Proudly combining the two venerable oil industry names of Conoco and Phillips, ConocoPhillips is the world's largest independent exploration and production company based on reserves and oil production. Once a fully integrated oil company (upstream and downstream) ConocoPhillips now focuses on exploration and production (having spun off Phillips 66 in 2012). The company explores for, produces, transports, and sells crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs) around the world. ConocoPhillips explores for oil and gas in 21 countries and in 2015 it had proved reserves of 8.9 billion barrels of oil equivalent. It produced about 1.5 million barrels per day in 2015.