ConocoPhillips China
  • Who We Are
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    Who We Are

    ConocoPhillips China, world’s largest independent E&P company, oil and gas exploration and production operations in China.

    Our Company

    ConocoPhillips China Inc. (COPC) is a wholly-owned subsidiary of ConocoPhillips undertaking oil and gas exploration and production operations in China. GO

    Our Vision In China

    Be the leading independent oil and gas supplier to the Chinese economy, delivering value to the people of China, local communities, investors, partners and employees through the application of our SPIRIT value. GO

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    Business Ethics, Conduct & Policy. GO

    SPIRIT Values

    Our SPIRIT Values – Safety, People, Integrity, Responsibility, Innovation, Teamwork GO

    Clean Energy

    Secure and sustainable energy future of ConocoPhillips China. GO

    Our story in China

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  • Sustainable Development
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    Sustainable Development

    ConocoPhillips has proudly supported the sustainable development of China’s energy resources for more than 30 years.

    Our Commitment

    We are committed to delivering on our global commitment to economic growth, a healthy environment and vibrant communities across our operations in China. GO

    Commitment to the Bohai Sea

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    Our Approach

    ConocoPhillips promotes sustainable development by practicing five competencies: integration, stakeholder engagement, lifecycle management, knowledge management and innovation. GO

  • In Communities
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    In Communities

    ConocoPhillips China takes action for the good of the community.

    Education & Youth Development

    An important part of our business is the philanthropic work we undertake in our community, and education and youth programs are at the heart of it. GO

    Environment

    Our goal is to operate our businesses in a safe and environmentally friendly manner causing harm to no one, be they employees, contractors, customers, neighbors or communities. GO

    Disaster Relief

    ConocoPhillips China is ready to provide support to the communities that are badly impacted by natural disasters. We provided funds to Sichuan Wenchuan in 2008 and Qinghai Yushu in 2010 that were devastated by earthquakes. GO

    Health, Safety & Social Services

    Supporting organizations that connect citizens and families in need with basic human or social services to ensure their safety, health and well-being. GO

    Employee Volunteerism

    Embedded in the SPIRIT of ConocoPhillips' core values is a strong commitment to building a legacy of trust and enhancing the quality of life in the communities in which we live and operate. GO

    Bohai Environmental Sustainability Initiative

    ConocoPhillips is committed to supporting programs that enhance the marine environment and bring long-term benefit to China, with special focus on Bohai Bay and its communities. GO

ConocoPhillips Provides Further Details on Bohai Bay Funds

December 21, 2011

HOUSTON - ConocoPhillips [NYSE:COP] today provided further details about the compensation and environmental funds that have been established in response to two separate accidents in Bohai Bay, China. The funds, first announced in September, recognize the company¡¯s responsibility for the accidents and demonstrate its commitment to the people and government of China.

"ConocoPhillips takes responsibility for the two incidents in June," said Jim Mulva, ConocoPhillips chairman and chief executive officer. "These funds can help address the challenges of those who have been affected and promote the environmental sustainability of Bohai Bay."

Since ConocoPhillips announced the Bohai Bay Compensation Fund on September 6 and an environmental fund on September 18, the company has worked to design both funds to meet the long-term needs of communities in the Bohai Bay region.

The Bohai Bay Compensation Fund will provide reasonable compensation for any damages caused by the June 2011 accidents that occurred at the Peng Lai 19-3 field in Bohai Bay. The fund will be independently administered and will provide compensation to affected people, communities and industries near Bohai Bay.

The separate environmental fund will support research, restoration and other initiatives that enhance the marine environment and bring long-term benefit to the bay environment and its nearby communities. The environmental fund could support projects such as wetlands preservation, water quality improvement, fishery resources, marine ecosystems and risk management. ConocoPhillips is identifying leading independent experts who will provide guidance for the selection process and subsequent monitoring of the projects.

The Bohai Bay Compensation Fund and the environmental fund will function in accordance with applicable laws and regulations of the People's Republic of China and international standards. Periodic updates on the progress of the Bohai Bay Compensation Fund and environmental fund will be provided.

For more on the incidents, response and clean up efforts, go to www.conocophillips.com.cn.

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Contacts

 

Aftab Ahmed (media)
+1 (281) 293-4138
aftab.ahmed@conocophillips.com

 

 

Clayton Reasor (investors)
+1 (212) 207-1996
c.c.reasor@conocophillips.com

 

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