ConocoPhillips: Positioned for Success Production: 1,570-1,580 MBOED (2012e) Largest North American-based independent Majors asset base with compelling growth High-margin legacy assets Lower risk, diversified international…
Our Value Proposition Sector-leading distributions 3 5% production CAGR 3 5% margin CAGR Ongoing priority to improve returns Relentless focus on safety and execution 4
Disciplined Investment Approach 75-80% of CFO allocated to capex for growth Current Dividend Yield and returns Sustainable production growth 100%+ organic reserve replacement Build inventory of future investment options 20-25% of…
Investing for Profitable Growth Disciplined allocation of 15-16 B annual capex generates 3 5% CAGR with high margins and lower risk * 2012 full-year impact of disposition candidates 6
Margin Improvement and Compelling Near-Term Growth Shift to high-margin production drives 3 5% cash margin CAGR Five high-margin projects will account for 550+ MBOED by 2016 Lower-risk geographies and geologies; diversified plays…
Focused on Absolute and Relative Returns Capital allocation optimized for 2011 ROCE growth and returns Goal to continue absolute improvement in returns Close gap and maintain strong relative position Diligence on cost…
Portfolio Overview: Impactful North American Position Largest independent producer in North America 3 5% production CAGR projected from high-return programs Technical strengths in unconventional, heavy oil and arctic 9
Portfolio Overview: Lower Risk International Position Majority of production in long-lived assets in OECD countries 4 6% production CAGR expected from major projects Technical capabilities in conventional, deepwater, LNG,…
Massive Land Position in L48 and Canada COP Acreage Lower 48: 15.3 MM Net Acres Williston Western Canada: 5.9 MM Net Acres Total North America: 21 MM Net Acres Bakken Rockies San Juan Panhandle Barnett Permian Eagle Ford…
Strong Unconventional Technology Capability Sweet spot identification Reservoir & completion performance Field Optimization Pilot Well construction Well intervention Completions Optimization Life-of-field optimization…
Eagle Ford Best Position in Best Play 228 M net acres in liquids-rich play (77% liquids) with 1.8 BBOE resources 2012 Program: 2.5 B investment; 50%+ return 1 Wells lead industry performance with 37/BBL breakeven WTI2 Production…
Permian Emerging Liquids Growth 1.1 MM net acres in liquids-rich play (60% liquids) with 1.1 BBOE resources 2012 program: 0.6 B investment; 40%+ return1 Exposure in every play; over 7,000 gross identified well locations Promising…
Bakken Legacy Oil in Heart of Trend 207 M net lease / 419 M net mineral acres in oil play with 0.4 BBOE resources1 2012 program: 0.6 B investment; 25%+ return 2 Managed pace based on access to service and infrastructure Drilling…
Canada SAGD World-Class Assets 2012 program: 2.3 B investment; average project returns of 13%+1 Repeatable manufacturing improves capital efficiency and time to first oil Opportunity to unlock additional 8.6 BBOE resources with…
Europe New Opportunities Near-term, high-return projects: Eldfisk II, Ekofisk South, Jasmine, Clair Ridge 2012 major project program: 2.2 B investment; project returns1 of 20%+ Future opportunities include Tor Redevelopment…
Malaysia Projects Deepwater Growth Includes 4 sanctioned project 2012 program: 0.5 B investment; project returns of 17 20%1 Appraisal and development planning underway on 4 additional discoveries Production MBOED Malaysia Assets…
Australia Pacific LNG Project Update On schedule with first cargo targeted for June 2015 2012 program: 2.0 B; full-cycle project returns of 8 10%1 Current ownership: 37.5%; FID achieved on both 4.5 MTPA trains Project financing…
Future Growth from Unconventional Exploration North America: accessing and testing many high- quality, high-value, liquids-rich plays Canol Added 700,000 net acres in North America since 2011 Horn River Material working interest in…
Future Growth from Conventional Deepwater Exploration North America: 6th largest deepwater Gulf of COP leases Mexico lease owner Lower Tertiary Play Shenandoah 1.5 MM net acres Currently participating in 2 wells: Coronado wildcat and…
Our Value Proposition Sector-leading distributions 3 5% production CAGR 3 5% margin CAGR Ongoing priority to improve returns Relentless focus on safety and execution Unique combination of growth, returns and yield 23
Appendix
Annualized Income Sensitivities Crude Brent/ANS: 85-95 MM change for 1/BBL change WTI: 20-25 MM change for 1/BBL change WCS: 20-25 MM change for 1/BBL change North American NGL Representative blend: 20-25 MM change for 1/BBL…
COP Non-GAAP Reconciliations Return on Capital Employed (ROCE) Millions except as indicated 2011 Upstream estimated ROCE earnings 9,174 E&P segment special items (1,047) Non-E&P segment ROCE earnings 255 E&P segment GAAP ROCE…
COP Non-GAAP Reconciliations ROCE Operating Segments 2011 Numerator (MM) Net Income (Loss) Attributable to ConocoPhillips 12,436 Adjustment to exclude special items (4,187) Exclude adjusted earnings for Corporate and Other 931 Net…
Shareholder Contacts Stock Ticker: NYSE: COP Headquarters: ConocoPhillips Company 600 N. Dairy Ashford Houston, Texas 77079 www.conocophillips.com/investor Investor Relations: +1.212.207.1996 Ellen DeSanctis…
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