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Q2 2016 Conference Call – ConocoPhillips

ConocoPhillips · Jul 28, 2016 · 16 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. Q2 2016 Conference Call – ConocoPhillips – slide 1
    2Q16 Conference Call July 28, 2016
  2. Q2 2016 Conference Call – ConocoPhillips – slide 2
    Ryan Lance Chairman & CEO
  3. Q2 2016 Conference Call – ConocoPhillips – slide 3
    2Q16 Summary Operational Financial Strategic 3% production growth v. 2Q151 1.0B adjusted loss; Progressed exit from 0.79 adjusted EPS loss deepwater exploration Turnaround activity continues; Surmont back to pre-fire rates 1.2B…
  4. Q2 2016 Conference Call – ConocoPhillips – slide 4
    Creating Value Through Cycles Financial Priorities Value Proposition Principles Cash Allocation Priorities & Targets Strong Balance 1st Existing dividend and capital to Growing Dividend Sheet maintain production base Reduce debt…
  5. Q2 2016 Conference Call – ConocoPhillips – slide 5
    Don Wallette, Jr. EVP, Finance, Commercial and CFO
  6. Q2 2016 Conference Call – ConocoPhillips – slide 6
    2Q16 Performance Adjusted Earnings Highlights Strong operational performance; 2Q16 production increased 3% vs. 2Q15 Adjusted Year-over-year earnings negatively impacted by decrease in realizations; sequential earnings benefited…
  7. Q2 2016 Conference Call – ConocoPhillips – slide 7
    2Q16 Production 46 72 23 Liquids 16 Liquids 31 N.A. Gas 56 APLNG Gas 48 Total 72 Other Gas (33) 1,595 1,523 Total 46 1,546 2Q15 Dispositions 2Q15 Adjusted for Downtime Net Increase 2Q16 Dispositions All volumes in…
  8. Q2 2016 Conference Call – ConocoPhillips – slide 8
    1H16 Performance Company Cash Flow 1H16 Marker Prices B Brent 39.73/BBL WTI 39.38/BBL Henry Hub 2.02/MMBTU 3.8 2Q16 Debt of 28.7B Debt-to-capital ratio of 43% 1.9 0.4 3.0 0.6 0.1 0.6 4.2 2.4 2016 Beginning CFO Excluding…
  9. Q2 2016 Conference Call – ConocoPhillips – slide 9
    Al Hirshberg EVP, Production, Drilling and Projects
  10. Q2 2016 Conference Call – ConocoPhillips – slide 10
    Lower 48 and Canada Lower 48 2Q16 production of 503 MBOED vs. 520 MBOED in 2Q151 Unconventional production of 262 MBOED vs. 272 MBOED in 2Q15 Continuing to run 3 operated rigs Successful results from Shenandoah appraisal well…
  11. Q2 2016 Conference Call – ConocoPhillips – slide 11
    Alaska and Europe & North Africa Alaska 2Q16 production of 179 MBOED vs. 173 MBOED in 2Q151 Strong production from CD5 and Drill Site 2S; additional phase approved at CD5 Planned 3Q16 turnaround activity underway Completed sale of…
  12. Q2 2016 Conference Call – ConocoPhillips – slide 12
    Asia Pacific & Middle East and Other International Asia Pacific & Middle East 2Q16 production of 398 MBOED vs. 349 MBOED in 2Q15 Operating above expectations at APLNG Train 1; expect first cargo from Train 2 in 4Q16 Gumusut…
  13. Q2 2016 Conference Call – ConocoPhillips – slide 13
    2H16 Operations Outlook Expect 2016 full-year production of 1,540 to 1,570 MBOED 5.5B 3Q16 production guidance: 1,510 to 1,550 MBOED 2016 CAPITAL GUIDANCE Continue major planned turnaround activity through 3Q16 6.8B 2016 ADJUSTED…
  14. Q2 2016 Conference Call – ConocoPhillips – slide 14
    Q&A
  15. Q2 2016 Conference Call – ConocoPhillips – slide 15
    Appendix
  16. Q2 2016 Conference Call – ConocoPhillips – slide 16
    2016 Outlook Guidance 2016 DD&A of 9.2B Reflects increased volumes and impacts from price-related reserve revisions Adjusted Operating Costs of 6.8B Exploration Dry Hole and Leasehold Impairment Expense of 0.8B Corporate…

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