On November 26, 2012, in its largest acquisition ever, ONGC Videsh agreed to buy ConocoPhillips' 8.4% stake in the Kashagan oilfield for approximately US$5 billion.

[25][26] In April 2012, ConocoPhillips sold its Trainer Refinery to Monroe Energy LLC, a subsidiary of Delta Air Lines.

[30] In July 2016, the company agreed to sell a 35% stake in three Senegalese deepwater oil and gas exploration blocks for about $350 million to Woodside Petroleum.

[33] In March 2017, the company agreed to sell its Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus Energy for $13.3 billion.

[37] In May 2018, ConocoPhillips seized assets belonging to the Venezuelan state oil company PDVSA from the Isla refinery on Curaçao to collect on $2 billion owed since a 2007 court decision.

[38] In March 2019, the World Bank ruled that Venezuela must pay ConocoPhillips $8.7 billion to compensate for the 2007 expropriation of oil assets.

Executive Vice President Matt Fox, stated that this was the fourth successful exploration well to be found on the Norwegian continental shelf in the past 16 months.

[53][54][55][56] In September 2021, ConocoPhillips announced it would buy all of Royal Dutch Shell PLC's assets in the Permian basin for around $9.5 billion in cash.

Also in 2022, FPSO contractors Bumi Armada, MISC and Yinson Holdings were said to have expressed an interest in this project, and Genesis was contracted for engineering services.

[65][66] In July 2024, ConocoPhillips took legal action against the Biden administration after a new ruling in April of that year blocked oil and gas development on nearly half of Alaska's National Petroleum Reserve.

[67] In September 2024 ConocoPhillips and Uniper agreed for a supplying deal which is up to 10 billion cubic metres (bcm) of natural gas for the next 10 years.

In January 2007, the partnership advised President George W. Bush that mandatory emissions caps would be needed to reduce the flow of carbon dioxide and other greenhouse gases into the atmosphere.

[77] In May 2020, it was reported that the company was planning new drillings in Alaska's North Slope which would affect the life of 400 in the Native Village of Nuiqsut.

[79] In 1990, ConocoPhillips agreed to pay $23 million to buy 400 homes and compensate families in Ponca City, Oklahoma, who said its refinery gave them cancer and other illnesses.

[81] In 2015, ConocoPhillips and Phillips 66 agreed to pay $11.5 million to settle a lawsuit alleging that hundreds of their gas stations violated California anti-pollution laws since 2006.

[82] In May 2019, ConocoPhillips settled a lawsuit with homeowners in northwestern Oklahoma City who accused the company of polluting their soil and water to such a degree that no trees or flowers will grow.

ConocoPhillips was one of 50 companies named in a 2007 lawsuit filed against manufacturers, distributors and other industrial users of the gasoline additive MTBE, found in groundwater at locations throughout New Jersey.

[88] In 2021 and 2022, an index constructed by researchers at the University of Cambridge showed that bitcoin mining consumed more electricity during the course of the year than the entire nations of Argentina (a G20 country) and the Netherlands.

[89][90][91] ConocoPhillips reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 16,200 Kt (-4,300 /-21% y-o-y).

[92] Importantly, the figure does not include Scope 3 end-use emissions resulting from the consumption of fossil fuels produced by the company.