmar, the Partitioned Zone located between Saudi Arabia and Kuwait, the Philippines, Thailand, and Vietnam. In Europe, the company has upstream operations
35、 in Bulgaria, Denmark, Lithuania, the Netherlands, Norway, Poland, Romania, Ukraine, Russia and the UK. Chevron also has upstream activities in other countries like Argentina, Brazil, Canada, Colombia, Suriname, Trinidad and Tobago, and Venezuela. At the end of FY2012, worldwide net oil equivalent r
36、eserves for consolidated operations and affiliated operations were 8.6 billion barrels and 2.7 billion barrels, respectively. The companys net proved reserves of natural gas for consolidated operations and affiliated operations in FY2012 was 25,654 billion cubic feet (Bcf) and 3,541 Bcf, respectivel
37、y. Further, the companys net proved reserve of liquids, including crude oil condensate, synthetic oil, and natural gas liquids, for consolidated operations and affiliated operations was 4.35 billion barrels and 2.13 billion barrels, respectively. The companys worldwide net oil-equivalent production
38、in FY2012 averaged 2.610 million barrels per day. The company also sells natural gas and natural gas liquids from its producing operations and makes third-party purchases and sales of natural gas and natural gas liquids. During FY2012, the companys US and international sales of natural gas were 5.5
39、billion and 4.3 Bcf per day, respectively, which included the companys share of equity affiliates sales. Outside the US, substantially all of the natural gas sales from the companys producing interests were from operations in Australia, Bangladesh, Europe, Kazakhstan, Indonesia, Latin America, Myanm
40、ar, Nigeria, the Philippines, and Thailand. North America - Oil & Gas 0205 - 2116 - 2012 MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED Page | 33 Further, the US and international sales of natural gas liquids were 157 thousand and 88 thousand barrels per day, respectively
41、, in FY2012. The majority of these international sales of natural gas liquids from the companys producing interests were from operations in Africa, Kazakhstan, Indonesia, and the UK. The downstream segment consists of refining, marketing, trading, and transporting of hydrocarbon products and petroch
42、emicals. The downstream segments most significant areas of operations are the west coast of North America, the US Gulf Coast, Southeast Asia, South Korea, Australia, South Africa, and the UK. In FY2012, the company processed two million barrels of crude oil per day and averaged 2.8 million barrels p
43、er day of refined product sales worldwide. The companys refining and marketing activities are coordinated by two geographic businesses, Americas products and international products. The Americas products business serves commercial and industrial, wholesale, aviation, and retail customers in Canada,
44、Latin America, and the US through Chevron and Texaco brands. The Americas Products portfolio includes six wholly- owned refineries in North America with a crude capacity of approximately one million barrels per day. The company serves customers at approximately 8,900 Chevron and Texaco-branded retai
45、l outlets in Canada, Latin America, and the US. This network of service stations is supported and served by more than 50 fuel terminals. During FY2012, the business sold a daily average of approximately 1.5 million barrels of gasoline and other refined products. In addition, commercial aviation fuel
46、 is marketed at approximately 60 airports across Canada, Latin America, and the US. The international products business provides premium quality Caltex and Texaco-branded fuel products to commercial and industrial, wholesale, aviation, and retail customers in Africa, the Middle East, Europe, and the
47、 Asia-Pacific region. The international products portfolio includes eight refineries and relies on it refinery in Thailand and three large affiliates in South Korea, Australia, and Singapore. The refinery network, including the companys share of affiliates, has a crude capacity of approximately one
48、million barrels per day. Through a network of more than 55 fuel terminals, the company and its affiliates serve customers at approximately 7,800 Caltex and Texaco-branded retail outlets in Africa, the Middle East, Europe, and the Asia-Pacific region. The business sold a daily average of 1.3 million
49、barrels of gasoline and other refined products during FY2012. In addition, commercial aviation fuel is marketed at approximately 60 airports across these markets. The company provides lubricants products to meet the needs of commercial, industrial, consumer, and marine customers. Lubricants and coolants are produced and marketed under the Havoline, Delo, Ursa, Meropa, and Taro product lines under three brands: Chevron, Texaco, and Caltex. Chevron has a global network of 18 blending facilities and multiple contract blenders. The companys chemical activit