Conoco Phillips Strategic Management

4842 Words20 Pages
Comprehensive Analysis and Recommendation Report Submittal Date: May 3rd, 2013. Table of Contents 1.Executive Summary............................................................................................3 2.History / Origins.…..............................................................................................4 3.Company Split-2012...........................................................................................6 4.Porters Five Forces.............................................................................................7 a. Barriers to Entry............................................................................. 7 b. Bargaining Power of Suppliers………….…………………………..8…show more content…
History / Origins According to the company 's website, ConocoPhillips can have its origins traced back to 1875, with the Conoco founder Isaac E. Blake having the idea to have kerosene available to the public in an affordable way, in the Ogden, Utah region. In the early twentieth century, the Phillips brothers began drilling with great success. After both companies were strong individual success, they formed a merger ConocoPhillips, with the strengths of oil and gas that merged in 2002 to form a partnership. Being a strong competitor in the industry, the main competitors include the likes of BP, ExxonMobil, etc. Although new competition is quite unlikely, ConocoPhillips must be quite cautious in terms of price sensitivity and integration. The reasoning behind this is the extreme competitive nature of the industry, and the minute differences between the top tiers of competition. The years leading up to the formation of ConocoPhillips were marked by moments of triumph and challenges. Several of these moments highlighted both Conoco and Phillips’ pioneering spirits. Phillips led the path in innovation by becoming the first company to develop and market propane for home heating and cooking, building the first long-distance multi-product pipeline and inventing a process to make high-octane gasoline possible. Conoco used its pioneering spirit to develop the first filling station in the
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