Market Environment: The World Has Changed Brent Price /BBL Macro Environment 70 Continued deterioration in near-term price outlook 60 Supply/demand imbalance expected to last longer 2015 Average Price 50 Greater concern about…
Exercising Further Flexibility, Maintaining Flat Production Capital Production Operating Costs 3.7B REDUCTION 2015 LEVELS 1B REDUCTION 12 1,600 8 1,500 1,400 8 1,300 7 8.0B 7.7B 10.1B 1,200 7.7B 7.0B 6.4B 1,100 4 1,000…
Setting a Sustainable Dividend for the Cycles Dividend level results in competitive yield Prior Breakeven Price 60/bbl Preserves balance sheet strength Prior New Breakeven Price Dividend Provides financial flexibility through…
Balance Sheet Strength Maintained Industry-wide credit downgrades occurring Rating Agency Debt capacity within a given rating level shrinking across the industry Review Dividend reduction mitigates balance sheet usage 8 billion…
ConocoPhillips Value Creation Tenets Portfolio Characteristics FinancialFundamentals Priorities Diverse, low-decline base Shareholder production DISTRIBUTIONS Large, low cost of supply resource base Strong DISCIPLINED BALANCE…
Appendix
Annualized Net Income Sensitivities Crude Brent/ANS: 100-120MM for 1/BBL change WTI: 35-45MM for 1/BBL change WCS: 35-45MM for 1/BBL change North American NGL Representative blend: 5-10MM for 1/BBL change Natural Gas Henry…
2016 Outlook Guidance 2016 DD&A of 8.5B Reflects reduction in consolidated volumes Operating Costs of 7.0B Production and SG&A expense of 6.4B Exploration G&A and G&G of 0.6B Exploration Dry Hole and Impairment Expense of…
Investor Information Stock Ticker Investor Relations Contacts: NYSE: COP Telephone: +1 281.293.5000 Website: www.conocophillips.com/investor Ellen DeSanctis: ellen.r.desanctisconocophillips.com Sidney J. Bassett:…
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