Burlington Resources Inc.

Corporate Finance:Energy

Summary

ConocoPhillips is the third largest oil and gas major in the United States and the world’s sixth largest by proved reserves and production, with significant activities in the United States (35% of 2006 production), Europe (19%) and the Asia-Pacific region (9%). It is the second largest refiner in the United States and the world’s fifth largest (2.6 million barrels of refinery capacity) with joint ventures in midstream and chemicals operations.