Opportunity — A high-quality portfolio of existing assets, promising major projects under development worldwide, and investment in numerous new emerging businesses ensures an opportunity-rich future for ConocoPhillips. Renewable diesel fuel represents one such opportunity. Garry Bush (featured in the top photo) works with a team at the company’s Bartlesville, Okla., research facility to further the production and marketing of renewable fuels in the United States. The company’s renewable diesel fuel technology is already in use in Europe.
Performance — Strong, reliable operating performance, delivered in a safe and environmentally responsible manner, is paramount to ConocoPhillips’ success. In 2006, the company improved global crude oil and natural gas production, added reserves, increased crude oil refining capacity and advanced its major projects while completing a number of significant transactions on schedule. The acquisition of Burlington Resources (featured in the middle photo), made ConocoPhillips one of the largest natural gas producers in North America.
Value — ConocoPhillips is committed to delivering a strong total return to shareholders, a measure that reached 26.5 percent in 2006 and was well above the industry average. The company is determined to remain competitive through strong, reliable operating performance, a well-executed investment plan, continued capital and cost discipline, ongoing annual dividend increases, and a robust share repurchase program. Margaree Everage (featured in the bottom photo), an operator at Wood River refinery in Roxana, Ill., represents the 38,400 employees working worldwide to consistently deliver top performance and value to shareholders.
