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August 2016 Investor Update – ConocoPhillips

ConocoPhillips · Aug 4, 2016 · 13 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. August 2016 Investor Update – ConocoPhillips – slide 1
    Investor Update Last Updated: Aug. 4, 2016
  2. August 2016 Investor Update – ConocoPhillips – slide 2
    Maintaining Discipline Across Time Horizons Short Term Medium Term Longer Term Weaker Prices Price Recovery Cycles and Volatility Protect against protracted downturn Priority to strengthen balance sheet Achieve target debt level;…
  3. August 2016 Investor Update – ConocoPhillips – slide 3
    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…
  4. August 2016 Investor Update – ConocoPhillips – slide 4
    Exercising Flexibility Capital Adjusted Operating Costs1 Production2 11.6B 2.9B 1-3% PRODUCTION REDUCTION REDUCTION GROWTH 20 12 1,600 2016E vs. 2015 10 16 1,200 8 12 6 800 8 17.1B 9.7B 4 8.0B 10.1B 6.8B 400 4 2 5.5B 0…
  5. August 2016 Investor Update – ConocoPhillips – slide 5
    High-Quality Global Portfolio 26% Portfolio Attributes 32% Production 1,546 MBOED1 Diverse, low-decline base production 18% 12% 12% Large, low cost of supply resource base 22% 19% Reserves 8.2 BBOE2 17% Flexible,…
  6. August 2016 Investor Update – ConocoPhillips – slide 6
    Diversified Portfolio Provides a Unique Advantage Capital Canada Europe 10.1B 279 MBOED2 187 MBOED2 New projects Europe Surmont 2 on line, and drilling adding to low Alaska offset decline 5.5B decline base APME Canada Europe…
  7. August 2016 Investor Update – ConocoPhillips – slide 7
    Lower 48 and Canada Foster Creek Lower 48 Canada Executing 3-rig program in the unconventionals Continuing to ramp up production at Surmont 2 Continuing to realize drilling and completion efficiencies Achieved first production…
  8. August 2016 Investor Update – ConocoPhillips – slide 8
    Alaska and Europe & North Africa Alaska Production from major projects offsetting decline Strong production at CD5 and Drill Site 2S Completed sale of Beluga River in 2Q16 Europe & North Africa Continuing development drilling…
  9. August 2016 Investor Update – ConocoPhillips – slide 9
    Asia Pacific & Middle East and Other International Asia Pacific & Middle East Operating above expectations at APLNG Train 1; expect first cargo from Train 2 in 4Q16 Gumusut production exceeding expectations KBB production…
  10. August 2016 Investor Update – ConocoPhillips – slide 10
    Key Takeaways LOWERING ConocoPhillips well positioned for lower, more volatile prices BREAKEVEN PRICE Defined principles, priorities and targets for cash allocation 70% CAPITAL REDUCTION 2016E VS 2014 Goal to lower breakeven…
  11. August 2016 Investor Update – ConocoPhillips – slide 11
    Annualized Net Income Sensitivities Crude Brent/ANS : 100-120MM for 1/BBL change WTI: 30-40MM 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…
  12. August 2016 Investor Update – ConocoPhillips – slide 12
    2016 Outlook Guidance Full-year 2016 production guidance of 1,540-1,570 MBOED 2016 DD&A of 9.2B Adjusted Operating Costs of 6.8B Exploration Dry Hole and Leasehold Impairment Expense of 0.8B Corporate Segment Net Loss of 1B…
  13. August 2016 Investor Update – ConocoPhillips – slide 13
    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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