On the Record · Conocophillips

Conocophillips acquisitions, on the record

The businesses Conocophillips bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Hess Libya Waha Ltd. Word for word“In November 2022, ConocoPhillips and TotalEnergies completed the joint acquisition of Hess Libya Waha Ltd., which increased our interest in the Waha Concession by 4.1 percent to 20.4 percent.” 10-K for 2022	acquisition	In November 2022	—
additional 10 percent interest in APLNG from Origin Energy Word for word“In February 2022, we completed the acquisition of an additional 10 percent interest in APLNG from Origin Energy, increasing our ownership to 47.5 percent, with Origin and Sinopec retaining 27.5 percent and 25 percent interests, respectively.” 10-K for 2022	acquisition	In February 2022	—
subsidiary holding the 54 percent interest in the Indonesia Corridor Block PSC and a 35 percent shareholding interest in the Transasia Pipeline Company Word for word“In March 2022, we completed the sale of our subsidiary that indirectly held the company’s 54 percent interest in the Indonesia Corridor Block PSC and a 35 percent shareholding interest in the Transasia Pipeline Company.” 10-K for 2022	divestiture	In March 2022	—
Shell's assets in the Delaware Basin Word for word“In December 2021, we completed our acquisition of Shell’s assets in the Delaware Basin for cash consideration of approximately $8.7 billion after customary adjustments.” 10-K for 2022	acquisition	In December 2021	approximately $8.7 billion
Concho Resources Inc. Word for word“We completed our acquisition of Concho on January 15, 2021 in an all-stock transaction.” 10-K for 2022	acquisition	January 15, 2021	—
30 percent of the equity in Phase 1 of Port Arthur LNG Word for word“Domestically, in November 2022, we entered into several agreements with Sempra entities in connection with the Port Arthur LNG (PALNG) facility, including a Sales and Purchase Agreement for 5 MTPA of LNG offtake at the start-up of Phase 1 of the PALNG facility, and an Equity Sale and Purchase Agreement, whereby we will acquire 30 percent of the equity in Phase 1 of Port Arthur LNG.” 10-K for 2022	agreed acquisition	November 2022	—
additional working interest in the Kuparuk River Unit and Prudhoe Bay Unit from Chevron U.S.A. Inc. and Union Oil Company of California Word for word“After exercising our preferential rights, we completed an acquisition that increased our working interest by approximately five percent in the Kuparuk River Unit and approximately 0.4 percent in the Prudhoe Bay Unit in Alaska from Chevron U.S.A. Inc. and Union Oil Company of California in the fourth quarter of 2024 for $296 million before customary adjustments.” 10-K for 2024	acquisition	in the fourth quarter of 2024	$296 million before customary adjustments
noncore assets within our Lower 48 segments Word for word“We recently entered into agreements to sell noncore assets within our Lower 48 segments that are expected to close in the first half of 2025 for approximately $600 million, subject to customary closing adjustments.” 10-K for 2024	agreed divestiture	expected to close in the first half of 2025	approximately $600 million
remaining 50 percent working interest in Surmont from TotalEnergies EP Canada Ltd. Word for word“In October 2023, we acquired the remaining 50 percent working interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion of cash after customary adjustments.” 10-K for 2024	acquisition	In October 2023	approximately $2.7 billion of cash after customary adjustments
Marathon Oil Word for word“In November 2024, we acquired Marathon Oil.” 10-K for 2025	acquisition	November 2024	—
Ursa and Europa fields and Ursa Oil Pipeline Company LLC Word for word“In 2025, we completed multiple divestitures, including the Ursa and Europa fields and Ursa Oil Pipeline Company LLC for net proceeds of $699 million, the Anadarko Basin for net proceeds of $1.2 billion and other noncore assets for $1.1 billion.” 10-K for 2025	divestiture	2025	$699 million
Surmont 50 percent working interest from TotalEnergies EP Canada Ltd. Word for word“In October 2023, we acquired the remaining 50 percent working interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion of cash after customary adjustments.” 10-K for 2025	acquisition	October 2023	approximately $2.7 billion

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2019-12-31	$0
2020-12-31	$0
2021-12-31	$8.29 billion
2022-12-31	$60 million
2023-12-31	$2.72 billion
2024-12-31	$24 million
2025-12-31	$0

Deal filings since 2016

2024-11-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-05-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-10-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-05-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Conocophillips’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.