ConocoPhillips selects Ernst & Young as independent auditor

The audit and compliance committee of the board of directors of oil giant ConocoPhillips has selected Ernst & Young LLP as the company's independent auditor of record, effective immediately.

The committee said its selection was based on Ernst & Young's strong team of energy professionals and their state-of-the-art integrated technology tools and processes.

ConocoPhillips, which has its headquarters in Houston, is a major international integrated energy company with operations in some 49 countries. The company has assets of $US75 billion, net proven reserves of 8.7 billion barrels of oil equivalent (BOE), and daily production of 1.7 million BOE.