Our business divisions

Upstream


Strengthening energy security and meeting society’s evolving energy supply needs

Upstream strengthens energy security by expanding access to reliable and affordable supply while focusing on achieving industry-leading emissions intensity.

See Sooner. Act Faster. Lead Progress.

Vantage is our centralized monitoring center that brings together data, field insight, and expertise from across our operations in the U.S. From a single location, Vantage can analyze and visualize real-time data from more than 22,000 sites. What makes Vantage different is how it turns data into action and measurable impact.

Our Upstream portfolio

  • Unconventional

    We operate throughout the United States, from the Permian Basin to the Bakken to Appalachia. We hold more than 9.5 million acres, with a total resource base of approximately 18.5 billion oil equivalent barrels. We also provide operational support for unconventional resource development in Argentina.
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  • Conventional

    Conventional oil and natural gas are the largest and most diverse piece of the Upstream portfolio. We have operations spanning a wide range of conditions in nearly 20 countries.
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  • Deepwater

    We maintain one of the most active deepwater exploration programs in the industry, with acreage positions in Guyana, Angola, and the Eastern Mediterranean. We invest in efficient and responsible exploration that leads to projects that deliver robust shareholder returns while supplying needed energy for today and tomorrow.
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  • Heavy Oil

    Through our majority-owned affiliate Imperial Oil Limited, we have a significant heavy-oil-asset portfolio in the oil sands region of Alberta, Canada.
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  • Natural gas

    Oil and natural gas technologies, such as horizontal drilling and hydraulic fracturing, have unlocked vast unconventional resources. These supplies have dramatically altered the energy landscape over the past decade, particularly in North America.
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    Well, Well, Well: Delivering results in New Mexico

    Since 2017, we’ve drilled and completed 1,000 horizontal wells in the New Mexico Delaware Basin. This milestone is a testament to the dedication and expertise of our team, which consistently delivers reliable energy safely and efficiently.

    Our global organization

    Multiple businesses benefiting from a full set of corporate advantages