{"slug":"conocophillips","name":"코노코필립스","name_en":"ConocoPhillips","ticker":"COP","updated_at":"2026-09-24T04:08:56.837413+00:00","canonical":"https://valuechain.wiki/conocophillips","citable":"밸류체인 그래프 기준 코노코필립스의 직접 연결 기업은 4곳(관계 기준 공급 2·매출 2)이고, 사슬을 2차까지 넓히면 7곳에 닿는다. 링크의 근거 출처는 7건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, ConocoPhillips is directly linked to 4 companies (2 supply, 2 revenue relationships) and reaches 7 companies within two hops; the links are backed by 7 dated sources, 3 of them primary filings (as of 2026-09-24).","kicker":"글로벌 독립 E&P","kicker_en":"Global independent E&P","lead":"코노코필립스는 원유, 천연가스, LNG를 생산하고 장기계약과 현물시장에 판매한다. 유정 서비스와 LNG 액화·오프테이크에 비용을 지출하며, 자산 인수로 핵심 생산지역의 규모를 키운다.","lead_en":"ConocoPhillips produces crude oil, natural gas and LNG for sale through long-term contracts and spot markets. It pays for well services and LNG liquefaction and offtake while using acquisitions to add scale in core producing regions.","categories":[{"key":"oil-gas-exploration-production","ko":"석유·가스 탐사생산","en":"Oil & Gas Exploration and Production","theme":"oil-gas","theme_ko":"석유·가스","theme_en":"Oil & Gas","theme_kind":"sector","primary":true}],"segments":{"parts":[{"name":"알래스카","note":"지리 기준 영업부문"},{"name":"미국 본토 48개 주","note":"지리 기준 영업부문"},{"name":"캐나다","note":"지리 기준 영업부문"},{"name":"유럽·중동·북아프리카","note":"지리 기준 영업부문"},{"name":"아시아태평양","note":"지리 기준 영업부문"}],"total":"FY2025 총매출 589억4,400만달러(고객계약 매출 518억2,400만달러, SEC 10-K XBRL)","track":"C"},"segments_en":{"parts":[{"name":"Alaska"},{"name":"Lower 48"},{"name":"Canada"},{"name":"Europe, Middle East and North Africa"},{"name":"Asia Pacific"}],"total":"FY2025 total revenue of $58.944 billion (revenue from contracts with customers $51.824 billion, SEC 10-K XBRL)"},"returns_yearly":{"2021":86.6,"2022":71.7,"2023":2,"2024":-12.2,"2025":-2.3,"2026":46.4},"return_asof":"2026-10-09","value_chain":{"leading":[{"slug":"atmos-energy","name":"앳모스 에너지","name_en":"Atmos Energy Corporation","tier":1,"returns_yearly":{"2021":12.7,"2022":9.6,"2023":6.2,"2024":23.4,"2025":23.1,"2026":-1.9}},{"slug":"sinopec","name":"시노펙(중국석유화공)","name_en":"Sinopec Corp","tier":1,"returns_yearly":{"2021":20,"2022":19.4,"2023":4,"2024":13,"2025":34,"2026":-10.7}}],"benefiting":[{"slug":"halliburton","name":"핼리버튼","name_en":"Halliburton Company","tier":1,"returns_yearly":{"2021":22,"2022":74.5,"2023":-6.5,"2024":-23.2,"2025":7,"2026":16.8}},{"slug":"sempra","name":"셈프라","name_en":"Sempra","tier":1,"returns_yearly":{"2021":7.4,"2022":20.3,"2023":-0.1,"2024":21.1,"2025":3.9,"2026":-3.5}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":2,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":40.6}},{"slug":"linde","name":"Linde","name_en":"Linde","tier":2,"returns_yearly":{"2021":33.4,"2022":-4.4,"2023":27.7,"2024":3.2,"2025":3.2,"2026":14.6}},{"slug":"kkr-co","name":"KKR & Co.","name_en":"KKR & Co.","tier":2,"returns_yearly":{"2021":85.8,"2022":-37,"2023":80.5,"2024":79.6,"2025":-13.3,"2026":-15}},{"slug":"nucor","name":"뉴코","name_en":"Nucor Corporation","tier":3,"returns_yearly":{"2021":118.4,"2022":17.4,"2023":33.8,"2024":-32,"2025":42,"2026":54.7}},{"slug":"exxonmobil","name":"엑슨모빌","name_en":"ExxonMobil","tier":3,"returns_yearly":{"2021":57.6,"2022":87.4,"2023":-6.3,"2024":11.3,"2025":16,"2026":35.2}}],"analysis":"글로벌 독립 E&P 기업. 2026년 +46.6%로 강하게 올랐다. 수요·공급 연결은 확인되지만 상장 상대 수익률 데이터는 제한적이다.","analysis_en":"ConocoPhillips operates across Global independent E&P. It is up +46.6% in 2026. Its demand and supply links are known, but listed-counterparty return data is limited. It pays for well services and LNG liquefaction and offtake while using acquisitions to add scale in core producing regions.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Marathon Oil Corporation","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-17","basis":"Marathon Oil 인수 종결 시점의 최종 거래가치","value":16500000000,"period":"acquisition closed 2024-11-22","basis_en":"Final acquisition value at the closing of Marathon Oil","qualifier":null},"note":"코노코필립스는 Marathon Oil을 인수해 미국 본토와 적도기니 생산자산을 편입했다. 공시는 거래 종결가치를 확인하며, Wood Mackenzie와 뉴스핌은 발표 당시 거래 규모와 전략적 파급을 각각 분석·보도했다.","note_en":"ConocoPhillips acquired Marathon Oil, adding producing assets in the Lower 48 and Equatorial Guinea. The filing confirms the closing value, while Wood Mackenzie and Newspim assessed the announced transaction and its strategic implications.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-17","url":"https://www.sec.gov/Archives/edgar/data/1163165/000116316526000009/cop-20251231.htm","title":"CONOCOPHILLIPS 10-K (2026-02-17)","title_en":"CONOCOPHILLIPS 10-K (2026-02-17)","excerpt":"2024년 11월 Marathon Oil을 인수했으며 종결 시점 거래가치는 165억달러였다.","excerpt_en":"In November 2024, we acquired Marathon Oil. At closing, the acquisition was valued at $16.5 billion."},{"stance":"confirms","publisher":"우드매켄지","publisher_en":"Wood Mackenzie","kind":"analysis","lang":"en","published_at":"2024-05-30","url":"https://www.woodmac.com/es/press-releases/2024-press-releases/conocophillips-acquisition-of-marathon-oil-creates-third-largest-producer-in-the-us-lower-48-says-wood-mackenzie/","title":"ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood Mackenzie","title_en":"ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood Mackenzie","excerpt":"Marathon 편입으로 코노코필립스는 미국 본토 48개 주에서 세 번째로 큰 생산자가 될 것으로 분석됐다.","excerpt_en":"The addition of Marathon further solidifies ConocoPhillips in a league of its own, with few true peers."},{"stance":"mentions","publisher":"뉴스핌","publisher_en":"Newspim","kind":"news","lang":"ko","published_at":"2024-05-30","url":"https://www.newspim.com/news/view/20240529001217","title":"코노코필립스, 30조8000억원에 마라톤 오일 인수","title_en":"ConocoPhillips to acquire Marathon Oil for KRW 30.8 trillion","excerpt":"코노코와 마라톤은 29일 225억달러 규모의 인수 계획을 밝혔다.","excerpt_en":"ConocoPhillips and Marathon announced a $22.5 billion acquisition plan on May 29."}]},{"direction":"revenue","counterparty":"시노펙(중국석유화공)","counterparty_slug":"sinopec","confidence":"high","metric":{"type":"volume","unit":"metric_tonnes_per_annum","as_of":"2026-02-17","basis":"APLNG의 시노펙향 LNG 연간 계약물량","value":7600000,"period":"20-year agreement","basis_en":"Annual APLNG LNG volume contracted to Sinopec","qualifier":null},"note":"코노코필립스가 LNG 시설과 수출 판매를 운영하는 APLNG는 시노펙에 장기계약 물량을 판매한다. 이 계약은 APLNG의 두 핵심 수출 오프테이크 중 더 큰 계약이다.","note_en":"APLNG, whose LNG facility and export sales business are operated by ConocoPhillips, sells contracted LNG volumes to Sinopec. This is the larger of APLNG's two core export offtake agreements.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-17","url":"https://www.sec.gov/Archives/edgar/data/1163165/000116316526000009/cop-20251231.htm","title":"CONOCOPHILLIPS 10-K (2026-02-17)","title_en":"CONOCOPHILLIPS 10-K (2026-02-17)","excerpt":"APLNG의 LNG는 시노펙에 연간 760만톤 규모의 20년 판매계약으로 공급된다.","excerpt_en":"The LNG is being sold to Sinopec under a 20-year sales agreement for 7.6 MTPA of LNG."}]},{"direction":"cost","counterparty":"셈프라","counterparty_slug":"sempra","confidence":"high","metric":{"type":"volume","unit":"metric_tonnes_per_annum","as_of":"2026-02-26","basis":"Port Arthur LNG 1단계에서 코노코필립스 계열사가 인수하는 연간 LNG 물량","value":5000000,"period":"20-year agreement","basis_en":"Annual LNG offtake by a ConocoPhillips affiliate from Port Arthur LNG Phase 1","qualifier":null},"note":"코노코필립스 계열사는 셈프라가 운영하는 Port Arthur LNG 1단계에서 LNG를 인수하는 확정 계약을 맺었다. 이 계약은 코노코필립스가 LNG 액화·오프테이크 서비스에 지급하는 비용 관계다.","note_en":"A ConocoPhillips affiliate has a definitive LNG offtake agreement with Sempra's Port Arthur LNG Phase 1. The agreement represents ConocoPhillips' purchase of LNG liquefaction and offtake services.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-26","url":"https://www.sec.gov/Archives/edgar/data/92108/000009210826000012/sempra2025annualreport.pdf","title":"Sempra 2025 Annual Report and Form 10-K","title_en":"Sempra 2025 Annual Report and Form 10-K","excerpt":"코노코필립스 계열사는 연간 500만톤의 LNG를 20년간 인수하는 확정 계약을 체결했다.","excerpt_en":"An affiliate of ConocoPhillips for a 20-year term for 5 Mtpa of LNG."}]},{"direction":"revenue","counterparty":"간사이전력","counterparty_slug":null,"confidence":"high","metric":{"type":"volume","unit":"metric_tonnes_per_annum","as_of":"2026-02-17","basis":"APLNG의 간사이전력향 LNG 연간 계약물량","value":1000000,"period":"20-year agreement","basis_en":"Annual APLNG LNG volume contracted to Kansai Electric","qualifier":null},"note":"APLNG는 일본 간사이전력에도 장기계약으로 LNG를 판매한다. 코노코필립스는 이 합작사의 LNG 시설과 수출 판매 사업을 운영한다.","note_en":"APLNG also sells LNG to Japan's Kansai Electric under a long-term agreement. ConocoPhillips operates the joint venture's LNG facility and export sales business.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-17","url":"https://www.sec.gov/Archives/edgar/data/1163165/000116316526000009/cop-20251231.htm","title":"CONOCOPHILLIPS 10-K (2026-02-17)","title_en":"CONOCOPHILLIPS 10-K (2026-02-17)","excerpt":"APLNG는 간사이전력에 연간 약 100만톤의 LNG를 20년 계약으로 판매한다.","excerpt_en":"Japan-based Kansai Electric Power Co., Inc. under a 20-year sales agreement for approximately one MTPA of LNG."}]},{"direction":"revenue","counterparty":"앳모스 에너지","counterparty_slug":"atmos-energy","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-11-14","basis":"코노코필립스에서 구매한 천연가스 금액","value":null,"period":"FY2025","basis_en":"Natural gas purchased from ConocoPhillips","qualifier":"confirmed_no_disclosed_value"},"note":"코노코필립스는 앳모스 에너지가 FY2025 10-K에서 직접 열거한 주요 천연가스 공급사이며, 상대별 구매액은 공개되지 않았다.","note_en":"ConocoPhillips is one of the major natural gas suppliers that Atmos Energy directly identified in its FY2025 Form 10-K, with supplier-specific purchases undisclosed.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회 EDGAR","publisher_en":"U.S. Securities and Exchange Commission EDGAR","kind":"filing","lang":"en","published_at":"2025-11-14","url":"https://www.sec.gov/Archives/edgar/data/731802/000073180225000056/ato-20250930.htm","title":"앳모스 에너지 2025 회계연도 Form 10-K","title_en":"Atmos Energy Corporation FY2025 Form 10-K","excerpt":"회사는 ConocoPhillips Company를 FY2025 주요 공급사 가운데 하나로 열거했다.","excerpt_en":"Major suppliers during fiscal 2025 were ARM Energy Management LLC, Cima Energy, LP, ConocoPhillips Company, ECO Energy Natural Gas LLC, EnLink Gas Marketing LP, Sequent Energy Management LLC, Symmetry Energy Solutions, LLC, Targa Gas Marketing LLC, Tenaska Marking Ventures, and Texla Energy Management, Inc."},{"stance":"mentions","publisher":"밸푸어 캐피털 그룹 리서치 부서","publisher_en":"Balfour Capital Group Research Department","kind":"research","lang":"en","published_at":"2025-06-09","url":"https://balfourcapitalgroup.com/wp-content/uploads/2025/06/ATO-Research.pdf","title":"앳모스 에너지 기업 리서치","title_en":"Atmos Energy Corporation Research","excerpt":"리서치는 앳모스 에너지의 핵심 운영이 천연가스 조달, 저장, 규제 배급으로 구성된다고 분석한다. 코노코필립스라는 공급사명은 10-K에서 직접 확인된다.","excerpt_en":"Its core operations cover procurement, storage, and regulated distribution, with a pipeline and storage infrastructure supporting residential, commercial, and industrial clients."}]},{"direction":"cost","counterparty":"핼리버튼","counterparty_slug":"halliburton","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2025-08-13","basis":"북해 유정자극 서비스 계약금액","value":null,"period":"multi-year contract announced in 2025","basis_en":"North Sea well stimulation services contract value","qualifier":"confirmed_no_disclosed_value"},"note":"코노코필립스의 노르웨이 계열사는 북해 유정 성능과 저류층 생산성을 높이는 자극 서비스 계약을 핼리버튼에 발주했다. 계약금액은 공개되지 않았다.","note_en":"ConocoPhillips' Norwegian affiliate awarded Halliburton a North Sea well stimulation services contract focused on well performance and reservoir productivity. The contract value was not disclosed.","sources":[{"stance":"confirms","publisher":"핼리버튼","publisher_en":"Halliburton","kind":"ir","lang":"en","published_at":"2025-08-13","url":"https://www.halliburton.com/en/about-us/press-release/conocophillips-halliburton-multi-year-well-stimulation-contract-north-sea","title":"ConocoPhillips awards Halliburton multi-year well stimulation services contract in the North Sea","title_en":"ConocoPhillips awards Halliburton multi-year well stimulation services contract in the North Sea","excerpt":"코노코필립스 스칸디나비아는 핼리버튼에 종합 유정자극 서비스 계약을 발주했다.","excerpt_en":"ConocoPhillips Skandinavia AS awarded Halliburton a contract to deliver comprehensive well stimulation services."}]}]}