ConocoPhillips
Looks for and pumps oil and natural gas from under the ground.
📖 Its story
In 1875, Isaac Blake started a company in Utah that delivered kerosene and other products across the western United States; that's how Conoco was born. In 1917, brothers Frank and L.E. Phillips started Phillips Petroleum in Oklahoma. In 2002 the two companies joined together and formed ConocoPhillips.
💵 How it makes money
It sells the oil and natural gas it gets from wells in several countries.
🤯 Fun fact
Before getting into oil, Frank Phillips worked as a barber.
👍 The good part
Oil and gas are still used a lot for transportation, heating and making products.
⚠️ The risk
The price of oil goes up and down a lot, and the world wants to use cleaner energy to protect the climate.
🧠 Did you get it?
Which companies joined to form ConocoPhillips?
🗂️ Quick facts
- Founded in: 1875
- Founded by: Isaac E. Blake (Conoco); Frank and L.E. Phillips (Phillips)
- Home: Houston, Texas
🔎 How to find it on the stock market
- Search the internet for COP stock.
- You can also find it in your parents' investing app with the letters COP.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in ConocoPhillips. Ask your mom or dad to join the list.
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