ConocoPhillips is a company specialized in oil and gas exploration and production. With roots dating back to 1885, ConocoPhilips is now a global leader in exploration, production, and transport to market with a geographical segmented presence in Alaska, the 48 U.S. states (Lower 48), Latin America, Canada, Europe, Asia Pacific, the Middle East, and other locations. The downstream activities of ConocoPhillips were separated as Phillips 66 in 2012.
The market capitalization of a company, more simply referred to as "market cap", is the total market value of a publicly traded company's outstanding shares. It is often considered as a key indicator of what a company is worth.