ConocoPhillips is an international, integrated energy company. It has six operating segments. Exploration and Production segment explores for, produces and markets crude oil, natural gas and natural gas liquids. Midstream segment gathers, processes and markets natural gas, and fractionates and markets natural gas liquids, primarily in the United States and Trinidad. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL. The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. Emerging Businesses segment includes the development of new technologies and businesses outside the Company’s normal scope of operations. In October 2007, American Electric Power Company, Inc. sold its 50% interest in the Sweeny Cogeneration plant in Texas to ConocoPhillips. 

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Australia Market Report of September 10: Rising Figures to Delay Rate Cut

🕔9/10/2008 12:30:00 PM 12910

The Australian share market fell yesterday. The benchmark S&P/ASX200 index was down 87.4 points, or 1.75%, to 4980.1, while the broader All Ordinaries gave up 84.4 points, or 1.67%, to 5041.9. The resource stocks dropped again, with the commodity prices down.

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Australia Market Report of September 9: Chinese Demand to Prevent Australia From Recession

🕔9/9/2008 12:30:41 PM 7425

Yesterday Australian shares soared the most in almost half a year after the US Government's bailout of mortgage giants to calm investor worries about global market turbulence.

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Australia Market Report of September 8: Growth Forecast Turnaround

🕔9/8/2008 1:00:30 PM 12819

On Friday, the Australian share market fell more than 2% as major banking and resources stocks felt the impact of renewed concerns about the health of the global economy. The benchmark S&P/ASX200 finished down 102.4 points, or 2.06% to 4877.1. The broader All Ordinaries lost 101.4 points, or 2.01% to 4949.5.

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