Annual Meeting of Stockholders M AY 1 5 , 2 0 1 8 1
RYAN LANCE Chairman & CEO 3
Agenda 1 Value Proposition to Stockholders 2 2017 Review 3 2018 Business Plan 4 Closing Remarks 4
Creating Value Through Discipline and a Focus on Returns Value Proposition Our Unique Principles Disciplined Priorities Characteristics Invest capital to sustain 1st production and pay existing Low Diverse, Financial PRIORITY…
ConocoPhillips is Advantaged Across Price Cycles Capital Allocation Priorities Low capital intensity…
Relentless Focus on Execution Excellence 2017 Operations 2017 HSE Improved serious incident and process safety Delivered Our Plan, And More performance Grew production 3% Focus on process safety and human performance Lower capital,…
2017 was a Transformational Year Strengthened Accelerated Differentiated Continued ESG Portfolio Returns Strategy Leadership Lowered sustaining Portfolio reset; 16B CFO capital by 2.5B; Record safety capital to 3.5B dispositions…
The Market Has Taken Note of Our Accomplishments Total Shareholder Return Since Launching Our New Strategy 23% S&P 500 16% 0% 0% S&P 500 S&P 500 -2% ENERGY INTEGRATED OIL S&P 500 -5% & GAS E&P XOP ETF Source: Thomson…
World-Class Diverse, Global Portfolio is a Key Differentiator Largest Independent E&P Alaska 1.2 MMBOED1 Norway Canada U.K. U.S. Lower 48 Libya China World Class Resource Qatar 15 BBOE Brunei…
2018: Sticking to the Plan & Keeping Our Discipline Portfolio Strengthening through focused acquisitions and dispositions Free cash flow Focus on free cash flow1 generation; strong price upside Balance sheet On pace to reduce…
ESG Performance Remains a Top Priority Sustainable Development Governance Public Policy Committee (Board) History of engagement on ESG issues with stakeholders Governance begins with the Board and extends to Executive Leadership…
Positioned for Differential Value Creation Smart Growth Focused on disciplined CFO growth per debt-adjusted share Enabled by low sustaining price and low cost of supply World-class portfolio; 15 BBOE of resource Superior Returns…