ConocoPhillips (COP) 8-K ConocoPhillips Reports Third-Quarter 2015 Results; Accelerating Capital and Operating Cost Reductions

Exhibit 99.2

	Third-Quarter 2015 Detailed Supplemental Information
	2014										2015
	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	15,415		13,821		12,080		11,208		52,524		7,716		8,293		7,262			23,271
Equity in earnings of affiliates	572		672		764		521		2,529		205		258		223			686
Gain on dispositions	9		7		4		78		98		52		52		18			122
Other income	52		201		69		44		366		29		57		4			90
Total Revenues and Other Income	16,048		14,701		12,917		11,851		55,517		8,002		8,660		7,507			24,169
Costs and Expenses
Purchased commodities	7,127		5,495		4,703		4,774		22,099		3,237		3,230		3,269			9,736
Production and operating expenses	1,895		2,030		2,041		2,943		8,909		1,802		1,798		1,834			5,434
Selling, general and administrative expenses	182		218		203		132		735		159		218		293			670
Exploration expenses	296		517		459		773		2,045		482		549		1,061			2,092
Depreciation, depletion and amortization	1,892		2,070		2,096		2,271		8,329		2,131		2,329		2,271			6,731
Impairments	1		17		108		730		856		16		78		24			118
Taxes other than income taxes	651		612		493		332		2,088		224		225		206			655
Accretion on discounted liabilities	117		120		120		127		484		121		122		122			365
Interest and debt expense	171		155		149		173		648		202		210		240			652
Foreign currency transaction (gains) losses	18		7		(8	)	(83	)	(66	)	(16	)	(8	)	(72	)		(96	)
Total Costs and Expenses	12,350		11,241		10,364		12,172		46,127		8,358		8,751		9,248			26,357
Income (loss) from continuing operations before income taxes	3,698		3,460		2,553		(321	)	9,390		(356	)	(91	)	(1,741	)		(2,188	)
Provision (benefit) for income taxes	1,581		1,395		904		(297	)	3,583		(642	)	73		(685	)		(1,254	)
Income (loss) from continuing operations	2,117		2,065		1,649		(24	)	5,807		286		(164	)	(1,056	)		(934	)
Income from discontinued operations	20		33		1,078		-		1,131		-		-		-			-
Net Income (Loss)	2,137		2,098		2,727		(24	)	6,938		286		(164	)	(1,056	)		(934	)
Less: net income attributable to noncontrolling interests	(14	)	(17	)	(23	)	(15	)	(69	)	(14	)	(15	)	(15	)		(44	)
Net Income (Loss) Attributable to ConocoPhillips	2,123		2,081		2,704		(39	)	6,869		272		(179	)	(1,071	)		(978	)
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic
Continuing operations	1.70		1.65		1.31		(0.03	)	4.63		0.22		(0.15	)	(0.87	)		(0.80	)
Discontinued operations	0.02		0.03		0.87		-		0.91		-		-		-			-
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock	1.72		1.68		2.18		(0.03	)	5.54		0.22		(0.15	)	(0.87	)		(0.80	)
Diluted
Continuing operations	1.69		1.64		1.31		(0.03	)	4.60		0.22		(0.15	)	(0.87	)		(0.80	)
Discontinued operations	0.02		0.03		0.86		-		0.91		-		-		-			-
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock	1.71		1.67		2.17		(0.03	)	5.51		0.22		(0.15	)	(0.87	)		(0.80	)
Average Common Shares Outstanding (in thousands)
Basic	1,234,968		1,236,057		1,238,234		1,239,975		1,237,325		1,240,791		1,241,026		1,242,125			1,241,319
Diluted	1,242,667		1,245,155		1,247,436		1,239,975		1,245,863		1,245,531		1,241,026		1,242,125			1,241,319
INCOME (LOSS) FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES
Alaska	930		973		722		497		3,122		225		305		53			583
Lower 48	516		434		78		(1,142	)	(114	)	(637	)	(460	)	(1,320	)		(2,417	)
Canada	466		241		340		129		1,176		(218	)	(38	)	(211	)		(467	)
Europe	1,041		781		633		(163	)	2,292		187		116		(20	)		283
Asia Pacific and Middle East	1,093		1,233		1,058		818		4,202		572		521		310			1,403
Other International	(67	)	99		10		(131	)	(89	)	(160	)	(329	)	(77	)		(566	)
Corporate and Other	(281	)	(301	)	(288	)	(329	)	(1,199	)	(325	)	(206	)	(476	)		(1,007	)
Consolidated	3,698		3,460		2,553		(321	)	9,390		(356	)	(91	)	(1,741	)		(2,188	)
EFFECTIVE INCOME TAX RATES FOR
CONTINUING OPERATIONS
Alaska*	35.6	%	35.6	%	34.4	%	31.1	%	34.6	%	35.2	%	36.3	%	1.3	%		32.7	%
Lower 48	37.3	%	38.7	%	60.0	%	43.8	%	80.9	%	36.5	%	36.3	%	35.4	%		35.9	%
Canada	23.7	%	24.0	%	9.7	%	27.0	%	20.1	%	27.6	%	-343.5	%	31.4	%		-0.3	%
Europe	66.7	%	66.8	%	66.4	%	90.8	%	64.9	%	-240.1	%	67.9	%	79.1	%		-136.4	%
Asia Pacific and Middle East	30.9	%	30.1	%	27.0	%	24.4	%	28.4	%	28.6	%	34.0	%	11.8	%		26.9	%
Other International	57.2	%	-21.7	%	296.5	%	-24.6	%	-0.2	%	41.9	%	54.8	%	44.8	%		49.8	%
Corporate and Other	16.4	%	16.3	%	55.0	%	21.5	%	27.1	%	23.3	%	36.1	%	28.9	%		28.6	%
Consolidated	42.8	%	40.3	%	35.4	%	92.7	%	38.2	%	179.8	%	-81.7	%	39.3	%		57.3	%
*Alaska including taxes other than income taxes.	51.6	%	50.3	%	48.6	%	44.2	%	49.4	%	47.0	%	49.9	%	56.4	%		49.9	%

1 of 8

	2014										2015
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska	598		627		473		343		2,041		145		195		53			393
Lower 48	324		265		32		(643	)	(22	)	(405	)	(293	)	(852	)		(1,550	)
Canada	356		182		307		95		940		(158	)	(166	)	(145	)		(469	)
Europe	347		259		213		(15	)	804		637		37		(4	)		670
Asia Pacific and Middle East	742		845		749		603		2,939		395		328		258			981
Other International	(29	)	121		(18	)	(164	)	(90	)	(93	)	(148	)	(43	)		(284	)
Corporate and Other	(235	)	(251	)	(130	)	(258	)	(874	)	(249	)	(132	)	(338	)		(719	)
Discontinued Operations	20		33		1,078		-		1,131		-		-		-			-
Consolidated	2,123		2,081		2,704		(39	)	6,869		272		(179	)	(1,071	)		(978	)
SPECIAL ITEMS (AFTER-TAX)
Alaska	-		-		-		(36	)	(36	)	(1	)	-		(10	)		(11	)
Lower 48	(122	)	-		(151	)	(610	)	(883	)	(16	)	-		(389	)		(405	)
Canada	-		(109	)	47		9		(53	)	(18	)	(106	)	(27	)		(151	)
Europe	-		-		-		(144	)	(144	)	551		(34	)	(7	)		510
Asia Pacific and Middle East	(28	)	-		30		-		2		(1	)	-		(44	)		(45	)
Other International	-		154		-		-		154		-		(79	)	(1	)		(80	)
Corporate and Other	-		-		89		-		89		(21	)	(41	)	(127	)		(189	)
Discontinued Operations	20		33		1,078		-		1,131		-		-		-			-
Consolidated	(130	)	78		1,093		(781	)	260		494		(260	)	(605	)		(371	)
ADJUSTED EARNINGS
Alaska	598		627		473		379		2,077		146		195		63			404
Lower 48	446		265		183		(33	)	861		(389	)	(293	)	(463	)		(1,145	)
Canada	356		291		260		86		993		(140	)	(60	)	(118	)		(318	)
Europe	347		259		213		129		948		86		71		3			160
Asia Pacific and Middle East	770		845		719		603		2,937		396		328		302			1,026
Other International	(29	)	(33	)	(18	)	(164	)	(244	)	(93	)	(69	)	(42	)		(204	)
Corporate and Other	(235	)	(251	)	(219	)	(258	)	(963	)	(228	)	(91	)	(211	)		(530	)
Consolidated	2,253		2,003		1,611		742		6,609		(222	)	81		(466	)		(607	)
ADJUSTED EFFECTIVE INCOME TAX RATES FOR
CONTINUING OPERATIONS
Alaska	35.6	%	35.6	%	34.4	%	31.5	%	34.6	%	35.2	%	36.3	%	8.4	%		32.7	%
Lower 48	37.0	%	38.7	%	42.7	%	68.1	%	36.5	%	36.5	%	36.4	%	35.2	%		36.0	%
Canada	23.7	%	24.3	%	23.5	%	26.5	%	24.1	%	28.0	%	22.9	%	32.3	%		28.8	%
Europe	66.7	%	66.8	%	66.4	%	61.1	%	66.0	%	58.3	%	61.7	%	-175.3	%		59.3	%
Asia Pacific and Middle East	30.1	%	30.1	%	27.1	%	24.4	%	28.3	%	28.6	%	34.0	%	24.3	%		29.3	%
Other International	57.2	%	39.3	%	296.5	%	-24.6	%	-0.1	%	41.8	%	42.0	%	44.7	%		42.5	%
Corporate and Other	16.4	%	16.3	%	30.8	%	21.5	%	21.5	%	21.9	%	34.9	%	27.9	%		26.8	%
Consolidated	42.1	%	41.5	%	40.0	%	39.7	%	41.2	%	17.8	%	54.9	%	41.3	%		30.3	%
The income tax effects of the special items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides.

2 of 8

	2014										2015
$ 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
Impairments	-		-		-		(36	)	(36	)	-		-		-			-
Restructuring	-		-		-		-		-		(1	)	-		(10	)		(11	)
Total	-		-		-		(36	)	(36	)	(1	)	-		(10	)		(11	)
Lower 48
Restructuring	-		-		-		-		-		(16	)	-		(37	)		(53	)
Loss on capacity agreements	(83	)	-		-		-		(83	)	-		-		-			-
Impairments	-		-		(151	)	(124	)	(275	)	-		-		(154	)		(154	)
Rig termination	-		-		-		-		-		-		-		(246	)		(246	)
Pending claims and settlements	(39	)	-		-		-		(39	)	-		-		-			-
Freeport LNG termination agreement	-		-		-		(545	)	(545	)	-		-		-			-
Deferred tax adjustment	-		-		-		59		59		-		-		-			-
Depreciation volume adjustment	-		-		-		-		-		-		-		48			48
Total	(122	)	-		(151	)	(610	)	(883	)	(16	)	-		(389	)		(405	)
Canada
Gain (loss) on asset sales	-		-		-		38		38		-		29		-			29
Pending claims and settlements	-		-		47		-		47		-		-		-			-
Impairments	-		(109	)	-		(29	)	(138	)	-		-		-			-
Restructuring	-		-		-		-		-		(18	)	1		(27	)		(44	)
International tax law changes	-		-		-		-		-		-		(136	)	-			(136	)
Total	-		(109	)	47		9		(53	)	(18	)	(106	)	(27	)		(151	)
Europe
Restructuring	-		-		-		-		-		(4	)	(1	)	(7	)		(12	)
Impairments	-		-		-		(192	)	(192	)	-		(33	)	-			(33	)
International tax law changes	-		-		-		-		-		555		-		-			555
Pending claims and settlements	-		-		-		48		48		-		-		-			-
Total	-		-		-		(144	)	(144	)	551		(34	)	(7	)		510
Asia Pacific and Middle East
Restructuring	-		-		-		-		-		(1	)	-		(3	)		(4	)
Impairments	-		-		-		-		-		-		-		(41	)		(41	)
Qatar depreciation adjustment	(28	)	-		-		-		(28	)	-		-		-			-
Pending claims and settlements	-		-		30		-		30		-		-		-			-
Total	(28	)	-		30		-		2		(1	)	-		(44	)		(45	)
Other International
Impairments	-		-		-		-		-		-		(107	)	-			(107	)
Tax impact from country exit	-		-		-		-		-		-		28		-			28
Restructuring	-		-		-		-		-		-		-		(1	)		(1	)
Pending claims and settlements	-		154		-		-		154		-		-		-			-
Total	-		154		-		-		154		-		(79	)	(1	)		(80	)
Corporate and Other
Restructuring	-		-		-		-		-		(21	)	(10	)	(71	)		(102	)
Pension settlement expense	-		-		-		-		-		-		(38	)	(56	)		(94	)
International tax law changes	-		-		-		-		-		-		7		-			7
Tax benefit on interest expense	-		-		61		-		61		-		-		-			-
Pending claims and settlements	-		-		28		-		28		-		-		-			-
Total	-		-		89		-		89		(21	)	(41	)	(127	)		(189	)
Discontinued Operations	20		33		1,078		-		1,131		-		-		-			-
Total Company	(130	)	78		1,093		(781	)	260		494		(260	)	(605	)		(371	)

3 of 8

	2014										2015
	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 (loss)	2,137		2,098		2,727		(24	)	6,938		286		(164	)	(1,056	)		(934	)
Depreciation, depletion and amortization	1,892		2,070		2,096		2,271		8,329		2,131		2,329		2,271			6,731
Impairments	1		17		108		730		856		16		78		24			118
Dry hole costs and leasehold impairments	69		334		265		498		1,166		311		402		525			1,238
Accretion on discounted liabilities	117		120		120		127		484		121		122		122			365
Deferred taxes	230		403		391		(315	)	709		(637	)	35		(682	)		(1,284	)
Undistributed equity earnings	1,131		(450	)	(347	)	(257	)	77		80		(121	)	(38	)		(79	)
Gain on dispositions	(9	)	(7	)	(4	)	(78	)	(98	)	(52	)	(52	)	(18	)		(122	)
Income from discontinued operations	(20	)	(33	)	(1,078	)	-		(1,131	)	-		-		-			-
Other	116		(308	)	(344	)	303		(233	)	(133	)	(321	)	195			(259	)
Net working capital changes	587		(738	)	(90	)	(444	)	(685	)	(55	)	(334	)	591			202
Net cash provided by continuing operations	6,251		3,506		3,844		2,811		16,412		2,068		1,974		1,934			5,976
Net cash provided by discontinued operations	74		56		27		-		157		-		-		-			-
Net Cash Provided by Operating Activities	6,325		3,562		3,871		2,811		16,569		2,068		1,974		1,934			5,976
Cash Flows from Investing Activities
Capital expenditures and investments	(3,895	)	(4,246	)	(4,588	)	(4,356	)	(17,085	)	(3,332	)	(2,407	)	(2,174	)		(7,913	)
Working capital changes associated with investing activities	27		57		310		(214	)	180		(198	)	(480	)	(164	)		(842	)
Proceeds from asset dispositions	48		15		1,371		169		1,603		173		121		29			323
Net sales (purchases) of short-term investments	63		(71	)	(101	)	362		253		-		-		-			-
Long-term collections from related parties
and other investments	108		65		(484	)	468		157		43		300		60			403
Net cash used in continuing operations	(3,649	)	(4,180	)	(3,492	)	(3,571	)	(14,892	)	(3,314	)	(2,466	)	(2,249	)		(8,029	)
Net cash used in discontinued operations	(38	)	(25	)	(10	)	-		(73	)	-		-		-			-
Net Cash Used in Investing Activities	(3,687	)	(4,205	)	(3,502	)	(3,571	)	(14,965	)	(3,314	)	(2,466	)	(2,249	)		(8,029	)
Cash Flows from Financing Activities
Net issuance (repayment) of debt	(450	)	-		(55	)	1,485		980		(57	)	2,493		(30	)		2,406
Issuance of company common stock	(32	)	78		(19	)	8		35		(34	)	(12	)	(23	)		(69	)
Dividends paid	(855	)	(856	)	(907	)	(907	)	(3,525	)	(910	)	(909	)	(922	)		(2,741	)
Other	(17	)	(11	)	8		(44	)	(64	)	(18	)	(17	)	(15	)		(50	)
Net cash provided by (used in) continuing operations	(1,354	)	(789	)	(973	)	542		(2,574	)	(1,019	)	1,555		(990	)		(454	)
Net cash provided by (used in) discontinued operations	-		-		-		-		-		-		-		-			-
Net Cash Provided by (Used in) Financing Activities	(1,354	)	(789	)	(973	)	542		(2,574	)	(1,019	)	1,555		(990	)		(454	)
Effect of Exchange Rate Changes	(10	)	54		(130	)	(128	)	(214	)	(133	)	86		(95	)		(142	)
Net Change in Cash and Cash Equivalents	1,274		(1,378	)	(734	)	(346	)	(1,184	)	(2,398	)	1,149		(1,400	)		(2,649	)
Cash and cash equivalents at beginning of period	6,246		7,520		6,142		5,408		6,246		5,062		2,664		3,813			5,062
Cash and Cash Equivalents at End of Period	7,520		6,142		5,408		5,062		5,062		2,664		3,813		2,413			2,413
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska	415		390		369		390		1,564		402		379		304			1,085
Lower 48	1,312		1,385		1,656		1,701		6,054		1,372		882		756			3,010
Canada	622		515		613		590		2,340		455		272		160			887
Europe	596		656		660		609		2,521		500		367		363			1,230
Asia Pacific and Middle East	848		1,094		1,077		858		3,877		488		432		551			1,471
Other International	67		172		164		136		539		83		43		13			139
Corporate and Other	35		34		49		72		190		32		32		27			91
Total capital expenditures and investments	3,895		4,246		4,588		4,356		17,085		3,332		2,407		2,174			7,913
Capital expenditures and investments for Nigeria:	22		28		9		-		59		-		-		-			-

4 of 8

	2014						2015
	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	1,532		1,557	1,481	1,589	1,540	1,610	1,595		1,554		1,586
Discontinued operations (Nigeria)	36		37	14	-	21	-	-		-		-
Total, including equity affiliates	1,568		1,594	1,495	1,589	1,561	1,610	1,595		1,554		1,586
Crude Oil (MBD)
Consolidated operations	581		576	542	605	576	603	589		558		583
Equity affiliates	18		20	19	18	19	19	19		19		19
Total continuing operations	599		596	561	623	595	622	608		577		602
Discontinued operations (Nigeria)	8		9	4	-	5	-	-		-		-
Total	607		605	565	623	600	622	608		577		602
Over (under) lifting of crude oil (MBD)*	(16	)	4	15	6	2	17	17		32		22
*Includes continuing and discontinued operations.
NGL (MBD)
Consolidated operations	152		159	149	145	151	148	152		148		149
Equity affiliates	7		8	8	7	8	7	8		8		8
Total continuing operations	159		167	157	152	159	155	160		156		157
Discontinued operations (Nigeria)	3		3	1	-	1	-	-	��	-		-
Total	162		170	158	152	160	155	160		156		157
Bitumen (MBD)
Consolidated operations	13		14	9	13	12	12	12		12		12
Equity affiliates	111		114	115	128	117	144	126		145		138
Total	124		128	124	141	129	156	138		157		150
Natural Gas (MMCFD)
Consolidated operations	3,432		3,482	3,315	3,524	3,438	3,498	3,514		3,316		3,441
Equity affiliates	469		516	518	516	505	561	622		668		618
Total continuing operations	3,901		3,998	3,833	4,040	3,943	4,059	4,136		3,984		4,059
Discontinued operations (Nigeria)	149		151	54	-	88	-	-		-		-
Total	4,050		4,149	3,887	4,040	4,031	4,059	4,136		3,984		4,059
Industry Prices
Crude Oil ($/BBL)
WTI	98.75		103.05	97.48	73.41	93.17	48.56	57.84		46.37		50.92
WCS	75.55		82.94	76.99	58.90	73.60	33.86	46.25		33.10		37.74
Brent dated	108.22		109.63	101.85	76.27	98.99	53.97	61.92		50.26		55.39
JCC ($/BBL)	112.78		111.40	109.59	110.37	111.04	89.63	55.45		59.63		68.23
Natural Gas ($/MMBTU)
Henry Hub first of month	4.94		4.68	4.07	4.04	4.43	2.99	2.65		2.77		2.80
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations	101.71		103.48	96.65	71.34	92.84	48.02	57.94		46.37		50.79
Equity affiliates	97.82		100.80	96.03	70.40	91.48	49.14	59.93		47.55		52.21
Total continuing operations	101.59		103.39	96.63	71.31	92.80	48.05	58.00		46.41		50.83
Discontinued operations (Nigeria)	108.81		113.07	107.74	-	110.61	-	-		-		-
Total	101.69		103.53	96.67	71.31	92.94	48.05	58.00		46.41		50.83
NGL ($/BBL)
Consolidated operations	44.86		38.71	36.26	29.75	37.45	18.54	18.63		14.67		17.27
Equity affiliates	79.91		68.84	67.13	54.09	67.20	38.80	38.24		31.26		36.05
Total continuing operations	46.52		40.36	37.83	31.07	38.99	19.60	19.62		15.54		18.24
Discontinued operations (Nigeria)	12.99		14.55	11.49	-	13.41	-	-		-		-
Total	45.85		39.93	37.66	31.07	38.71	19.60	19.62		15.54		18.24
Bitumen ($/BBL)
Consolidated operations	61.69		68.00	64.95	46.57	60.03	24.31	39.74		22.67		29.13
Equity affiliates	55.85		65.55	62.30	36.85	54.62	16.60	32.66		17.16		21.57
Total	56.47		65.82	62.49	37.76	55.13	17.22	33.30		17.53		22.17
Natural Gas ($/MCF)
Consolidated operations	7.15		6.29	5.46	5.51	6.10	4.28	3.80		3.78		3.96
Equity affiliates	10.43		10.46	9.11	9.24	9.79	7.48	4.42		4.37		5.31
Total continuing operations	7.55		6.82	5.96	5.98	6.57	4.72	3.90		3.87		4.16
Discontinued operations (Nigeria)	2.69		2.46	2.26	-	2.53	-	-		-		-
Total	7.37		6.66	5.91	5.98	6.48	4.72	3.90		3.87		4.16
Exploration Expenses ($ Millions)
Dry holes	23		145	86	350	604	271	157		148		576
Leasehold impairment	46		189	179	148	562	40	245		377		662
Total noncash expenses	69		334	265	498	1,166	311	402		525		1,238
Other (G&A, G&G and lease rentals)*	227		183	194	275	879	171	147		536		854
Total exploration expenses	296		517	459	773	2,045	482	549		1,061		2,092
*3Q 2015 includes Gulf of Mexico deepwater drillship termination expense.
U.S. exploration expenses	150		242	340	370	1,102	220	153		772		1,145
International exploration expenses	146		275	119	403	943	262	396		289		947
DD&A ($ Millions)
Alaska	132		135	123	135	525	140	158		183		481
Lower 48	829		939	982	953	3,703	952	1,073		1,062		3,087
Canada	232		238	236	218	924	199	217		200		616
Europe	404		421	427	546	1,798	417	481		484		1,382
Asia Pacific and Middle East	268		310	300	390	1,268	399	374		313		1,086
Other International	1		-	2	4	7	-	-		1		1
Corporate and Other	26		27	26	25	104	24	26		28		78
Total DD&A	1,892		2,070	2,096	2,271	8,329	2,131	2,329		2,271		6,731

5 of 8

	2014					2015
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Alaska	175	170	139	164	162	163	154	144		154
Lower 48	171	191	191	199	188	198	209	213		207
Canada	13	12	13	13	13	14	13	12		13
Norway	96	89	89	91	91	88	91	90		90
United Kingdom	39	37	30	33	35	32	29	26		29
Europe	135	126	119	124	126	120	120	116		119
Australia/Timor-Leste	12	9	8	10	9	9	10	9		9
China	58	50	46	46	50	53	46	41		46
Indonesia	10	7	7	5	7	9	8	5		7
Malaysia	6	10	11	23	13	37	29	18		28
Equity affiliates	14	16	15	14	15	15	15	15		15
AP/ME	100	92	87	98	94	123	108	88		105
Libya	1	1	8	21	8	-	-	-		-
Equity affiliates	4	4	4	4	4	4	4	4		4
Other International	5	5	12	25	12	4	4	4		4
Total continuing operations	599	596	561	623	595	622	608	577		602
Discontinued operations (Nigeria)	8	9	4	-	5	-	-	-		-
Total	607	605	565	623	600	622	608	577		602
NGL (MBD)
Alaska	16	16	8	14	13	14	13	10		12
Lower 48	91	100	104	90	97	93	97	95		95
Canada	25	25	21	22	23	25	26	27		26
Norway	2	2	3	3	3	3	2	3		3
United Kingdom	5	5	5	6	5	4	4	4		4
Europe	7	7	8	9	8	7	6	7		7
Australia/Timor-Leste	8	6	5	6	6	6	7	6		6
Indonesia	5	5	3	4	4	3	3	3		3
Equity affiliates	7	8	8	7	8	7	8	8		8
AP/ME	20	19	16	17	18	16	18	17		17
Total continuing operations	159	167	157	152	159	155	160	156		157
Discontinued operations (Nigeria)	3	3	1	-	1	-	-	-		-
Total	162	170	158	152	160	155	160	156		157
Bitumen (MBD)
Consolidated operations	13	14	9	13	12	12	12	12		12
Equity affiliates	111	114	115	128	117	144	126	145		138
Total	124	128	124	141	129	156	138	157		150
Natural Gas (MMCFD)
Alaska	55	45	48	49	49	52	41	34		42
Lower 48	1,468	1,495	1,485	1,514	1,491	1,505	1,501	1,457		1,487
Canada	707	713	707	719	711	736	768	712		739
Norway	157	135	106	156	138	163	143	142		149
United Kingdom	315	345	298	334	323	331	339	273		314
Europe	472	480	404	490	461	494	482	415		463
Australia/Timor-Leste	263	277	200	279	255	276	294	282		284
China	3	3	4	4	4	3	3	1		2
Indonesia	457	463	464	461	461	430	417	408		418
Malaysia	3	5	2	3	3	2	7	7		5
Equity affiliates	469	516	518	516	505	561	622	668		618
AP/ME	1,195	1,264	1,188	1,263	1,228	1,272	1,343	1,366		1,327
Libya	4	1	1	5	3	-	1	-		1
Other International	4	1	1	5	3	-	1	-		1
Total continuing operations	3,901	3,998	3,833	4,040	3,943	4,059	4,136	3,984		4,059
Discontinued operations (Nigeria)	149	151	54	-	88	-	-	-		-
Total	4,050	4,149	3,887	4,040	4,031	4,059	4,136	3,984		4,059
Total (MBOED)
Alaska	200	193	155	186	183	186	174	160		173
Lower 48	507	540	543	541	533	542	556	551		550
Consolidated operations	169	170	161	168	167	174	180	170		174
Equity affiliates	111	114	115	128	117	144	126	145		138
Canada	280	284	276	296	284	318	306	315		312
Norway	124	114	110	120	117	118	117	117		118
United Kingdom	96	99	84	95	94	91	89	75		85
Europe	220	213	194	215	211	209	206	192		203
Australia/Timor-Leste	64	61	46	62	57	61	66	62		63
China	59	51	47	46	51	54	46	41		46
Indonesia	91	89	87	86	88	84	80	76		80
Malaysia	6	11	11	24	14	37	30	19		29
Equity affiliates	99	110	110	107	107	115	127	134		126
AP/ME	319	322	301	325	317	351	349	332		344
Libya	2	1	8	22	8	-	-	-		-
Equity affiliates	4	4	4	4	4	4	4	4		4
Other International	6	5	12	26	12	4	4	4		4
Total continuing operations	1,532	1,557	1,481	1,589	1,540	1,610	1,595	1,554		1,586
Discontinued operations (Nigeria)	36	37	14	-	21	-	-	-		-
Total	1,568	1,594	1,495	1,589	1,561	1,610	1,595	1,554		1,586

6 of 8

	2014					2015
	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska	106.39	108.93	102.36	74.07	97.68	50.74	61.51	50.48		54.18
Lower 48	91.52	93.73	87.91	65.34	84.18	40.77	52.01	41.56		44.84
Canada	80.32	86.33	82.48	62.89	77.87	37.12	46.58	38.44		40.71
Norway	109.69	111.97	103.53	73.91	98.37	55.72	62.39	50.56		56.48
United Kingdom	107.37	110.01	102.22	85.38	103.07	52.24	62.15	46.85		53.16
Europe	109.05	111.38	103.17	75.76	99.56	54.30	62.35	49.86		55.65
Australia/Timor-Leste	106.36	105.31	101.26	75.57	98.70	50.58	60.38	50.45		53.26
China	105.62	106.18	97.73	71.34	95.94	48.99	57.26	43.31		49.94
Indonesia	92.82	94.82	84.28	53.74	84.28	43.64	61.28	36.15		48.54
Malaysia	115.35	114.51	109.62	76.87	96.94	56.33	65.51	52.84		58.22
AP/ME	104.92	105.65	99.07	71.94	95.32	51.20	60.55	46.81		52.88
Libya	-	107.33	95.22	83.52	86.71	-	-	-		-
Other International	-	107.33	95.22	83.52	86.71	-	-	-		-
Total consolidated operations	101.71	103.48	96.65	71.34	92.84	48.02	57.94	46.37		50.79
Equity affiliates	97.82	100.80	96.03	70.40	91.48	49.14	59.93	47.55		52.21
Total continuing operations	101.59	103.39	96.63	71.31	92.80	48.05	58.00	46.41		50.83
Discontinued operations (Nigeria)	108.81	113.07	107.74	-	110.61	-	-	-		-
Total	101.69	103.53	96.67	71.31	92.94	48.05	58.00	46.41		50.83
NGL ($/BBL)
Consolidated operations
Lower 48	36.06	31.28	30.67	24.93	30.74	15.55	15.29	12.55		14.45
Canada	56.13	46.56	45.29	35.72	46.23	18.28	19.23	14.50		17.30
Norway	52.95	52.18	45.14	37.40	47.74	30.43	28.66	21.25		27.15
United Kingdom	64.99	59.48	58.21	40.05	54.74	29.69	30.90	26.72		29.03
Europe	60.48	57.32	54.47	39.42	52.65	29.90	29.54	24.74		28.20
Australia/Timor-Leste	78.51	72.80	71.18	51.27	69.56	41.63	40.95	32.53		38.95
Indonesia	82.11	69.07	67.57	56.31	69.06	39.31	38.95	31.89		36.49
AP/ME	80.07	71.52	69.69	53.66	69.36	40.90	40.35	32.26		38.12
Total consolidated operations	44.86	38.71	36.26	29.75	37.45	18.54	18.63	14.67		17.27
Equity affiliates	79.91	68.84	67.13	54.09	67.20	38.80	38.24	31.26		36.05
Total continuing operations	46.52	40.36	37.83	31.07	38.99	19.60	19.62	15.54		18.24
Discontinued operations (Nigeria)	12.99	14.55	11.49	-	13.41	-	-	-		-
Total	45.85	39.93	37.66	31.07	38.71	19.60	19.62	15.54		18.24
Bitumen ($/BBL)
Consolidated operations	61.69	68.00	64.95	46.57	60.03	24.31	39.74	22.67		29.13
Equity affiliates	55.85	65.55	62.30	36.85	54.62	16.60	32.66	17.16		21.57
Total	56.47	65.82	62.49	37.76	55.13	17.22	33.30	17.53		22.17
Natural Gas ($/MCF)
Consolidated operations
Alaska	5.22	6.03	5.47	5.01	5.42	4.29	4.50	4.26		4.35
Lower 48	5.08	4.43	3.96	3.73	4.29	2.60	2.38	2.65		2.54
Canada	5.81	4.13	3.50	3.12	4.13	2.21	1.88	1.94		2.01
Norway	11.16	9.19	7.81	8.66	9.35	7.67	6.84	6.79		7.11
United Kingdom	10.83	8.92	7.88	9.42	9.27	8.65	7.40	7.28		7.80
Europe	10.94	8.99	7.86	9.22	9.29	8.33	7.23	7.11		7.58
Australia/Timor-Leste*	1.09	1.11	1.08	1.09	1.09	1.05	0.85	0.63		0.84
China	1.66	2.49	2.52	2.54	2.33	2.49	2.51	2.50		2.50
Indonesia	10.24	10.21	10.18	8.16	9.69	6.50	7.55	6.26		6.77
Malaysia	0.26	0.26	0.26	0.26	0.26	1.21	1.49	1.71		1.55
AP/ME	10.32	10.32	9.39	9.17	9.80	7.23	6.48	5.97		6.56
Libya	6.65	-	-	0.09	3.40	-	-	-		-
Other International	6.65	-	-	0.09	3.40	-	-	-		-
Total consolidated operations	7.15	6.29	5.46	5.51	6.10	4.28	3.80	3.78		3.96
Equity affiliates	10.43	10.46	9.11	9.24	9.79	7.48	4.42	4.37		5.31
Total continuing operations	7.55	6.82	5.96	5.98	6.57	4.72	3.90	3.87		4.16
Discontinued operations (Nigeria)	2.69	2.46	2.26	-	2.53	-	-	-		-
Total	7.37	6.66	5.91	5.98	6.48	4.72	3.90	3.87		4.16
*Excludes transfers to Darwin LNG plant.

7 of 8

		2014										2015
		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)		(235	)	(251	)	(130	)	(258	)	(874	)	(249	)	(132	)	(338	)		(719	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense*		(163	)	(158	)	(36	)	(145	)	(502	)	(155	)	(161	)	(176	)		(492	)
Corporate G&A expenses		(31	)	(51	)	(51	)	(61	)	(194	)	(21	)	(71	)	(71	)		(163	)
Technology**		(28	)	(20	)	(26	)	(19	)	(93	)	(16	)	88		3			75
Other		(13	)	(22	)	(17	)	(33	)	(85	)	(57	)	12		(94	)		(139	)
Total		(235	)	(251	)	(130	)	(258	)	(874	)	(249	)	(132	)	(338	)		(719	)
*Third-quarter 2014 includes a $61 million tax benefit on interest expense from 2013, as shown on page 3, as well as a $32 million tax benefit related to 2014.
**Includes investment in new technologies or businesses outside of our normal scope of operations and licensing revenues.
Before-Tax Net Interest Expense ($ Millions)
Interest expense		(291	)	(276	)	(280	)	(289	)	(1,136	)	(296	)	(307	)	(305	)		(908	)
Capitalized interest		120		121		131		116		488		94		97		65			256
Interest revenue		9		10		10		11		40		12		13		6			31
Total		(162	)	(145	)	(139	)	(162	)	(608	)	(190	)	(197	)	(234	)		(621	)
Debt
Total debt ($ Millions)		21,206		21,234		21,187		22,565		22,565		22,511		24,925		24,891			24,891
Debt-to-capital ratio (%)		28	%	28	%	28	%	30	%	30	%	31	%	34	%	36	%		36	%
Equity ($ Millions)		53,621		55,686		55,661		52,273		52,273		49,008		48,969		44,555			44,555
REFERENCE
Commonly Used Abbreviations
Earnings	Net Income (Loss) Attributable to ConocoPhillips
DD&A	Depreciation, Depletion and Amortization
G&G	Geological and Geophysical
G&A	General and Administrative
JCC	Japan Crude Cocktail
LNG	Liquefied Natural Gas
NGL	Natural Gas Liquids
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

8 of 8