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3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips

ConocoPhillips · Oct 27, 2010 · 22 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. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 1
    3rd Quarter 2010 Conference Call October 27, 2010
  2. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 2
    Third-Quarter Third-Quarter Overview Overview Adjusted Earnings 1.50 adjusted EPS 2.2 B 1.72 MMBOED E&P production Cash From 93% Refining utilization* Operations 4.3 B 6 B Lukoil share sales 2.7 B debt reduction Cash Return…
  3. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 3
    Total Total Company Company Adjusted Adjusted Earnings Earnings 3Q10 3Q10 vs. vs. 3Q09 3Q09 MM 149 174 76 559 2,237 1,431 3Q09* Adjusted E&P R&M LUKOIL Other 3Q10 Adjusted Earnings Earnings * Recast to…
  4. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 4
    Total Total Company Company Cash Cash Flow Flow 3Q10 3Q10 MM 2,678 6,290 2,484 868 816 93 4,339 7,996 4,120 3Q10 CFO Proceeds Debt Capital Share Dividends Other 3Q10 Beginning from Decrease Program Repurchase Ending…
  5. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 5
    E&P E&P Production Production 3Q10 3Q10 vs. vs. 3Q09 3Q09 MBOED 3 14 27 36 1,791 1,717 3Q09 Market Factors Portfolio Changes Planned Operations 3Q10 Maintenance Page 6
  6. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 6
    E&P E&P Adjusted Adjusted Earnings Earnings 3Q10 3Q10 vs. vs. 3Q09 3Q09 MM 149 207 617 1,506 947 3Q09 Adjusted Prices & Other Sales Volumes Other 3Q10 Adjusted Earnings Market Impacts Earnings Adjusted 3Q10 vs.…
  7. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 7
    E&P E&P per per BOE BOE Metrics Metrics E&P Income per BOE E&P Cash Contribution per BOE / BOE / BOE 25 25 20 20 15 15 10 10 15.55 17.25 18.38 22.85 24.23 22.28 22.30 5 5 4.04 4.77 5.75 10.16 11.64 9.38 9.53 0 0 1Q09…
  8. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 8
    R&M R&M Adjusted Adjusted Earnings Earnings 3Q10 3Q10 vs. vs. 3Q09 3Q09 MM 114 100 18 268 22 94 3Q09 Adjusted Margins & Other Volumes Operating Other 3Q10 Adjusted Earnings Market Impacts Costs Earnings…
  9. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 9
    Other Other Segments Segments Adjusted Adjusted Earnings Earnings 3Q10 3Q10 vs. vs. 3Q09 3Q09 MM 3Q09 3Q10 512 436 104 132 62 77 (162) (286) Corporate Midstream Chemicals LUKOIL* * 2009 recast to reflect…
  10. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 10
    LUKOIL LUKOIL Investment Investment B 2.7 7.5 6.3 2.5 1.0 Cumulative Proceeds from Future Dividends & Original LUKOIL Expected Total Net Dividends through Share Sales Proceeds from Investment Cash Benefit 3Q10…
  11. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 11
    Capital Capital Structure Structure 100 40 50 80 40 70 30 29 29 27 66 26 33 63 63 31 31 60 24 30 28 56 25 20 40 20 10 20 10 0 0 0 '08 '09 Q1 Q2 Q3 '08 '09 Q1 Q2 Q3 '08 '09 Q1 Q2 Q3 '10 '10 '10 '10 '10 '10 '10 '10…
  12. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 12
    Shareholder Shareholder Distributions Distributions 8 Share Repurchase 7 Dividend 6 per share 5 4 3 2 1 0 2006 2007 2008 2009 2010E* 2011E* Dividend 1.44/sh 1.64/sh 1.88/sh 1.91/sh 2.15/sh 2.20/sh Share 0.9 B…
  13. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 13
    ROCE/CROCE ROCE/CROCE Return on Capital Employed Cash Return on Capital Employed 25% 25% 20% 20% 15% 15% 10% 10% 15% 16% 18% 19% 21% 22% 20% 5% 5% 5% 6% 7% 9% 11% 12% 10% 0% 0% 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 1Q09 2Q09…
  14. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 14
    Outlook Outlook Operations Projects and exploration Asset dispositions Share repurchase Page 15
  15. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 15
    Appendix
  16. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 16
    3Q10 3Q10 vs. vs. 2Q10 2Q10 Total Company Adjusted Earnings (MM) E&P Adjusted Earnings (MM) 454 297 37 8 20 88 52 17 2,451 2,237 1,479 1,506 2Q10 Adjusted Prices & Other Sales Volumes Operating Costs Other 3Q10…
  17. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 17
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations 2010 2009 Millions of dollars, except per share amounts 1Q 2Q 3Q 1Q 2Q 3Q Consolidated Earnings 2,098 4,164 3,055 800 859 1,470 Less: Impairments - 1,118 - - 123 33 Canc…
  18. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 18
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations 2010 2009 Millions of dollars 1Q 2Q 3Q 1Q 2Q 3Q Midstream Earnings 77 61 77 123 31 62 Less: Gain on share issuance by equity affiliate - - - (88) - - Adjusted earnings 77…
  19. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 19
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations 1Q09 2Q 09 3Q09 4Q09 1Q10 2Q10 3Q10 GAAP E&P Net Income* - MM 700 725 978 1,201 1,832 4,114 1,564 GAAP E&P Net Income* - / BOE 4.04 4.25 5.93 7.14 11.14 26.09 9.90 non-core…
  20. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 20
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations CROCE 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Numerator EBIDA (a) 3,247 3,396 4,032 3,948 4,626 6,690 5,487 non-core earnings impacts 63 (160) (1) (518) (110) 1,713 818 adjusted…
  21. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 21
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations R&M Segment YTD 09 YTD 10 Production and operating expenses 2,958 2,937 Selling, general and administrative expenses 805 783 Controllable Costs 3,763 3,720 Adjustments Market…
  22. 3RD QUARTER 2010 CONFERENCE CALL – ConocoPhillips – slide 22
    COP COP Non-GAAP Non-GAAP Reconciliations Reconciliations LUKOIL Adjusted EPS Impact 2007 2008 2009 3Q10 Numerator (a) COP adjusted earnings 14,554 17,131 5,030 2,237 LUKOIL segment adjusted earnings 1,385 2,658 1,219 436 COP…

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