ConocoPhillips (COP) 8-K ConocoPhillips Reports First-Quarter 2016 Results; Announces Revised 2016 Capital Expenditures Guidance

	Exhibit 99.2
	First-Quarter 2016 Detailed Supplemental Information
							2015													2016
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			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		7,716			8,293			7,262			6,293			29,564			5,121						5,121
Equity in earnings (losses) of affiliates		205			258			223			(31	)		655			(149	)					(149	)
Gain on dispositions		52			52			18			469			591			23						23
Other income		29			57			4			35			125			20						20
Total Revenues and Other Income		8,002			8,660			7,507			6,766			30,935			5,015						5,015
Costs and Expenses
Purchased commodities		3,237			3,230			3,269			2,690			12,426			2,225						2,225
Production and operating expenses		1,802			1,798			1,834			1,582			7,016			1,354						1,354
Selling, general and administrative expenses		159			218			293			283			953			186						186
Exploration expenses		482			549			1,061			2,100			4,192			505						505
Depreciation, depletion and amortization		2,131			2,329			2,271			2,382			9,113			2,247						2,247
Impairments		16			78			24			2,127			2,245			136						136
Taxes other than income taxes		224			225			206			246			901			180						180
Accretion on discounted liabilities		121			122			122			118			483			109						109
Interest and debt expense		202			210			240			268			920			281						281
Foreign currency transaction (gains) losses		(16	)		(8	)		(72	)		21			(75	)		16						16
Total Costs and Expenses		8,358			8,751			9,248			11,817			38,174			7,239						7,239
Loss before income taxes		(356	)		(91	)		(1,741	)		(5,051	)		(7,239	)		(2,224	)					(2,224	)
Income tax provision (benefit)		(642	)		73			(685	)		(1,614	)		(2,868	)		(768	)					(768	)
Net Income (Loss)		286			(164	)		(1,056	)		(3,437	)		(4,371	)		(1,456	)					(1,456	)
Less: net income attributable to noncontrolling interests		(14	)		(15	)		(15	)		(13	)		(57	)		(13	)					(13	)
Net Income (Loss) Attributable to ConocoPhillips		272			(179	)		(1,071	)		(3,450	)		(4,428	)		(1,469	)					(1,469	)
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic		0.22			(0.15	)		(0.87	)		(2.78	)		(3.58	)		(1.18	)					(1.18	)
Diluted		0.22			(0.15	)		(0.87	)		(2.78	)		(3.58	)		(1.18	)					(1.18	)
Average Common Shares Outstanding (in thousands)
Basic		1,240,791			1,241,026			1,242,125			1,243,699			1,241,919			1,244,557						1,244,557
Diluted		1,245,531			1,241,026			1,242,125			1,243,699			1,241,919			1,244,557						1,244,557
INCOME (LOSS) BEFORE INCOME TAXES
Alaska		225			305			53			(650	)		(67	)		(52	)					(52	)
Lower 48		(637	)		(460	)		(1,320	)		(634	)		(3,051	)		(1,279	)					(1,279	)
Canada		(218	)		(38	)		(211	)		(799	)		(1,266	)		(418	)					(418	)
Europe and North Africa		172			102			(30	)		(689	)		(445	)		(146	)					(146	)
Asia Pacific and Middle East		572			521			310			(1,342	)		61			89						89
Other International		(145	)		(315	)		(67	)		(522	)		(1,049	)		(32	)					(32	)
Corporate and Other		(325	)		(206	)		(476	)		(415	)		(1,422	)		(386	)					(386	)
Consolidated		(356	)		(91	)		(1,741	)		(5,051	)		(7,239	)		(2,224	)					(2,224	)
EFFECTIVE INCOME TAX RATES
Alaska*		35.2	%		36.3	%		1.3	%		40.3	%		105.9	%		96.4	%					96.4	%
Lower 48		36.5	%		36.3	%		35.4	%		39.7	%		36.7	%		35.8	%					35.8	%
Canada		27.6	%		-343.5	%		31.4	%		28.0	%		17.6	%		29.8	%					29.8	%
Europe and North Africa		-269.7	%		64.4	%		83.7	%		62.6	%		192.1	%		65.3	%					65.3	%
Asia Pacific and Middle East		28.6	%		34.0	%		11.8	%		-6.7	%		758.7	%		90.8	%					90.8	%
Other International		36.5	%		53.2	%		37.9	%		40.3	%		43.5	%		24.3	%					24.3	%
Corporate and Other		23.3	%		36.1	%		28.9	%		78.2	%		43.1	%		29.1	%					29.1	%
Consolidated		179.8	%		-81.7	%		39.3	%		32.0	%		39.6	%		34.5	%					34.5	%
*Alaska including taxes other than income taxes.		47.0	%		49.9	%		56.4	%		23.1	%		98.6	%		61.2	%					61.2	%

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							2015													2016
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska		145			195			53			(389	)		4			(2	)					(2	)
Lower 48		(405	)		(293	)		(852	)		(382	)		(1,932	)		(820	)					(820	)
Canada		(158	)		(166	)		(145	)		(575	)		(1,044	)		(294	)					(294	)
Europe and North Africa		636			36			(5	)		(258	)		409			(51	)					(51	)
Asia Pacific and Middle East		395			328			258			(1,444	)		(463	)		(5	)					(5	)
Other International		(92	)		(147	)		(42	)		(312	)		(593	)		(24	)					(24	)
Corporate and Other		(249	)		(132	)		(338	)		(90	)		(809	)		(273	)					(273	)
Consolidated		272			(179	)		(1,071	)		(3,450	)		(4,428	)		(1,469	)					(1,469	)
SPECIAL ITEMS (AFTER-TAX)
Alaska		(1	)		-			(10	)		(467	)		(478	)		-						-
Lower 48		(16	)		-			(389	)		236			(169	)		(172	)					(172	)
Canada		(18	)		(106	)		(27	)		(197	)		(348	)		-						-
Europe and North Africa		551			(34	)		(7	)		(275	)		235			(60	)					(60	)
Asia Pacific and Middle East		(1	)		-			(44	)		(1,503	)		(1,548	)		-						-
Other International		-			(79	)		(1	)		(239	)		(319	)		-						-
Corporate and Other		(21	)		(41	)		(127	)		112			(77	)		(58	)					(58	)
Consolidated		494			(260	)		(605	)		(2,333	)		(2,704	)		(290	)					(290	)
ADJUSTED EARNINGS
Alaska		146			195			63			78			482			(2	)					(2	)
Lower 48		(389	)		(293	)		(463	)		(618	)		(1,763	)		(648	)					(648	)
Canada		(140	)		(60	)		(118	)		(378	)		(696	)		(294	)					(294	)
Europe and North Africa		85			70			2			17			174			9						9
Asia Pacific and Middle East		396			328			302			59			1,085			(5	)					(5	)
Other International		(92	)		(68	)		(41	)		(73	)		(274	)		(24	)					(24	)
Corporate and Other		(228	)		(91	)		(211	)		(202	)		(732	)		(215	)					(215	)
Consolidated		(222	)		81			(466	)		(1,117	)		(1,724	)		(1,179	)					(1,179	)
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska		35.2	%		36.3	%		8.4	%		-2.8	%		28.7	%		96.4	%					96.4	%
Lower 48		36.5	%		36.4	%		35.2	%		38.8	%		37.0	%		36.0	%					36.0	%
Canada		28.0	%		22.9	%		32.3	%		27.7	%		28.2	%		29.8	%					29.8	%
Europe and North Africa		55.6	%		59.1	%		124.4	%		655.3	%		50.4	%		135.4	%					135.4	%
Asia Pacific and Middle East		28.6	%		34.0	%		24.3	%		55.6	%		31.8	%		90.8	%					90.8	%
Other International		36.5	%		35.3	%		37.5	%		37.4	%		36.6	%		24.3	%					24.3	%
Corporate and Other		21.9	%		34.9	%		27.9	%		34.9	%		29.3	%		28.8	%					28.8	%
Consolidated		17.8	%		54.9	%		41.3	%		36.0	%		34.2	%		33.6	%					33.6	%
The income tax effects of the special items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides.

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							2015													2016
$ Millions	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
DETAILED SPECIAL ITEMS (AFTER-TAX)
Alaska
Restructuring		(1	)		-			(10	)		(1	)		(12	)		-						-
Impairments		-			-			-			(412	)		(412	)		-						-
Pending claims and settlements		-			-			-			(54	)		(54	)		-						-
Total		(1	)		-			(10	)		(467	)		(478	)		-						-
Lower 48
Restructuring		(16	)		-			(37	)		(8	)		(61	)		-						-
Impairments		-			-			(154	)		(124	)		(278	)		(172	)					(172	)
Rig termination		-			-			(246	)		-			(246	)		-						-
Depreciation volume adjustment		-			-			48			-			48			-						-
Gain (loss) on asset sales		-			-			-			368			368			-						-
Total		(16	)		-			(389	)		236			(169	)		(172	)					(172	)
Canada
Gain (loss) on asset sales		-			29			-			(104	)		(75	)		-						-
Impairments		-			-			-			(92	)		(92	)		-						-
Restructuring		(18	)		1			(27	)		(1	)		(45	)		-						-
International tax law changes		-			(136	)		-			-			(136	)		-						-
Total		(18	)		(106	)		(27	)		(197	)		(348	)		-						-
Europe and North Africa
Restructuring		(4	)		(1	)		(7	)		(4	)		(16	)		-						-
Impairments		-			(33	)		-			(320	)		(353	)		(60	)					(60	)
International tax law changes		555			-			-			-			555			-						-
Gain (loss) on asset sale		-			-			-			49			49			-						-
Total		551			(34	)		(7	)		(275	)		235			(60	)					(60	)
Asia Pacific and Middle East
Restructuring		(1	)		-			(3	)		-			(4	)		-						-
Impairments		-			-			(41	)		(1,503	)		(1,544	)		-						-
Total		(1	)		-			(44	)		(1,503	)		(1,548	)		-						-
Other International
Impairments		-			(107	)		-			(291	)		(398	)		-						-
Tax impact from country exit		-			28			-			-			28			-						-
Restructuring		-			-			(1	)		(1	)		(2	)		-						-
Gain (loss) on asset sales		-			-			-			53			53			-						-
Total		-			(79	)		(1	)		(239	)		(319	)		-						-
Corporate and Other
Restructuring		(21	)		(10	)		(71	)		(40	)		(142	)		-						-
Pension settlement expense		-			(38	)		(56	)		(49	)		(143	)		(58	)					(58	)
International tax law changes		-			7			-			-			7			-						-
Tax benefit on interest expense		-			-			-			209			209			-						-
Pending claims and settlements		-			-			-			(8	)		(8	)		-						-
Total		(21	)		(41	)		(127	)		112			(77	)		(58	)					(58	)
Total Company		494			(260	)		(605	)		(2,333	)		(2,704	)		(290	)					(290	)

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							2015													2016
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
$ Millions
CASH FLOW INFORMATION
Cash Flows from Operating Activities
Net income (loss)		286			(164	)		(1,056	)		(3,437	)		(4,371	)		(1,456	)					(1,456	)
Depreciation, depletion and amortization		2,131			2,329			2,271			2,382			9,113			2,247						2,247
Impairments		16			78			24			2,127			2,245			136						136
Dry hole costs and leasehold impairments		311			402			525			1,827			3,065			360						360
Accretion on discounted liabilities		121			122			122			118			483			109						109
Deferred taxes		(637	)		35			(682	)		(1,488	)		(2,772	)		(827	)					(827	)
Distributions received greater than equity losses
(undistributed equity earnings)		80			(121	)		(38	)		180			101			252						252
Gain on dispositions		(52	)		(52	)		(18	)		(469	)		(591	)		(23	)					(23	)
Other		(133	)		(321	)		195			580			321			(126	)					(126	)
Net working capital changes		(55	)		(334	)		591			(224	)		(22	)		(251	)					(251	)
Net Cash Provided by Operating Activities		2,068			1,974			1,934			1,596			7,572			421						421
Cash Flows from Investing Activities
Capital expenditures and investments		(3,332	)		(2,407	)		(2,174	)		(2,137	)		(10,050	)		(1,821	)					(1,821	)
Working capital changes associated with investing activities		(198	)		(480	)		(164	)		(126	)		(968	)		(134	)					(134	)
Proceeds from asset dispositions		173			121			29			1,629			1,952			135						135
Purchases of short-term investments		-			-			-			-			-			(302	)					(302	)
Long-term collections from related parties
and other investments		43			300			60			8			411			57						57
Net Cash Used in Investing Activities		(3,314	)		(2,466	)		(2,249	)		(626	)		(8,655	)		(2,065	)					(2,065	)
Cash Flows from Financing Activities
Net issuance (repayment) of debt		(57	)		2,493			(30	)		(11	)		2,395			4,530						4,530
Issuance of company common stock		(34	)		(12	)		(23	)		(13	)		(82	)		(42	)					(42	)
Dividends paid		(910	)		(909	)		(922	)		(923	)		(3,664	)		(313	)					(313	)
Other		(18	)		(17	)		(15	)		(28	)		(78	)		(38	)					(38	)
Net Cash Provided by (Used in) Financing Activities		(1,019	)		1,555			(990	)		(975	)		(1,429	)		4,137						4,137
Effect of Exchange Rate Changes		(133	)		86			(95	)		(40	)		(182	)		5						5
Net Change in Cash and Cash Equivalents		(2,398	)		1,149			(1,400	)		(45	)		(2,694	)		2,498						2,498
Cash and cash equivalents at beginning of period		5,062			2,664			3,813			2,413			5,062			2,368						2,368
Cash and Cash Equivalents at End of Period		2,664			3,813			2,413			2,368			2,368			4,866						4,866
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska		402			379			304			267			1,352			320						320
Lower 48		1,372			882			756			755			3,765			580						580
Canada		455			272			160			368			1,255			254						254
Europe and North Africa		500			367			364			342			1,573			303						303
Asia Pacific and Middle East		488			432			551			341			1,812			306						306
Other International		83			43			12			35			173			41						41
Corporate and Other		32			32			27			29			120			17						17
Total capital expenditures and investments		3,332			2,407			2,174			2,137			10,050			1,821						1,821

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					2015										2016
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr			Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS
Production
Total (MBOED)		1,610		1,595		1,554		1,599			1,589		1,578					1,578
Crude Oil (MBD)
Consolidated operations		603		589		558		598			587		605					605
Equity affiliates		19		19		19		16			18		12					12
Total		622		608		577		614			605		617					617
Over (under) lifting of crude oil (MBD)		17		17		32		(13	)		13		37					37
NGL (MBD)
Consolidated operations		148		152		148		146			149		139					139
Equity affiliates		7		8		8		7			7		7					7
Total		155		160		156		153			156		146					146
Bitumen (MBD)
Consolidated operations		12		12		12		18			13		27					27
Equity affiliates		144		126		145		137			138		139					139
Total		156		138		157		155			151		166					166
Natural Gas (MMCFD)
Consolidated operations		3,498		3,514		3,316		3,362			3,422		3,096					3,096
Equity affiliates		561		622		668		700			638		799					799
Total		4,059		4,136		3,984		4,062			4,060		3,895					3,895
Industry Prices
Crude Oil ($/BBL)
WTI		48.56		57.84		46.37		42.10			48.72		33.27					33.27
WCS		33.86		46.25		33.10		27.61			35.21		19.03					19.03
Brent dated		53.97		61.92		50.26		43.67			52.46		33.89					33.89
JCC ($/BBL)		89.63		55.45		59.63		57.50			65.55		45.97					45.97
Natural Gas ($/MMBTU)
Henry Hub first of month		2.99		2.65		2.77		2.27			2.67		2.09					2.09
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations		48.02		57.94		46.37		40.29			48.21		31.43					31.43
Equity affiliates		49.14		59.93		47.55		42.23			49.92		33.50					33.50
Total		48.05		58.00		46.41		40.35			48.26		31.47					31.47
NGL ($/BBL)
Consolidated operations		18.54		18.63		14.67		15.50			16.83		11.47					11.47
Equity affiliates		38.80		38.24		31.26		34.92			35.79		27.45					27.45
Total		19.60		19.62		15.54		16.42			17.79		12.30					12.30
Bitumen ($/BBL)
Consolidated operations		19.33		34.60		16.54		12.91			20.13		2.54					2.54
Equity affiliates		16.60		32.66		17.16		9.71			18.58		1.59					1.59
Total		16.82		32.84		17.12		10.07			18.72		1.74					1.74
Natural Gas ($/MCF)
Consolidated operations		4.28		3.80		3.78		3.32			3.80		2.85					2.85
Equity affiliates		7.48		4.42		4.37		3.57			4.83		3.56					3.56
Total		4.72		3.90		3.87		3.36			3.96		2.99					2.99
Exploration Expenses ($ Millions)
Dry holes		271		157		148		565			1,141		180					180
Leasehold impairment		40		245		377		1,262			1,924		180					180
Total noncash expenses		311		402		525		1,827			3,065		360					360
Other (G&A, G&G and lease rentals)*		171		147		536		273			1,127		145					145
Total exploration expenses		482		549		1,061		2,100			4,192		505					505
*3Q 2015 includes Gulf of Mexico deepwater drillship termination expense.
U.S. exploration expenses		220		153		772		1,119			2,264		443					443
International exploration expenses		262		396		289		981			1,928		62					62
DD&A ($ Millions)
Alaska		140		158		183		199			680		207					207
Lower 48		952		1,073		1,062		1,142			4,229		1,048					1,048
Canada		199		217		200		168			784		191					191
Europe and North Africa		417		481		485		458			1,841		378					378
Asia Pacific and Middle East		399		374		313		387			1,473		399					399
Corporate and Other		24		26		28		28			106		24					24
Total DD&A		2,131		2,329		2,271		2,382			9,113		2,247					2,247

5 of 8

					2015									2016
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Alaska		163		154		144		169		158		170					170
Lower 48		198		209		213		203		206		202					202
Canada		14		13		12		9		12		8					8
Norway		88		91		90		93		90		95					95
United Kingdom		32		29		26		33		30		30					30
Libya		-		-		-		-		-		-					-
Europe and North Africa		120		120		116		126		120		125					125
Australia/Timor-Leste		9		10		9		8		9		7					7
China		53		46		41		40		45		45					45
Indonesia		9		8		5		10		8		10					10
Malaysia		37		29		18		33		29		38					38
Equity affiliates		15		15		15		13		14		12					12
AP/ME		123		108		88		104		105		112					112
Equity affiliates		4		4		4		3		4		-					-
Other International		4		4		4		3		4		-					-
Total		622		608		577		614		605		617					617
NGL (MBD)
Alaska		14		13		10		14		13		14					14
Lower 48		93		97		95		93		94		86					86
Canada		25		26		27		25		26		25					25
Norway		3		2		3		3		3		3					3
United Kingdom		4		4		4		4		4		4					4
Europe and North Africa		7		6		7		7		7		7					7
Australia/Timor-Leste		6		7		6		5		6		4					4
Indonesia		3		3		3		2		3		3					3
Equity affiliates		7		8		8		7		7		7					7
AP/ME		16		18		17		14		16		14					14
Total		155		160		156		153		156		146					146
Bitumen (MBD)
Consolidated operations		12		12		12		18		13		27					27
Equity affiliates		144		126		145		137		138		139					139
Total		156		138		157		155		151		166					166
Natural Gas (MMCFD)
Alaska		52		41		34		41		42		38					38
Lower 48		1,505		1,501		1,457		1,426		1,472		1,216					1,216
Canada		736		768		712		643		715		566					566
Norway		163		143		142		165		153		174					174
United Kingdom		331		339		273		348		322		332					332
Libya		-		1		-		1		1		1					1
Europe and North Africa		494		483		415		514		476		507					507
Australia/Timor-Leste		276		294		282		297		288		309					309
China		3		3		1		1		2		1					1
Indonesia		430		417		408		431		421		445					445
Malaysia		2		7		7		9		6		14					14
Equity affiliates		561		622		668		700		638		799					799
AP/ME		1,272		1,343		1,366		1,438		1,355		1,568					1,568
Total		4,059		4,136		3,984		4,062		4,060		3,895					3,895
Total (MBOED)
Alaska		186		174		160		190		178		191					191
Lower 48		542		556		551		534		545		491					491
Consolidated operations		174		180		170		159		170		154					154
Equity affiliates		144		126		145		137		138		139					139
Canada		318		306		315		296		308		293					293
Norway		118		117		117		123		119		127					127
United Kingdom		91		89		75		95		88		89					89
Libya		-		-		-		-		-		-					-
Europe and North Africa		209		206		192		218		207		216					216
Australia/Timor-Leste		61		66		62		63		63		63					63
China		54		46		41		40		45		45					45
Indonesia		84		80		76		84		81		87					87
Malaysia		37		30		19		35		30		40					40
Equity affiliates		115		127		134		136		128		152					152
AP/ME		351		349		332		358		347		387					387
Equity affiliates		4		4		4		3		4		-					-
Other International		4		4		4		3		4		-					-
Total		1,610		1,595		1,554		1,599		1,589		1,578					1,578

6 of 8

					2015									2016
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska		50.74		61.51		50.48		43.73		51.61		32.54					32.54
Lower 48		40.77		52.01		41.56		35.89		42.62		27.04					27.04
Canada		37.12		46.58		38.44		34.58		39.52		26.11					26.11
Norway		55.72		62.39		50.56		43.28		53.29		35.15					35.15
United Kingdom		52.24		62.15		46.85		45.86		51.19		36.19					36.19
Libya		-		-		-		60.79		60.79		-					-
Europe and North Africa		54.30		62.35		49.86		44.01		52.75		35.47					35.47
Australia/Timor-Leste		50.58		60.38		50.45		42.11		51.41		36.86					36.86
China		48.99		57.26		43.31		36.27		46.54		27.29					27.29
Indonesia		43.64		61.28		36.15		38.77		45.40		32.70					32.70
Malaysia		56.33		65.51		52.84		44.95		55.23		37.87					37.87
AP/ME		51.20		60.55		46.81		39.57		49.70		33.11					33.11
Total consolidated operations		48.02		57.94		46.37		40.29		48.21		31.43					31.43
Equity affiliates		49.14		59.93		47.55		42.23		49.92		33.50					33.50
Total		48.05		58.00		46.41		40.35		48.26		31.47					31.47
NGL ($/BBL)
Consolidated operations
Lower 48		15.55		15.29		12.55		12.67		14.01		9.45					9.45
Canada		18.28		19.23		14.50		16.14		17.02		11.69					11.69
Norway		30.43		28.66		21.25		25.05		26.56		17.32					17.32
United Kingdom		29.69		30.90		26.72		26.75		28.29		19.65					19.65
Europe and North Africa		29.90		29.54		24.74		26.08		27.56		18.78					18.78
Australia/Timor-Leste		41.63		40.95		32.53		36.19		38.38		28.94					28.94
Indonesia		39.31		38.95		31.89		37.09		36.62		25.46					25.46
AP/ME		40.90		40.35		32.26		36.50		37.78		27.62					27.62
Total consolidated operations		18.54		18.63		14.67		15.50		16.83		11.47					11.47
Equity affiliates		38.80		38.24		31.26		34.92		35.79		27.45					27.45
Total		19.60		19.62		15.54		16.42		17.79		12.30					12.30
Bitumen ($/BBL)
Consolidated operations		19.33		34.60		16.54		12.91		20.13		2.54					2.54
Equity affiliates		16.60		32.66		17.16		9.71		18.58		1.59					1.59
Total		16.82		32.84		17.12		10.07		18.72		1.74					1.74
Natural Gas ($/MCF)
Consolidated operations
Alaska		4.29		4.50		4.26		4.25		4.33		4.84					4.84
Lower 48		2.60		2.38		2.65		2.09		2.43		1.80					1.80
Canada		2.21		1.88		1.94		1.58		1.91		1.20					1.20
Norway		7.67		6.84		6.79		5.18		6.59		4.03					4.03
United Kingdom		8.65		7.40		7.28		6.37		7.41		5.55					5.55
Libya		-		-		-		-		-		-					-
Europe and North Africa		8.33		7.23		7.11		5.99		7.14		5.03					5.03
Australia/Timor-Leste*		1.05		0.85		0.63		0.70		0.81		0.59					0.59
China		2.49		2.51		2.50		2.45		2.50		2.38					2.38
Indonesia		6.50		7.55		6.26		5.40		6.42		4.47					4.47
Malaysia		1.21		1.49		1.71		1.11		1.39		1.54					1.54
AP/ME		7.23		6.48		5.97		5.30		6.23		4.24					4.24
Total consolidated operations		4.28		3.80		3.78		3.32		3.80		2.85					2.85
Equity affiliates		7.48		4.42		4.37		3.57		4.83		3.56					3.56
Total		4.72		3.90		3.87		3.36		3.96		2.99					2.99
*Excludes transfers to Darwin LNG plant.

7 of 8

							2015													2016
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
CORPORATE AND OTHER
Corporate and Other Earnings (Loss) ($ Millions)		(249	)		(132	)		(338	)		(90	)		(809	)		(273	)					(273	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense*		(155	)		(161	)		(176	)		(26	)		(518	)		(222	)					(222	)
Corporate G&A expenses		(21	)		(71	)		(71	)		(83	)		(246	)		(85	)					(85	)
Technology**		(16	)		88			3			47			122			21						21
Other		(57	)		12			(94	)		(28	)		(167	)		13						13
Total		(249	)		(132	)		(338	)		(90	)		(809	)		(273	)					(273	)
*4Q 2015 includes a $209 million tax benefit on interest expense, from prior years, as shown on page 3.
**Includes investment in new technologies or businesses outside of our normal scope of operations and licensing revenues.
Before-Tax Net Interest Expense ($ Millions)
Interest expense		(296	)		(307	)		(305	)		(306	)		(1,214	)		(321	)					(321	)
Capitalized interest		94			97			65			38			294			40						40
Interest revenue		12			13			6			5			36			8						8
Total		(190	)		(197	)		(234	)		(263	)		(884	)		(273	)					(273	)
Debt
Total debt ($ Millions)		22,511			24,925			24,891			24,880			24,880			29,455						29,455
Debt-to-capital ratio (%)		31	%		34	%		36	%		38	%		38	%		43	%					43	%
Equity ($ Millions)		49,008			48,969			44,555			40,082			40,082			39,407						39,407

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

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