ConocoPhillips (COP) 8-K Results of Operations and Financial Condition

Exhibit 99.2

	Second Quarter 2013 Detailed Supplemental Information
	2012										2013
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
$ Millions, Except as Indicated
CONSOLIDATED INCOME STATEMENT
Revenues and Other Income
Sales and other operating revenues	14,593		13,664		14,141		15,569		57,967		14,166		13,350				27,516
Equity in earnings of affiliates	490		529		412		480		1,911		362		494				856
Gain on dispositions	940		583		118		16		1,657		58		95				153
Other income	60		66		42		301		469		65		203				268
Total Revenues and Other Income	16,083		14,842		14,713		16,366		62,004		14,651		14,142				28,793
Costs and Expenses
Purchased commodities	6,078		5,721		6,357		7,076		25,232		5,834		5,521				11,355
Production and operating expenses	1,559		1,802		1,637		1,795		6,793		1,687		1,672				3,359
Selling, general and administrative expenses	326		235		329		216		1,106		165		193				358
Exploration expenses	675		265		215		345		1,500		277		321				598
Depreciation, depletion and amortization	1,571		1,580		1,650		1,779		6,580		1,807		1,832				3,639
Impairments	214		82		-		384		680		2		28				30
Taxes other than income taxes	1,095		900		673		878		3,546		892		642				1,534
Accretion on discounted liabilities	105		103		100		86		394		106		105				211
Interest and debt expense	190		197		161		161		709		130		139				269
Foreign currency transaction (gains) losses	5		12		-		24		41		(36	)	(7	)			(43	)
Total Costs and Expenses	11,818		10,897		11,122		12,744		46,581		10,864		10,446				21,310
Income from continuing operations before income taxes	4,265		3,945		3,591		3,622		15,423		3,787		3,696				7,483
Provision for income taxes	2,086		2,225		1,851		1,780		7,942		1,763		1,630				3,393
Income from continuing operations	2,179		1,720		1,740		1,842		7,481		2,024		2,066				4,090
Income from discontinued operations	776		569		73		(401	)	1,017		129		(3	)			126
Net Income	2,955		2,289		1,813		1,441		8,498		2,153		2,063				4,216
Less: net income attributable to noncontrolling interests	(18	)	(22	)	(15	)	(15	)	(70	)	(14	)	(13	)			(27	)
Net Income Attributable to ConocoPhillips	2,937		2,267		1,798		1,426		8,428		2,139		2,050				4,189
Net Income Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic
Continuing operations	1.69		1.36		1.41		1.49		5.95		1.64		1.66				3.30
Discontinued operations	0.60		0.46		0.06		(0.33	)	0.82		0.10		-				0.10
Net Income Attributable to ConocoPhillips
Per Share of Common Stock	2.29		1.82		1.47		1.16		6.77		1.74		1.66				3.40
Diluted
Continuing operations	1.67		1.35		1.40		1.48		5.91		1.63		1.65				3.28
Discontinued operations	0.60		0.45		0.06		(0.32	)	0.81		0.10		-				0.10
Net Income Attributable to ConocoPhillips
Per Share of Common Stock	2.27		1.80		1.46		1.16		6.72		1.73		1.65				3.38
Average Common Shares Outstanding (in thousands)
Basic	1,283,493		1,248,300		1,220,462		1,223,422		1,243,799		1,229,232		1,229,773				1,229,504
Diluted	1,293,104		1,258,189		1,229,343		1,231,395		1,253,093		1,235,907		1,237,157				1,237,432
INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES
Alaska	983		856		820		882		3,541		842		1,060				1,902
Lower 48 and Latin America	426		207		250		279		1,162		260		352				612
Canada	(725	)	(134	)	(39	)	(38	)	(936	)	(117	)	10				(107	)
Europe	1,464		1,896		962		1,188		5,510		1,191		625				1,816
Asia Pacific and Middle East	2,204		1,090		1,105		1,175		5,574		1,393		1,416				2,809
Other International	282		409		798		356		1,845		401		381				782
Corporate and Other	(369	)	(379	)	(305	)	(220	)	(1,273	)	(183	)	(148	)			(331	)
Consolidated	4,265		3,945		3,591		3,622		15,423		3,787		3,696				7,483
EFFECTIVE INCOME TAX RATES FOR
CONTINUING OPERATIONS
Alaska*	36.9	%	35.7	%	34.8	%	35.4	%	35.8	%	35.5	%	35.7	%			35.6	%
Lower 48 and Latin America	40.2	%	42.6	%	26.9	%	-69.6	%	11.4	%	49.1	%	29.6	%			37.9	%
Canada	24.3	%	29.8	%	19.2	%	73.2	%	26.9	%	213.7	%	52.2	%			229.0	%
Europe	73.4	%	64.7	%	86.3	%	74.0	%	72.8	%	63.8	%	58.3	%			61.9	%
Asia Pacific and Middle East	20.4	%	27.1	%	38.1	%	35.0	%	28.3	%	33.1	%	27.2	%			30.1	%
Other International	92.6	%	114.0	%	38.3	%	127.2	%	80.5	%	96.5	%	96.2	%			96.4	%
Corporate and Other	15.8	%	31.1	%	16.7	%	23.9	%	22.0	%	11.7	%	-16.8	%			-1.0	%
Consolidated	48.9	%	56.4	%	51.5	%	49.1	%	51.5	%	46.6	%	44.1	%			45.3	%
*Alaska including taxes other than income taxes	66.0	%	63.9	%	56.7	%	61.7	%	62.5	%	61.6	%	52.9	%			57.2	%

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	2012										2013
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska	620		551		535		570		2,276		543		682				1,225
Lower 48 and Latin America*	255		119		182		473		1,029		133		247				380
Canada	(549	)	(94	)	(31	)	(10	)	(684	)	133		5				138
Europe	389		669		132		308		1,498		431		261				692
Asia Pacific and Middle East	1,738		772		669		749		3,928		918		1,017				1,935
Other International	21		(57	)	492		(97	)	359		14		14				28
Corporate and Other	(311	)	(262	)	(254	)	(166	)	(993	)	(162	)	(173	)			(335	)
Discontinued Operations - Phillips 66	712		534		1		(15	)	1,232		-		-				-
Discontinued Operations - Other	62		35		72		(386	)	(217	)	129		(3	)			126
Consolidated	2,937		2,267		1,798		1,426		8,428		2,139		2,050				4,189
*Lower 48 only:	234		104		145		262		745		105		233				338
SPECIAL ITEMS (AFTER-TAX)
Alaska	-		-		-		(25	)	(25	)	-		97				97
Lower 48 and Latin America*	-		-		-		316		316		(60	)	69				9
Canada	(520	)	-		-		(42	)	(562	)	224		-				224
Europe	-		255		(167	)	(80	)	8		83		-				83
Asia Pacific and Middle East	937		(17	)	(133	)	-		787		-		146				146
Other International	-		-		443		(108	)	335		-		-				-
Corporate and Other	(33	)	(40	)	(118	)	11		(180	)	11		(9	)			2
Discontinued Operations - Phillips 66	712		534		1		(15	)	1,232		-		-				-
Discontinued Operations - Other	62		35		72		(386	)	(217	)	129		(3	)			126
Consolidated	1,158		767		98		(329	)	1,694		387		300				687
*Lower 48 only:	-		-		-		115		115		(60	)	69				9
ADJUSTED EARNINGS
Alaska	620		551		535		595		2,301		543		585				1,128
Lower 48 and Latin America*	255		119		182		157		713		193		178				371
Canada	(29	)	(94	)	(31	)	32		(122	)	(91	)	5				(86	)
Europe	389		414		299		388		1,490		348		261				609
Asia Pacific and Middle East	801		789		802		749		3,141		918		871				1,789
Other International	21		(57	)	49		11		24		14		14				28
Corporate and Other	(278	)	(222	)	(136	)	(177	)	(813	)	(173	)	(164	)			(337	)
Consolidated	1,779		1,500		1,700		1,755		6,734		1,752		1,750				3,502
*Lower 48 only:	234		104		145		147		630		165		164				329
ADJUSTED EFFECTIVE INCOME TAX RATES FOR
CONTINUING OPERATIONS
Alaska	36.9	%	35.7	%	34.8	%	35.5	%	35.8	%	35.5	%	35.6	%			35.5	%
Lower 48 and Latin America	40.2	%	42.6	%	26.9	%	42.1	%	38.2	%	40.2	%	35.5	%			38.0	%
Canada	7.2	%	29.8	%	19.2	%	-81.8	%	34.3	%	22.2	%	52.2	%			19.3	%
Europe	73.4	%	70.2	%	69.0	%	71.2	%	71.1	%	68.4	%	58.3	%			64.8	%
Asia Pacific and Middle East	36.8	%	30.6	%	35.2	%	36.2	%	34.8	%	34.1	%	31.2	%			32.7	%
Other International	92.6	%	114.0	%	91.7	%	97.4	%	98.6	%	96.5	%	96.2	%			96.4	%
Corporate and Other	17.8	%	33.4	%	4.8	%	24.0	%	22.4	%	11.0	%	-19.6	%			-1.6	%
Consolidated	56.1	%	57.5	%	53.8	%	55.5	%	55.7	%	53.3	%	47.4	%			50.5	%

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	2012										2013
$ Millions	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
DETAILED SPECIAL ITEMS (AFTER-TAX)
Alaska
Pending claims and settlements	-		-		-		(25	)	(25	)	-		97				97
Total	-		-		-		(25	)	(25	)	-		97				97
Lower 48 and Latin America
Gain (loss) on asset sales	-		-		-		-		-		(39	)	47				8
Impairments	-		-		-		(121	)	(121	)	-		-				-
Tax loss carryforward realization	-		-		-		236		236		(21	)	22				1
Pending claims and settlements	-		-		-		201		201		-		-				-
Total	-		-		-		316		316		(60	)	69				9
Canada
Gain (loss) on asset sales	-		-		-		-		-		224		-				224
Impairments	(520	)	-		-		(42	)	(562	)	-		-				-
Total	(520	)	-		-		(42	)	(562	)	224		-				224
Europe
International tax law changes	-		-		(167	)	-		(167	)	-		-				-
Gain (loss) on asset sales	-		285		-		-		285		83		-				83
Impairments	-		(30	)	-		(80	)	(110	)	-		-				-
Total	-		255		(167	)	(80	)	8		83		-				83
Asia Pacific and Middle East
Gain (loss) on asset sales	937		-		(133	)	-		804		-		-				-
Bohai Bay incidents	-		(89	)	-		-		(89	)	-		-				-
Deferred tax adjustment	-		72		-		-		72		-		-				-
Pending claims and settlements	-		-		-		-		-		-		146				146
Total	937		(17	)	(133	)	-		787		-		146				146
Other International
Gain (loss) on asset sales	-		-		443		-		443		-		-				-
Impairments	-		-		-		(108	)	(108	)	-		-				-
Total	-		-		443		(108	)	335		-		-				-
Corporate and Other
Gain (loss) on asset sales	-		-		-		-		-		11		-				11
Separation costs	(33	)	(40	)	(7	)	(4	)	(84	)	-		-				-
Pension settlement expense	-		-		(82	)	(5	)	(87	)	-		-				-
Premium on early debt retirement	-		-		(68	)	-		(68	)	-		-				-
Pending claims and settlements	-		-		39		20		59		-		(9	)			(9	)
Total	(33	)	(40	)	(118	)	11		(180	)	11		(9	)			2
Discontinued Operations - Phillips 66	712		534		1		(15	)	1,232		-		-				-
Discontinued Operations - Other	62		35		72		(386	)	(217	)	129		(3	)			126
Total Company	1,158		767		98		(329	)	1,694		387		300				687
*Lower 48 only:	-		-		-		115		115		(60	)	69				9

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	2012										2013
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
$ Millions
CASH FLOW INFORMATION
Cash Flows from Operating Activities
Net income	2,955		2,289		1,813		1,441		8,498		2,153		2,063				4,216
Depreciation, depletion and amortization	1,571		1,580		1,650		1,779		6,580		1,807		1,832				3,639
Impairments	214		82		-		384		680		2		28				30
Dry hole costs and leasehold impairments	518		116		69		171		874		36		176				212
Accretion on discounted liabilities	105		103		100		86		394		106		105				211
Deferred taxes	131		284		396		586		1,397		241		443				684
Undistributed equity earnings	(77	)	(179	)	(153	)	(187	)	(596	)	(29	)	(199	)			(228	)
Gain on dispositions	(940	)	(583	)	(118	)	(16	)	(1,657	)	(58	)	(95	)			(153	)
Income from discontinued operations	(776	)	(569	)	(73	)	401		(1,017	)	(129	)	3				(126	)
Other	173		(279	)	53		(403	)	(456	)	(503	)	17				(486	)
Net working capital changes	196		(766	)	(297	)	(372	)	(1,239	)	982		(684	)			298
Net cash provided by continuing operations	4,070		2,078		3,440		3,870		13,458		4,608		3,689				8,297
Net cash provided by (used in) discontinued operations	112		272		80		-		464		122		52				174
Net Cash Provided by Operating Activities	4,182		2,350		3,520		3,870		13,922		4,730		3,741				8,471
Cash Flows from Investing Activities
Capital expenditures and investments	(3,818	)	(3,623	)	(3,279	)	(3,452	)	(14,172	)	(3,391	)	(3,705	)			(7,096	)
Proceeds from asset dispositions	1,102		464		522		44		2,132		1,134		542				1,676
Net sales (purchases) of short-term investments	92		505		-		-		597		(23	)	(51	)			(74	)
Long-term collections from related parties
and other investments	45		23		207		660		935		36		(11	)			25
Net cash used in continuing operations	(2,579	)	(2,631	)	(2,550	)	(2,748	)	(10,508	)	(2,244	)	(3,225	)			(5,469	)
Net cash provided by (used in) discontinued operations	(431	)	(284	)	(223	)	(181	)	(1,119	)	(189	)	(190	)			(379	)
Net Cash Provided by (Used in) Investing Activities	(3,010	)	(2,915	)	(2,773	)	(2,929	)	(11,627	)	(2,433	)	(3,415	)			(5,848	)
Cash Flows from Financing Activities
Net issuance (repayment) of debt	(47	)	831		(1,967	)	614		(569	)	(48	)	(850	)			(898	)
Special cash distribution from Phillips 66	-		7,818		-		-		7,818		-		-				-
Change in restricted cash	-		(5,000	)	2,532		1,720		(748	)	748		-				748
Issuance of company common stock	36		9		38		55		138		(10	)	5				(5	)
Repurchase of company common stock	(1,899	)	(3,050	)	(149	)	-		(5,098	)	-		-				-
Dividends paid	(843	)	(818	)	(808	)	(809	)	(3,278	)	(815	)	(814	)			(1,629	)
Other	(199	)	(170	)	(178	)	(178	)	(725	)	(205	)	(186	)			(391	)
Net cash used in continuing operations	(2,952	)	(380	)	(532	)	1,402		(2,462	)	(330	)	(1,845	)			(2,175	)
Net cash used in discontinued operations	(318	)	(1,701	)	-		-		(2,019	)	-		-				-
Net Cash Used in Financing Activities	(3,270	)	(2,081	)	(532	)	1,402		(4,481	)	(330	)	(1,845	)			(2,175	)
Effect of Exchange Rate Changes	25		(17	)	9		7		24		(163	)	6				(157	)
Net Change in Cash and Cash Equivalents	(2,073	)	(2,663	)	224		2,350		(2,162	)	1,804		(1,513	)			291
Cash and cash equivalents at beginning of period	5,780		3,707		1,044		1,268		5,780		3,618		5,422				3,618
Cash and Cash Equivalents at End of Period	3,707		1,044		1,268		3,618		3,618		5,422		3,909				3,909
CAPITAL PROGRAM
Capital expenditures and investments
Alaska	186		202		208		232		828		262		283				545
Lower 48 and Latin America	1,267		1,288		1,339		1,357		5,251		1,280		1,377				2,657
Canada	629		428		493		634		2,184		675		422				1,097
Europe	622		735		738		765		2,860		791		765				1,556
Asia Pacific and Middle East	699		886		468		377		2,430		337		827				1,164
Other International	354		34		11		16		415		19		4				23
Corporate and Other	61		50		22		71		204		27		27				54
Total capital expenditures and investments	3,818		3,623		3,279		3,452		14,172		3,391		3,705				7,096
Joint venture acquisition obligation (principal) - Canada	180		181		185		187		733		189		192				381
Total Capital Program	3,998		3,804		3,464		3,639		14,905		3,580		3,897				7,477
Capital Program for Algeria, Nigeria and Kashagan:	220		190		225		182		817		189		190				379

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	2012						2013
	1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS
Production
Total (MBOED)
Continuing operations, including equity affiliates	1,581		1,489	1,470	1,566	1,527	1,555		1,510			1,531
Discontinued operations (Algeria and Nigeria)	56		53	55	41	51	41		42			42
Total, including equity affiliates	1,637		1,542	1,525	1,607	1,578	1,596		1,552			1,573
Crude Oil (MBD)
Consolidated operations	590		554	528	598	567	606		565			585
Equity affiliates	34		31	25	21	28	20		20			20
Total continuing operations	624		585	553	619	595	626		585			605
Discontinued operations (Algeria and Nigeria)	26		23	25	17	23	20		18			19
Total	650		608	578	636	618	646		603			624
Over (under) lifting of crude oil (MBD)*	(11	)	29	32	25	19	(9	)	4			(3	)
*Includes continuing and discontinued operations.
NGL (MBD)
Consolidated operations	155		143	144	152	148	151		150			151
Equity affiliates	8		7	7	8	8	8		8			8
Total continuing operations	163		150	151	160	156	159		158			159
Discontinued operations (Nigeria)	3		4	4	3	4	3		3			3
Total	166		154	155	163	160	162		161			162
Bitumen (MBD)
Consolidated operations	11		11	12	12	12	13		12			12
Equity affiliates	73		77	80	94	81	96		88			92
Total	84		88	92	106	93	109		100			104
Natural Gas (MMCFD)
Consolidated operations	3,756		3,509	3,588	3,592	3,611	3,479		3,505			3,492
Equity affiliates	505		491	449	497	485	483		493			488
Total continuing operations	4,261		4,000	4,037	4,089	4,096	3,962		3,998			3,980
Discontinued operations (Nigeria)	161		153	162	120	149	110		128			119
Total	4,422		4,153	4,199	4,209	4,245	4,072		4,126			4,099
Industry Prices (Platt's)
Crude Oil ($/BBL)
WTI	102.99		93.44	92.11	88.09	94.16	94.29		94.12			94.21
WCS*	78.50		79.73	68.47	71.22	74.48	61.51		74.97			68.24
Brent dated	118.49		108.19	109.61	110.02	111.58	112.55		102.44			107.50
JCC	111.43		116.70	121.99	105.85	113.99	114.19		113.07			113.63
Natural Gas ($/MMBTU)
Henry Hub first of month	2.72		2.21	2.80	3.41	2.79	3.34		4.10			3.72
*Quoted WCS price reflects a one-month lag.
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations	111.91		105.77	102.79	103.16	105.86	106.17		100.31			103.28
Equity affiliates	111.37		99.28	96.57	100.90	102.80	100.27		93.41			96.83
Total continuing operations	111.88		105.43	102.54	103.08	105.72	105.97		100.07			103.06
Discontinued operations (Algeria and Nigeria)	122.73		108.92	106.97	112.15	112.90	112.62		103.45			109.13
Total	112.33		105.56	102.72	103.33	105.98	106.20		100.14			103.23
NGL ($/BBL)
Consolidated operations	53.26		42.77	40.02	42.38	44.62	40.87		36.21			38.56
Equity affiliates	88.24		70.28	62.18	86.97	77.30	77.32		64.63			71.08
Total continuing operations	55.03		44.36	41.08	44.93	46.36	42.95		37.80			40.39
Discontinued operations (Nigeria)	11.97		15.34	14.26	11.06	13.30	12.30		13.13			12.76
Total	54.11		43.55	40.39	44.15	45.55	42.41		37.24			39.84
Bitumen ($/BBL)
Consolidated operations	64.95		54.75	56.23	55.29	57.58	36.78		59.67			48.55
Equity affiliates	60.04		50.85	56.95	47.43	53.39	39.52		55.13			46.85
Total	60.66		51.38	56.86	48.32	53.91	39.23		55.69			47.04
Natural Gas ($/MCF)
Consolidated operations	5.20		4.72	4.86	5.50	5.07	5.32		5.41			5.37
Equity affiliates	8.62		8.98	8.66	7.90	8.54	9.36		8.84			9.10
Total continuing operations	5.61		5.25	5.28	5.79	5.48	5.84		5.86			5.85
Discontinued operations (Nigeria)	2.53		2.51	2.84	2.32	2.57	2.54		2.98			2.78
Total	5.49		5.14	5.18	5.69	5.38	5.74		5.77			5.76
Exploration Expenses ($ Millions)
Dry holes	6		64	6	79	155	4		98			102
Leasehold impairment	512		52	63	92	719	32		78			110
Total noncash expenses	518		116	69	171	874	36		176			212
Other (G&A, G&G and lease rentals)	157		149	146	174	626	241		145			386
Total exploration expenses	675		265	215	345	1,500	277		321			598
U.S. exploration expenses	87		96	106	126	415	152		196			348
International exploration expenses	588		169	109	219	1,085	125		125			250
DD&A ($ Millions)
Alaska	134		134	117	131	516	135		135			270
Lower 48 and Latin America	603		625	657	719	2,604	744		785			1,529
Canada	324		333	355	326	1,338	343		345			688
Europe	266		246	214	267	993	261		234			495
Asia Pacific and Middle East	211		210	274	303	998	293		298			591
Other International	9		11	12	13	45	11		12			23
Corporate and Other	24		21	21	20	86	20		23			43
Total DD&A	1,571		1,580	1,650	1,779	6,580	1,807		1,832			3,639

5 of 8

	2012					2013
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Consolidated operations
Alaska	208	190	157	196	188	190	176			183
Lower 48	117	115	124	136	123	148	147			147
Canada	13	14	14	13	13	14	14			14
Norway	112	103	97	103	104	100	78			89
United Kingdom	44	35	20	27	31	24	22			23
Europe	156	138	117	130	135	124	100			112
Australia/Timor-Leste	17	15	18	16	16	13	15			14
China	23	31	48	54	39	57	56			57
Indonesia	10	8	9	9	9	9	7			8
Malaysia	-	-	-	4	1	7	6			6
Vietnam	11	-	-	-	3	-	-			-
AP/ME	61	54	75	83	68	86	84			85
Libya	35	43	41	40	40	44	44			44
Other International	35	43	41	40	40	44	44			44
Total consolidated operations	590	554	528	598	567	606	565			585
Equity affiliates	34	31	25	21	28	20	20			20
Total continuing operations	624	585	553	619	595	626	585			605
Discontinued operations (Algeria and Nigeria)	26	23	25	17	23	20	18			19
Total	650	608	578	636	618	646	603			624
NGL (MBD)
Consolidated operations
Alaska	18	16	10	17	16	18	15			16
Lower 48	84	83	87	87	85	87	91			89
Canada	25	22	25	24	24	26	25			26
Norway	5	4	3	3	4	3	2			3
United Kingdom	5	4	2	4	3	3	3			3
Europe	10	8	5	7	7	6	5			6
Australia/Timor-Leste	12	9	12	12	11	10	10			10
Indonesia	6	5	5	5	5	4	4			4
AP/ME	18	14	17	17	16	14	14			14
Total consolidated operations	155	143	144	152	148	151	150			151
Equity affiliates	8	7	7	8	8	8	8			8
Total continuing operations	163	150	151	160	156	159	158			159
Discontinued operations (Nigeria)	3	4	4	3	4	3	3			3
Total	166	154	155	163	160	162	161			162
Bitumen (MBD)
Consolidated operations	11	11	12	12	12	13	12			12
Equity affiliates	73	77	80	94	81	96	88			92
Total	84	88	92	106	93	109	100			104
Natural Gas (MMCFD)
Consolidated operations
Alaska	59	56	51	56	55	56	38			47
Lower 48	1,502	1,456	1,507	1,508	1,493	1,441	1,516			1,479
Canada	863	864	874	826	857	806	788			797
Norway	195	141	127	176	160	161	119			140
United Kingdom	437	399	287	302	356	300	290			295
Europe	632	540	414	478	516	461	409			435
Australia/Timor-Leste	249	159	261	251	230	251	272			261
China	-	1	4	5	3	4	6			5
Indonesia	441	427	444	438	437	428	447			438
Malaysia	-	-	-	-	-	1	1			1
Vietnam	7	-	-	-	2	-	-			-
AP/ME	697	587	709	694	672	684	726			705
Libya	3	6	33	30	18	31	28			29
Other International	3	6	33	30	18	31	28			29
Total consolidated operations	3,756	3,509	3,588	3,592	3,611	3,479	3,505			3,492
Equity affiliates	505	491	449	497	485	483	493			488
Total continuing operations	4,261	4,000	4,037	4,089	4,096	3,962	3,998			3,980
Discontinued operations (Nigeria)	161	153	162	120	149	110	128			119
Total	4,422	4,153	4,199	4,209	4,245	4,072	4,126			4,099
Total (MBOED)
Consolidated operations
Alaska	236	215	176	222	213	218	197			207
Lower 48	451	441	462	475	457	475	491			483
Canada	193	191	197	187	192	187	183			184
Norway	149	131	121	135	135	130	100			115
United Kingdom	122	105	70	81	93	77	73			75
Europe	271	236	191	216	228	207	173			190
Australia/Timor-Leste	70	51	73	69	66	65	70			68
China	23	31	49	55	40	58	57			58
Indonesia	90	84	88	87	87	84	86			85
Malaysia	-	-	-	4	1	7	6			6
Vietnam	12	-	-	-	3	-	-			-
AP/ME	195	166	210	215	197	214	219			217
Libya	36	43	47	45	43	49	49			49
Other International	36	43	47	45	43	49	49			49
Total consolidated operations	1,382	1,292	1,283	1,360	1,330	1,350	1,312			1,330
Equity affiliates	199	197	187	206	197	205	198			201
Total continuing operations	1,581	1,489	1,470	1,566	1,527	1,555	1,510			1,531
Discontinued operations (Algeria and Nigeria)	56	53	55	41	51	41	42			42
Total	1,637	1,542	1,525	1,607	1,578	1,596	1,552			1,573

6 of 8

	2012					2013
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska	112.20	112.38	106.53	106.91	109.62	110.79	106.09			108.35
Lower 48	99.00	89.61	90.06	88.63	91.67	93.69	93.56			93.63
Canada	83.85	74.76	77.19	77.71	78.26	72.85	81.09			76.92
Norway	122.49	109.50	111.74	111.87	113.80	114.75	103.21			110.35
United Kingdom	116.54	111.55	104.55	109.54	110.31	111.07	101.67			105.76
Europe	121.25	109.89	109.67	111.51	113.08	114.11	102.74			109.29
Australia/Timor-Leste	113.00	103.53	105.47	103.31	106.66	107.76	97.11			103.19
China	122.02	113.71	107.68	105.01	109.94	110.91	98.58			104.79
Indonesia	109.16	96.96	91.45	93.95	98.21	93.32	83.15			88.50
Malaysia	-	-	-	-	-	119.87	108.67			114.30
Vietnam	126.02	-	-	-	126.02	-	-			-
AP/ME	117.66	109.12	105.12	103.34	108.20	109.35	97.77			103.76
Libya	121.68	109.52	108.00	109.95	110.75	112.18	102.82			107.16
Other International	121.68	109.52	108.00	109.95	110.75	112.18	102.82			107.16
Total consolidated operations	111.91	105.77	102.79	103.16	105.86	106.17	100.31			103.28
Equity affiliates	111.37	99.28	96.57	100.90	102.80	100.27	93.41			96.83
Total continuing operations	111.88	105.43	102.54	103.08	105.72	105.97	100.07			103.06
Discontinued operations (Algeria and Nigeria)	122.73	108.92	106.97	112.15	112.90	112.62	103.45			109.13
Total	112.33	105.56	102.72	103.33	105.98	106.20	100.14			103.23
NGL ($/BBL)
Consolidated operations
Lower 48	44.90	34.62	31.40	31.32	35.45	29.58	29.30			29.43
Canada	54.13	48.66	45.31	46.28	48.64	50.15	44.08			47.16
Norway	57.56	53.57	55.56	72.71	59.22	59.77	52.15			57.09
United Kingdom	61.10	56.38	59.72	74.83	63.84	60.61	46.32			54.28
Europe	59.29	54.81	57.62	73.94	61.53	60.10	49.29			55.88
Australia/Timor-Leste	88.97	70.98	74.68	85.00	80.03	77.42	67.48			73.36
Indonesia	90.85	72.30	63.40	84.60	77.58	78.10	64.58			71.42
AP/ME	89.56	71.39	71.06	84.88	79.26	77.59	66.54			72.81
Total consolidated operations	53.26	42.77	40.02	42.38	44.62	40.87	36.21			38.56
Equity affiliates	88.24	70.28	62.18	86.97	77.30	77.32	64.63			71.08
Total continuing operations	55.03	44.36	41.08	44.93	46.36	42.95	37.80			40.39
Discontinued operations (Nigeria)	11.97	15.34	14.26	11.06	13.30	12.30	13.13			12.76
Total	54.11	43.55	40.39	44.15	45.55	42.41	37.24			39.84
Bitumen ($/BBL)
Consolidated operations	64.95	54.75	56.23	55.29	57.58	36.78	59.67			48.55
Equity affiliates	60.04	50.85	56.95	47.43	53.39	39.52	55.13			46.85
Total	60.66	51.38	56.86	48.32	53.91	39.23	55.69			47.04
Natural Gas ($/MCF)
Consolidated operations
Alaska	4.68	3.93	3.97	4.28	4.22	5.20	4.03			4.73
Lower 48	2.65	2.10	2.64	3.24	2.67	3.19	3.85			3.53
Canada	1.98	1.61	2.05	2.92	2.13	2.89	3.28			3.08
Norway	10.40	9.58	8.47	10.26	9.77	10.69	10.42			10.57
United Kingdom	9.80	9.49	9.06	10.72	9.76	10.87	10.19			10.53
Europe	9.98	9.52	8.87	10.56	9.76	10.81	10.26			10.55
Australia/Timor-Leste*	1.10	1.10	1.18	1.12	1.12	1.10	1.11			1.10
China	-	2.46	2.44	2.39	2.41	2.50	2.52			2.51
Indonesia	10.37	12.85	9.94	10.14	10.80	11.57	10.56			11.05
Vietnam	1.15	-	-	-	1.15	-	-			-
AP/ME	10.40	11.47	10.64	10.15	10.63	10.71	9.79			10.24
Libya	0.09	0.09	6.77	5.19	5.55	4.86	4.65			4.76
Other International	0.09	0.09	6.77	5.19	5.55	4.86	4.65			4.76
Total consolidated operations	5.20	4.72	4.86	5.50	5.07	5.32	5.41			5.37
Equity affiliates	8.62	8.98	8.66	7.90	8.54	9.36	8.84			9.10
Total continuing operations	5.61	5.25	5.28	5.79	5.48	5.84	5.86			5.85
Discontinued operations (Nigeria)	2.53	2.51	2.84	2.32	2.57	2.54	2.98			2.78
Total	5.49	5.14	5.18	5.69	5.38	5.74	5.77			5.76
*Excludes transfers to Darwin LNG plant.

7 of 8

	2012										2013
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
CORPORATE AND OTHER
Corporate and Other Earnings (Loss) ($ Millions)	(311	)	(262	)	(254	)	(166	)	(993	)	(162	)	(173	)			(335	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense	(161	)	(160	)	(214	)	(113	)	(648	)	(108	)	(127	)			(235	)
Corporate G&A expenses	(74	)	(44	)	(128	)	(67	)	(313	)	(27	)	(43	)			(70	)
Technology*	(18	)	(22	)	46		(10	)	(4	)	(8	)	41				33
Separation costs	(33	)	(40	)	(7	)	(4	)	(84	)	-		-				-
Other	(25	)	4		49		28		56		(19	)	(44	)			(63	)
Total	(311	)	(262	)	(254	)	(166	)	(993	)	(162	)	(173	)			(335	)
* Includes investment in new technologies or businesses outside of our normal scope of operations and is net of licensing revenues.
Before-Tax Net Interest Expense ($ Millions)
Interest expense	(309	)	(315	)	(294	)	(303	)	(1,221	)	(287	)	(303	)			(590	)
Capitalized interest	146		145		157		167		615		179		186				365
Interest revenue	11		18		7		60		96		10		28				38
Premium on early debt retirement	-		-		(79	)	-		(79	)	-		-				-
Total	(152	)	(152	)	(209	)	(76	)	(589	)	(98	)	(89	)			(187	)
Debt
Total debt ($ Millions)	28,360		23,008		21,117		21,725		21,725		21,670		21,721				21,721
Debt-to-capital ratio (%)	30	%	33	%	31	%	31	%	31	%	31	%	31	%			31	%
Equity ($ Millions)	67,057		46,443		47,877		48,427		48,427		49,240		48,932				48,932

REFERENCE
Commonly Used Abbreviations
Earnings	Net Income (Loss) Attributable to ConocoPhillips
DD&A	Depreciation, Depletion and Amortization
FX	Foreign Currency
G&G	Geological and Geophysical
G&A	General and Administrative
JCC	Japan Crude Cocktail
LNG	Liquefied Natural Gas
NGL	Natural Gas Liquids
R&D	Research and Development
WCS	Western Canada Select
WTI	West Texas Intermediate
Units of Measure
BBL	Barrels
MMBBL	Millions of Barrels
MBD	Thousands of Barrels per Day
MBOED	Thousands of Barrels of Oil Equivalent per Day
MCF	Thousands of Cubic Feet
MMBTU	Millions of British Thermal Units
MMCFD	Millions of Cubic Feet per Day

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