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95 - ConocoPhillips

Light trails from moving traffic are seen in front of a ConocoPhillips gas station at dusk in Fort Worth, Texas, U.S., on Monday, Oct. 24, 2016. ConocoPhillips is scheduled to release earnings figures on October 27. Photographer: Luke Sharrett/Bloomberg via Getty Images - Luke Sharrett — Bloomberg via Getty Images
Light trails from moving traffic are seen in front of a ConocoPhillips gas station at dusk in Fort Worth, Texas, U.S., on Monday, Oct. 24, 2016. ConocoPhillips is scheduled to release earnings figures on October 27. Photographer: Luke Sharrett/Bloomberg via Getty Images Luke Sharrett — Bloomberg via Getty Images

ConocoPhillips spent much of 2017 slimming down and selling assets to reduce the heavy debt load it built up over several lean years from low oil prices. Now that the price of crude is on the upswing, CEO Ryan Lance has more breathing room to maneuver. Major sales included oil sands and natural gas interests in Canada, a stake in the Barnett Shale in Texas, and natural gas assets in the San Juan Basin in New Mexico and Colorado. Still, with rising oil prices, operating revenue increased 23% to $29 billion. Lance also managed to pay down $7.6 billion of debt and get past the almost decade old controversy over nationalized assets in Ecuador with a $337 million settlement.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank115
Revenues ($M)$32584
Revenue Percent Change33.8%
Profits ($M)$-855.0
Profits Percent Change%
Assets ($M)$73362
Market Value — as of March 29, 2018 ($M)$69641
Employees11400

Company Facts

Employees11400
SectorEnergy
IndustryMining, Crude-Oil Production
HQ LocationHouston
CEORyan M. Lance
CEO Title-
Websitewww.conocophillips.com
Years on Fortune 500 List24

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