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4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips

ConocoPhillips · Jan 26, 2011 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 1
    4th Quarter 2010 Conference Call January 26, 2011
  2. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 2
    Fourth-Quarter Fourth-Quarter Overview Overview Adjusted Earnings 1.32 adjusted EPS 1.9 B 1.73 MMBOED E&P production 138% 2010 organic RRR Cash from Operations 85% refining utilization* 6.2 B 1.9 B LUKOIL share sales 10.4 B…
  3. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 3
    Company Company Adjusted Adjusted Earnings Earnings 4Q10 4Q10 vs. vs. 4Q09 4Q09 MM 411 457 26 146 1,803 1,929 4Q09* Adjusted E&P R&M LUKOIL Other 4Q10 Adjusted Earnings Earnings * Recast to reflect one-quarter lag…
  4. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 4
    E&P E&P Production Production 4Q10 4Q10 vs. vs. 4Q09 4Q09 MBOED 18 37 3 41 1,828 1,729 4Q09 Market Factors Asset Dispositions Planned Operations 4Q10 Maintenance Page 5
  5. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 5
    E&P E&P Production Production 2010 2010 vs. vs. 2009 2009 MBOED 23 19 12 48 1,854 1,752 2009 Market Factors Asset Dispositions Planned Operations 2010 Maintenance Page 6
  6. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 6
    E&P E&P Adjusted Adjusted Earnings Earnings 4Q10 4Q10 vs. vs. 4Q09 4Q09 MM 452 378 72 1,708 1,854 4Q09 Adjusted Prices & Other Sales Volumes Costs & Other 4Q10 Adjusted Earnings Market Impacts Earnings Adjusted…
  7. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 7
    E&P per BOE Metrics E&P Income per BOE E&P Cash Contribution per BOE / BOE / BOE 25 25 20 20 15 15 10 10 15.55 17.25 18.38 22.85 24.23 22.28 22.30 24.07 5 5 4.04 4.77 5.75 10.16 11.64 9.38 9.53 11.66 0 0 1Q09 2Q09 3Q09…
  8. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 8
    R&M R&M Adjusted Adjusted Earnings Earnings 4Q10 4Q10 vs. vs. 4Q09 4Q09 MM 6 72 21 456 207 (204) 4Q09 Adjusted Margins & Other Volumes Operating Other 4Q10 Adjusted Earnings Market Impacts Costs Earnings Adjusted…
  9. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 9
    Other Other Segments Segments Adjusted Adjusted Earnings Earnings 4Q10 4Q10 vs. vs. 4Q09 4Q09 MM 4Q09 4Q10 456 97 91 118 54 (1) (311) (305) Corporate Midstream Chemicals LUKOIL* * 2009 recast to reflect…
  10. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 10
    Company Company Cash Cash Flow Flow 4Q10 4Q10 B 3.1 3.6 2.1 2.6 0.8 0.1 4.1 10.4 8.0 4Q10 CFO excl Working Proceeds Capital Share Dividends Other 4Q10 Beginning Working Capital from Program Repurchase Ending…
  11. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 11
    Sources Sources and and Uses Uses of of Cash Cash 2010 2010 B Other 0.4 LUKOIL Share Sales 8.3 Cash & Capital ST Invest. Program Asset Sales 9.9 10.7 7.1 CFO 17.0 Dividends Debt 3.2 COP Reduction Shares 5.1 3.9…
  12. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 12
    Capital Structure 100 40 50 80 40 69 30 29 27 63 33 31 60 56 24 30 25 20 40 20 10 20 10 0 0 0 '08 '09 '10 '08 '09 '10 '08 '09 '10 Equity B Balance Sheet Debt-to-Capital Debt B Ratio % Page 13
  13. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 13
    ROCE/CROCE ROCE/CROCE Return on Capital Employed Cash Return on Capital Employed 35% 35% 30% 30% 25% 25% 20% 20% 15% 15% 28% 17% 20% 10% 10% 5% 18% 5% 7% 10% 0% 0% 2008 2009 2010 2008 2009 2010 Income adjusted to…
  14. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 14
    Outlook Outlook Operations Exploration and Project Updates March 23, 2011 Analyst meeting Page 15
  15. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 15
    Appendix
  16. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 16
    4Q10 4Q10 vs. vs. 3Q10 3Q10 Total Company Adjusted Earnings (MM) E&P Adjusted Earnings (MM) 562 124 279 130 353 51 84 467 1,854 2,237 1,506 1,929 3Q10 Adjusted Prices & Other Sales Volumes Operating Costs Other 4Q10…
  17. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 17
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations Millions of dollars, except per share amounts 2010 2009 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Consolidated Earnings 2,098 4,164 3,055 2,041 800 859 1,470 1,285 Less: Impairments -…
  18. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 18
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations Millions of dollars 2010 2009 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Midstream Earnings 77 61 77 91 123 31 62 97 Less: Gain on share issuance by equity affiliate - - - - (88) - - -…
  19. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 19
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations Consolidated COP CROCE 2008 2009 4Q10 2010 Numerator EBIDA a (6,659) 14,624 4,446 21,248 non-core earnings impacts (33,480) (616) 112 2,533 adjusted EBIDA 26,821 15,240…
  20. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 20
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 GAAP E&P Net Income* - MM 700 725 978 1,201 1,832 4,114 1,564 1,688 GAAP E&P Net Income* - / BOE 4.04 4.25 5.93 7.14 11.14 26.09 9.90…
  21. 4TH QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 21
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations E&P - ROCE 2010 Numerator Net income 9,198 After-tax interest expense 91 GAAP ROCE earnings 9,289 Non-core earnings impacts 2,444 Adjusted earnings 6,845 Denominator…

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