Who ConocoPhillips buys from and sells to
Largest US independent E&P: Permian, Eagle Ford, Bakken and Alaska crude, plus a growing LNG book.
Buys from 4
Sells to 2
- US Gulf Coast refinersLower 48 crude and condensate
- European and Asian gas buyersLNG from Qatar, Australia and Port Arthur
Where the chain could break
- No downstream: earnings track WTI with little cushion
- Production concentrated in Lower 48 shale basins after the Marathon Oil deal
Competes with
- EOG ResourcesEOGUS shale oil
- OccidentalOXYPermian oil
- DiamondbackFANGPermian oil
- OPEC+supply quotas that set the crude price
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.