ConocoPhillips

NYSE: COP24Laggard· Provisional

0 followersOil & gas·Houston, TX, United States·Founded 2002

Largest US pure-play exploration and production company, focused on conventional and unconventional oil and gas in North America, Europe, Asia, and Australia with no material clean-energy investments.

24/100

Laggard· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: high

Why it's on ClimateTicker

ConocoPhillips is the largest US pure-play E&P company whose core business is extracting and selling fossil fuels, generating ~255 billion kg CO2e in total annual emissions (overwhelmingly Scope 3); it does not invest materially in clean energy. Its operational (Scope 1+2) intensity targets and OGMP 2.0 Gold Standard methane reporting reflect above-average transparency for its peer group, but no SBTi validation exists, Scope 3 is explicitly excluded from its net-zero ambition, and the 2025 gross emissions rose 17% after the Marathon Oil acquisition — making the net climate trajectory negative.

laggardConocoPhillips earns revenue by exploring for and producing crude oil, natural gas, and LNG across 13 countries, selling hydrocarbons at market prices and returning capital to shareholders through dividends and buybacks.

Commitments & Certifications

other: Gold Standard Pathway awarded 2024 ↗other: Constituent — 2023 ↗other: AA rating ↗

Controversy & Greenwashing Watch

mediumGross Emissions Rose 17% After Marathon Oil Acquisition

ConocoPhillips' total gross operated GHG emissions increased approximately 17% in 2025 versus 2024, driven by the Marathon Oil acquisition, directly contradicting any narrative of an improving absolute emissions trajectory.source ↗

mediumScope 3 Excluded from Net-Zero Pledge

ConocoPhillips' 2050 net-zero ambition covers only operational (Scope 1 and 2) emissions and explicitly excludes Scope 3, which constitute approximately 94% of the company's total reported carbon footprint of ~255 billion kg CO2e.source ↗

mediumConcho Securities Fraud Litigation

Lead plaintiffs alleged that Concho (acquired by ConocoPhillips) made materially false and misleading statements about business operations; defendants' motion to dismiss was denied in June 2023, keeping ConocoPhillips exposed to unspecified damages.source ↗

highLouisiana Coastal Contamination Lawsuits

ConocoPhillips is a defendant in 22 lawsuits filed by Louisiana parishes seeking damages for coastline contamination and erosion allegedly caused by historical oil and gas operations, with cases now proceeding in state court after federal remand was upheld by the Fifth Circuit and Supreme Court.source ↗

highUS Climate-Liability Lawsuits

Beginning in 2017, governmental entities and individuals across multiple US states and territories have filed climate change liability lawsuits against ConocoPhillips seeking compensatory damages and equitable relief, with additional suits expected.source ↗

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