C o m p a ny O ve r v i e w Updated Nov. 19, 2014.
Our Value Proposition is Unchanged 3 5% production growth rate 3 5% margin growth rate Competitive dividend Ongoing priority to improve financial returns Relentless focus on safety and execution Production and cash margin…
Unmatched Position Today 1,473 MBOED Production1 3Q14 North Liquids Diversified asset base with scope and scale American 25% Gas Multiple sources of growth LNG + 57% International 18% Massive positions in key resource trends Gas…
Flexible and Resilient to Lower Prices Foster Creek Performance on track for 3 to 5 percent volume and margin growth Production momentum from recent investments Continued focus on margins and returns Exploration & Exploration &…
Capital Allocation Drives Profitable Growth Production1 Average Capital 2.0 100% 1.8 90% North American 1.6 Highest 80% Margin Unconventional 45% of Capital 1.4 70% 1.2 LNG MMBOED 60% Oil Sands 1.0 50%…
Committed to Shareholder Returns Dividend Yield Attractive dividend is appropriate and remains key to our value proposition Highest priority use of cash 3.9% Enhances capital discipline Predictable portion of shareholder…
The Power of Portfolio: Margins, Decline Rates and Returns Low Margins High Margins Highest Margins North American Short-cycle cash flow Unconventionals High Avoid over capitalizing Increases capital intensity of portfolio…
North American Unconventionals: Unmatched Portfolio and Capabilities Montney Duvernay Great positions in proven and emerging plays Eagle Ford and Bakken sweet spots Bakken Exceptional growth in high-margin resource base Niobrara…
Eagle Ford: Significant Resource Increase 220 M net acres; acreage capture complete 96% average operated working interest 1.8 BBOE to 2.5 BBOE net EUR increase 3,000 identified drilling locations Outlook based on 12-rig program…
Eagle Ford: Premium Value from Best Wells in the Play 250 Highest Oil Rates per Well1 60 Industry-Leading Value2 50 200 Gross Operated Production (BPD) 40 NPV10 per Acre (M) 150 30 100 20 50 10 0 0…
Bakken: High-Margin Growth 620 M net acres; mostly HBP or mineral fee 45% average operated working interest 600 MMBOE net EUR 1,800 identified gross drilling locations Outlook based on average 10-rig program 20-25/BOE full-cycle…
Bakken: Advantaged Position in the Heart of the Trend Montana North Dakota Bakken Acreage Values by Area (NPV10 per Acre)1 VALLEY ROOSEVELT WILLIAMS MOUNTRAIL Nesson Anticline Anticline Parshall-Sanish Fort Berthold Williams Core…
Permian Unconventional: Early Appraisal Results Encouraging New Mexico Texas Positions in Delaware and Midland basins Central Delaware Platform Midland Basin Thick column of both shale and tight rock intervals Basin Basin Four…
LNG: Positioned in High-Margin Markets AKLNG Oil-linked contracts; robust cash flows Kenai Darwin and Qatar: High-liquids yield; premium markets Kenai: Completed six cargoes in 2014 Qatar Darwin LNG AKLNG: Pre-file request…
Oil Sands: Significant Growth from World Class SAGD Portfolio Saleski Fort McMurray Second largest net SAGD producer Surmont Thornbury Narrows Top quartile steam-to-oil ratio Lake Crow Lake Christina Lake Executing 7 major…
International Oil & Gas: Major Projects Driving Growth Norway U.K. Strong legacy positions 130 MBOED major projects growth expected by 2017 Libya 2013: Ekofisk South and Jasmine started on schedule China 2014: Major project…
North American Conventional Oil: Protecting and Growing the Base Development drilling and major projects in Alaska ALASKA Infill drilling and waterflood expansion in the Permian Drilling and expanded waterflood recovery at Ursa…
North American Gas: Low-Cost Option on Significant Resource Base Capital program focused on liquids-rich gas 1.10/MCF lifting cost 6.5 BBOE total resource 15,000 identified well locations 1.5 billion annual cash from operations at…
2014: Testing Global Portfolio Norway Greenland Barents Chukchi NPR-A Canol Montney, UK & Norway Duvernay Poland Baltic Basin Nova Scotia Azerbaijan China Bohai Niobrara China Delaware & Sichuan Midland Gulf of Mexico…
Appraising Gulf of Mexico Discoveries TEXAS LOUISIANA Tiber 18% working interest Lower Tertiary oil discovery in 2009 Multiple reservoir intervals Appraisal commenced in 2013; continues in 2014 Gila Tiber Shenandoah…
Senegal: Deepwater Exploration Rufisque 35% working interest AFRICA SENEGAL FAN-1 discovered oil Additional appraisal required to determine Sangomar commerciality The Gambia Atlantic Ocean Sangomar Deep Cretaceous pinch-out…
Key Messages Value proposition unchanged Performance on track to deliver 3 to 5 percent volume and margin growth Well positioned for current environment; significant capital flexibility Strong momentum going into 2015 Dividend…
Appendix 24
Annualized Net Income Sensitivities Crude Brent/ANS: 80-90MM change for 1/BBL change WTI: 35-40MM change for 1/BBL change WCS: 30-40MM change for 1/BBL change North American NGL Representative blend: 10-15MM change for 1/BBL…
Meeting Our Growth Targets 4% PRODUCTION Full-Year Guidance on GROWTH1 Track Actual Actual 3Q14 vs. 4Q14 Drivers Actual Major turnarounds completed in 3Q14 Major project ramp Value-driven ethane rejection 1Q14 2Q14…
Margin Class Categorization North American International North American North American Unconventionals LNG Oil Sands Oil & Gas Conventional Oil Gas Bakken AKLNG Christina Lake China Alaska North Slope Lobo Barnett APLNG Foster Creek…
Investor Information Stock Ticker Investor Relations Contacts: NYSE: COP Telephone: +1 212.207.1996 Website: www.conocophillips.com/investor Ellen DeSanctis: ellen.r.desanctisconocophillips.com Sidney J. Bassett:…
Loading...
