ConocoPhillips (COP) 8-K ConocoPhillips Reports First-Quarter 2017 Results; On Track to Deliver 2017 Operating Plan and Accelerate Value Proposition

Exhibit 99.2

	First-Quarter 2017 Detailed Supplemental Information
	2016															2017
	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		5,121			5,348			6,415			6,809			23,693			7,518						7,518
Equity in earnings (losses) of affiliates		(149	)		80			(60	)		181			52			200						200
Gain on dispositions		23			128			51			158			360			22						22
Other income		20			19			110			106			255			31						31
Total Revenues and Other Income		5,015			5,575			6,516			7,254			24,360			7,771						7,771
Costs and Expenses
Purchased commodities		2,225			2,002			2,819			2,948			9,994			3,191						3,191
Production and operating expenses		1,354			1,445			1,526			1,342			5,667			1,298						1,298
Selling, general and administrative expenses		186			167			203			167			723			157						157
Exploration expenses		505			610			457			343			1,915			258						258
Depreciation, depletion and amortization		2,247			2,329			2,425			2,061			9,062			1,979						1,979
Impairments		136			62			123			(182	)		139			175						175
Taxes other than income taxes		180			197			161			201			739			231						231
Accretion on discounted liabilities		109			112			108			96			425			95						95
Interest and debt expense		281			312			335			317			1,245			315						315
Foreign currency transaction (gains) losses		16			(17	)		13			(31	)		(19	)		10						10
Total Costs and Expenses		7,239			7,219			8,170			7,262			29,890			7,709						7,709
Income (loss) before income taxes		(2,224	)		(1,644	)		(1,654	)		(8	)		(5,530	)		62						62
Income tax provision (benefit)		(768	)		(586	)		(628	)		11			(1,971	)		(728	)					(728	)
Net Income (Loss)		(1,456	)		(1,058	)		(1,026	)		(19	)		(3,559	)		790						790
Less: net income attributable to noncontrolling interests		(13	)		(13	)		(14	)		(16	)		(56	)		(13	)					(13	)
Net Income (Loss) Attributable to ConocoPhillips		(1,469	)		(1,071	)		(1,040	)		(35	)		(3,615	)		777						777
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic		(1.18	)		(0.86	)		(0.84	)		(0.03	)		(2.91	)		0.62						0.62
Diluted		(1.18	)		(0.86	)		(0.84	)		(0.03	)		(2.91	)		0.62						0.62
Average Common Shares Outstanding (in thousands)
Basic		1,244,557			1,244,892			1,245,961			1,246,337			1,245,440			1,243,280						1,243,280
Diluted		1,244,557			1,244,892			1,245,961			1,246,337			1,245,440			1,249,188						1,249,188
INCOME (LOSS) BEFORE INCOME TAXES
Alaska		(52	)		98			36			179			261			6						6
Lower 48		(1,279	)		(1,213	)		(767	)		(327	)		(3,586	)		(268	)					(268	)
Canada		(418	)		(238	)		(442	)		(220	)		(1,318	)		(87	)					(87	)
Europe and North Africa		(146	)		14			(9	)		488			347			533						533
Asia Pacific and Middle East		89			157			19			305			570			392						392
Other International		(32	)		(38	)		(62	)		77			(55	)		(68	)					(68	)
Corporate and Other		(386	)		(424	)		(429	)		(510	)		(1,749	)		(446	)					(446	)
Consolidated		(2,224	)		(1,644	)		(1,654	)		(8	)		(5,530	)		62						62
EFFECTIVE INCOME TAX RATES
Alaska*		96.4	%		-50.1	%		-64.0	%		35.7	%		-22.5	%		295.2	%					295.2	%
Lower 48		35.8	%		36.5	%		36.0	%		46.4	%		37.0	%		36.1	%					36.1	%
Canada		29.8	%		26.3	%		28.9	%		30.9	%		29.1	%		1193.9	%					1193.9	%
Europe and North Africa		65.3	%		-41.6	%		1930.7	%		46.4	%		-13.3	%		67.8	%					67.8	%
Asia Pacific and Middle East		90.8	%		46.1	%		478.6	%		20.0	%		53.6	%		36.6	%					36.6	%
Other International		24.3	%		24.3	%		23.2	%		-10.8	%		71.3	%		29.6	%					29.6	%
Corporate and Other		29.1	%		21.2	%		24.7	%		22.1	%		24.1	%		22.0	%					22.0	%
Consolidated		34.5	%		35.6	%		38.0	%		-113.2	%		35.6	%		-1178.7	%					-1178.7	%
*Alaska including taxes other than income taxes.		61.2	%		15.5	%		36.4	%		55.2	%		38.5	%		111.9	%					111.9	%

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	2016															2017
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska		(2	)		147			59			115			319			(11	)					(11	)
Lower 48		(820	)		(771	)		(491	)		(175	)		(2,257	)		(171	)					(171	)
Canada		(294	)		(175	)		(314	)		(152	)		(935	)		948						948
Europe and North Africa		(51	)		20			163			262			394			171						171
Asia Pacific and Middle East		(5	)		72			(87	)		229			209			236						236
Other International		(24	)		(29	)		(47	)		84			(16	)		(48	)					(48	)
Corporate and Other		(273	)		(335	)		(323	)		(398	)		(1,329	)		(348	)					(348	)
Consolidated		(1,469	)		(1,071	)		(1,040	)		(35	)		(3,615	)		777						777
SPECIAL ITEMS
Alaska		-			93			(6	)		(1	)		86			(110	)					(110	)
Lower 48		(172	)		(148	)		(88	)		44			(364	)		-						-
Canada		-			-			(30	)		(51	)		(81	)		977						977
Europe and North Africa		(60	)		-			160			180			280			-						-
Asia Pacific and Middle East		-			-			(174	)		47			(127	)		-						-
Other International		-			-			-			138			138			(28	)					(28	)
Corporate and Other		(58	)		(31	)		(76	)		(74	)		(239	)		(43	)					(43	)
Consolidated		(290	)		(86	)		(214	)		283			(307	)		796						796
Detailed reconciliation of these items is provided on page 3.
ADJUSTED EARNINGS
Alaska		(2	)		54			65			116			233			99						99
Lower 48		(648	)		(623	)		(403	)		(219	)		(1,893	)		(171	)					(171	)
Canada		(294	)		(175	)		(284	)		(101	)		(854	)		(29	)					(29	)
Europe and North Africa		9			20			3			82			114			171						171
Asia Pacific and Middle East		(5	)		72			87			182			336			236						236
Other International		(24	)		(29	)		(47	)		(54	)		(154	)		(20	)					(20	)
Corporate and Other		(215	)		(304	)		(247	)		(324	)		(1,090	)		(305	)					(305	)
Consolidated		(1,179	)		(985	)		(826	)		(318	)		(3,308	)		(19	)					(19	)
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska		96.4	%		-28.5	%		-41.6	%		35.9	%		-7.7	%		44.9	%					44.9	%
Lower 48		36.0	%		35.6	%		36.1	%		36.6	%		36.0	%		36.1	%					36.1	%
Canada		29.8	%		26.3	%		27.9	%		32.7	%		28.8	%		50.9	%					50.9	%
Europe and North Africa		135.4	%		-41.6	%		136.9	%		54.1	%		28.3	%		67.8	%					67.8	%
Asia Pacific and Middle East		90.8	%		46.1	%		47.2	%		35.5	%		47.4	%		36.6	%					36.6	%
Other International		24.3	%		24.3	%		23.2	%		23.3	%		23.6	%		20.4	%					20.4	%
Corporate and Other		28.8	%		20.0	%		21.8	%		19.6	%		22.2	%		21.1	%					21.1	%
Consolidated		33.6	%		31.0	%		30.7	%		0.4	%		29.9	%		101.7	%					101.7	%

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	2016															2017
$ Millions	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
DETAILED SPECIAL ITEMS
Alaska
Restructuring		-			-			(10	)		(2	)		(12	)		-						-
Gain (loss) on asset sales		-			56			-			-			56			-						-
Impairments		-			-			-			-			-			(174	)					(174	)
Subtotal before income taxes		-			56			(10	)		(2	)		44			(174	)					(174	)
Income tax provision (benefit)*		-			(37	)		(4	)		(1	)		(42	)		(64	)					(64	)
Total		-			93			(6	)		(1	)		86			(110	)					(110	)
Lower 48
Restructuring		-			-			(35	)		(4	)		(39	)		-						-
Impairments		(266	)		(246	)		-			(69	)		(581	)		-						-
Rig termination		-			-			(134	)		-			(134	)		-						-
Pending claims and settlements		-			-			33			-			33			-						-
Minnesota iron ore reversionary interest		-			-			-			92			92			-						-
Subtotal before income taxes		(266	)		(246	)		(136	)		19			(629	)		-						-
Income tax provision (benefit)*		(94	)		(98	)		(48	)		(25	)		(265	)		-						-
Total		(172	)		(148	)		(88	)		44			(364	)		-						-
Canada
Gain (loss) on asset sales		-			-			37			-			37			-						-
Impairments		-			-			(57	)		(70	)		(127	)		-						-
Restructuring		-			-			(28	)		-			(28	)		(27	)					(27	)
Subtotal before income taxes		-			-			(48	)		(70	)		(118	)		(27	)					(27	)
Income tax provision (benefit)**		-			-			(18	)		(19	)		(37	)		(1,004	)					(1,004	)
Total		-			-			(30	)		(51	)		(81	)		977						977
Europe and North Africa
Restructuring		-			-			(2	)		(1	)		(3	)		-						-
Impairments		(119	)		-			-			311			192			-						-
Subtotal before income taxes		(119	)		-			(2	)		310			189			-						-
Income tax provision (benefit)***		(59	)		-			(162	)		130			(91	)		-						-
Total		(60	)		-			160			180			280			-						-
Asia Pacific and Middle East
APLNG tax functional currency change		-			-			(174	)		-			(174	)		-						-
Subtotal before income taxes		-			-			(174	)		-			(174	)		-						-
Income tax provision (benefit)****		-			-			-			(47	)		(47	)		-						-
Total		-			-			(174	)		47			(127	)		-						-
Other International
Gain (loss) on asset sales		-			-			-			146			146			-						-
Rig termination		-			-			-			-			-			(43	)					(43	)
Subtotal before income taxes		-			-			-			146			146			(43	)					(43	)
Income tax provision (benefit)		-			-			-			8			8			(15	)					(15	)
Total		-			-			-			138			138			(28	)					(28	)
Corporate and Other
Restructuring		-			-			(70	)		(6	)		(76	)		-						-
Pension settlement expense		(83	)		(45	)		(23	)		(52	)		(203	)		(60	)					(60	)
Impairments		-			-			-			(50	)		(50	)		-						-
Pending claims and settlements		-			-			(20	)		-			(20	)		-						-
Subtotal before income taxes		(83	)		(45	)		(113	)		(108	)		(349	)		(60	)					(60	)
Income tax provision (benefit)		(25	)		(14	)		(37	)		(34	)		(110	)		(17	)					(17	)
Total		(58	)		(31	)		(76	)		(74	)		(239	)		(43	)					(43	)
Total Company		(290	)		(86	)		(214	)		283			(307	)		796						796
*Includes deferred tax adjustment in 2Q 2016.
**Includes tax adjustment related to Canadian disposition in 1Q 2017.											��
***Includes international tax law change for 3Q 2016 in Europe and North Africa.
****Includes Malaysia deferred tax recognition in 4Q 2016.

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	2016															2017
	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)		(1,456	)		(1,058	)		(1,026	)		(19	)		(3,559	)		790						790
Depreciation, depletion and amortization		2,247			2,329			2,425			2,061			9,062			1,979						1,979
Impairments		136			62			123			(182	)		139			175						175
Dry hole costs and leasehold impairments		360			463			187			174			1,184			113						113
Accretion on discounted liabilities		109			112			108			96			425			95						95
Deferred taxes		(827	)		(630	)		(695	)		(69	)		(2,221	)		(1,212	)					(1,212	)
Distributions received greater than equity losses
(undistributed equity earnings)		252			(30	)		192			(115	)		299			(43	)					(43	)
Gain on dispositions		(23	)		(128	)		(51	)		(158	)		(360	)		(22	)					(22	)
Other		(126	)		109			(33	)		(35	)		(85	)		(47	)					(47	)
Net working capital changes		(251	)		30			50			(310	)		(481	)		(38	)					(38	)
Net Cash Provided by Operating Activities		421			1,259			1,280			1,443			4,403			1,790						1,790
Cash Flows from Investing Activities
Capital expenditures and investments		(1,821	)		(1,133	)		(916	)		(999	)		(4,869	)		(948	)					(948	)
Working capital changes associated with investing     activities		(134	)		(229	)		(38	)		70			(331	)		(44	)					(44	)
Proceeds from asset dispositions		135			228			56			867			1,286			35						35
Net sales (purchases) of short-term investments		(302	)		(990	)		1,063			178			(51	)		(203	)					(203	)
Long-term collections from (advances to)
related parties and other investments		57			2			110			(63	)		106			186						186
Net Cash Provided by (Used in) Investing Activities		(2,065	)		(2,122	)		275			53			(3,859	)		(974	)					(974	)
Cash Flows from Financing Activities
Net issuance (repayment) of debt		4,530			(763	)		(12	)		(1,412	)		2,343			(839	)					(839	)
Issuance of company common stock		(42	)		(3	)		(7	)		(11	)		(63	)		(46	)					(46	)
Repurchase of company common stock		-			-			-			(126	)		(126	)		(112	)					(112	)
Dividends paid		(313	)		(313	)		(314	)		(313	)		(1,253	)		(331	)					(331	)
Other		(38	)		(41	)		(14	)		(44	)		(137	)		(16	)					(16	)
Net Cash Provided by (Used in) Financing Activities		4,137			(1,120	)		(347	)		(1,906	)		764			(1,344	)					(1,344	)
Effect of Exchange Rate Changes		5			(20	)		19			(70	)		(66	)		27						27
Net Change in Cash and Cash Equivalents		2,498			(2,003	)		1,227			(480	)		1,242			(501	)					(501	)
Cash and cash equivalents at beginning of period		2,368			4,866			2,863			4,090			2,368			3,610						3,610
Cash and Cash Equivalents at End of Period		4,866			2,863			4,090			3,610			3,610			3,109						3,109
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska		320			183			199			181			883			228						228
Lower 48		580			237			175			270			1,262			325						325
Canada		254			214			85			145			698			62						62
Europe and North Africa		303			271			227			219			1,020			200						200
Asia Pacific and Middle East		306			179			215			138			838			109						109
Other International		41			37			3			23			104			5						5
Corporate and Other		17			12			12			23			64			19						19
Total Capital Expenditures and Investments		1,821			1,133			916			999			4,869			948						948

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	2016												2017
	1st Qtr		2nd Qtr			3rd Qtr		4th Qtr			Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS
Production
Total (MBOED)		1,578		1,546			1,557		1,596			1,569		1,593					1,593
Crude Oil (MBD)
Consolidated operations		605		577			571		582			584		588					588
Equity affiliates		12		15			15		14			14		13					13
Total		617		592			586		596			598		601					601
Over (under) lifting of crude oil (MBD)		37		(8	)		45		(30	)		11		36					36
NGL (MBD)
Consolidated operations		139		137			140		133			137		127					127
Equity affiliates		7		8			8		10			8		7					7
Total		146		145			148		143			145		134					134
Bitumen (MBD)
Consolidated operations		27		19			41		50			35		52					52
Equity affiliates		139		141			152		163			148		171					171
Total		166		160			193		213			183		223					223
Natural Gas (MMCFD)
Consolidated operations		3,096		2,991			2,829		2,916			2,958		2,874					2,874
Equity affiliates		799		902			948		947			899		935					935
Total		3,895		3,893			3,777		3,863			3,857		3,809					3,809
Industry Prices
Crude Oil ($/BBL)
WTI		33.27		45.48			44.88		49.18			43.20		51.83					51.83
WCS		19.03		32.18			31.38		34.85			29.36		37.25					37.25
Brent dated		33.89		45.57			45.85		49.46			43.69		53.78					53.78
JCC ($/BBL)		45.97		33.09			41.30		46.14			41.63		47.21					47.21
Natural Gas ($/MMBTU)
Henry Hub first of month		2.09		1.95			2.81		2.98			2.46		3.32					3.32
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations		31.43		42.63			43.18		46.96			40.78		50.86					50.86
Equity affiliates		33.50		46.35			44.78		50.82			44.11		55.58					55.58
Total		31.47		42.72			43.21		47.05			40.86		50.97					50.97
NGL ($/BBL)
Consolidated operations		11.47		15.76			15.63		20.23			15.72		23.81					23.81
Equity affiliates		27.45		29.18			25.12		39.27			31.13		43.20					43.20
Total		12.30		16.55			16.18		21.82			16.68		24.87					24.87
Bitumen ($/BBL)
Consolidated operations		2.54		13.76			15.73		15.72			12.91		15.63					15.63
Equity affiliates		1.59		18.74			18.39		23.36			15.80		23.63					23.63
Total		1.74		18.11			17.82		21.64			15.27		21.56					21.56
Natural Gas ($/MCF)
Consolidated operations		2.85		2.54			3.11		3.53			3.00		3.78					3.78
Equity affiliates		3.56		2.32			2.90		3.17			2.97		4.00					4.00
Total		2.99		2.49			3.05		3.44			3.00		3.84					3.84
Exploration Expenses ($ Millions)
Dry holes		180		249			163		126			718		101					101
Leasehold impairment		180		214			24		48			466		12					12
Total noncash expenses		360		463			187		174			1,184		113					113
Other (G&A, G&G and lease rentals)		145		147			270		169			731		145					145
Total exploration expenses		505		610			457		343			1,915		258					258
U.S. exploration expenses		443		559			199		76			1,277		134					134
International exploration expenses		62		51			258		267			638		124					124
DD&A ($ Millions)
Alaska		207		235			214		211			867		234					234
Lower 48		1,048		1,148			1,152		861			4,209		819					819
Canada		191		203			275		218			887		196					196
Europe and North Africa		378		320			373		342			1,413		346					346
Asia Pacific and Middle East		399		399			386		378			1,562		350					350
Other International		-		-			-		1			1		-					-
Corporate and Other		24		24			25		50			123		34					34
Total DD&A		2,247		2,329			2,425		2,061			9,062		1,979					1,979

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	2016										2017
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Alaska		170		163		148		170		163		175					175
Lower 48		202		206		195		176		195		176					176
Canada		8		8		7		6		7		6					6
Norway		95		78		98		99		93		103					103
United Kingdom		30		27		23		29		27		28					28
Libya		-		-		-		9		2		9					9
Europe and North Africa		125		105		121		137		122		140					140
Australia/Timor-Leste		7		8		10		7		8		7					7
China		45		42		40		37		41		41					41
Indonesia		10		8		9		5		8		2					2
Malaysia		38		37		41		44		40		41					41
Equity affiliates		12		15		15		14		14		13					13
AP/ME		112		110		115		107		111		104					104
Total		617		592		586		596		598		601					601
NGL (MBD)
Alaska		14		11		11		15		12		15					15
Lower 48		86		90		92		83		88		75					75
Canada		25		22		23		21		23		23					23
Norway		3		2		3		3		3		4					4
United Kingdom		4		4		3		4		4		5					5
Europe and North Africa		7		6		6		7		7		9					9
Australia/Timor-Leste		4		5		7		5		5		5					5
Indonesia		3		3		1		2		2		-					-
Equity affiliates		7		8		8		10		8		7					7
AP/ME		14		16		16		17		15		12					12
Total		146		145		148		143		145		134					134
Bitumen (MBD)
Consolidated operations		27		19		41		50		35		52					52
Equity affiliates		139		141		152		163		148		171					171
Total		166		160		193		213		183		223					223
Natural Gas (MMCFD)
Alaska		38		27		18		16		25		7					7
Lower 48		1,216		1,244		1,224		1,192		1,219		1,116					1,116
Canada		566		532		517		483		524		488					488
Norway		174		133		127		183		154		213					213
United Kingdom		332		324		230		333		305		328					328
Libya		1		1		1		2		1		3					3
Europe and North Africa		507		458		358		518		460		544					544
Australia/Timor-Leste		309		312		260		274		289		284					284
China		1		1		1		-		1		-					-
Indonesia		445		382		399		344		393		327					327
Malaysia		14		35		52		89		47		108					108
Equity affiliates		799		902		948		947		899		935					935
AP/ME		1,568		1,632		1,660		1,654		1,629		1,654					1,654
Total		3,895		3,893		3,777		3,863		3,857		3,809					3,809
Total (MBOED)
Alaska		191		179		162		187		179		191					191
Lower 48		491		503		491		458		486		437					437
Consolidated operations		154		138		157		158		152		162					162
Equity affiliates		139		141		152		163		148		171					171
Canada		293		279		309		321		300		333					333
Norway		127		102		122		133		121		143					143
United Kingdom		89		85		65		88		82		88					88
Libya		-		-		-		9		2		9					9
Europe and North Africa		216		187		187		230		205		240					240
Australia/Timor-Leste		63		65		60		58		61		59					59
China		45		42		40		37		41		41					41
Indonesia		87		75		77		64		76		57					57
Malaysia		40		43		50		59		48		59					59
Equity affiliates		152		173		181		182		173		176					176
AP/ME		387		398		408		400		399		392					392
Total		1,578		1,546		1,557		1,596		1,569		1,593					1,593

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	2016										2017
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska		32.54		44.39		43.43		48.15		41.93		52.09					52.09
Lower 48		27.04		39.50		40.09		44.15		37.49		45.89					45.89
Canada		26.11		37.70		37.50		41.50		35.25		43.82					43.82
Norway		35.15		45.90		47.00		49.15		44.09		54.14					54.14
United Kingdom		36.19		45.06		44.91		48.17		42.14		50.09					50.09
Libya		-		-		-		-		-		52.98					52.98
Europe and North Africa		35.47		45.77		46.59		48.93		43.66		53.34					53.34
Australia/Timor-Leste		36.86		47.21		46.19		48.54		44.06		53.85					53.85
China		27.29		38.26		39.83		45.19		37.64		50.31					50.31
Indonesia		32.70		44.82		41.98		37.18		39.08		42.45					42.45
Malaysia		37.87		49.15		48.46		52.52		47.06		58.13					58.13
AP/ME		33.11		43.55		44.27		48.40		42.23		53.74					53.74
Total consolidated operations		31.43		42.63		43.18		46.96		40.78		50.86					50.86
Equity affiliates		33.50		46.35		44.78		50.82		44.11		55.58					55.58
Total		31.47		42.72		43.21		47.05		40.86		50.97					50.97
NGL ($/BBL)
Consolidated operations
Lower 48		9.45		14.59		14.57		18.83		14.34		22.07					22.07
Canada		11.69		13.70		14.99		19.52		14.82		21.32					21.32
Norway		17.32		19.20		19.08		22.52		19.57		31.77					31.77
United Kingdom		19.65		22.96		22.77		28.79		23.96		30.32					30.32
Europe and North Africa		18.78		22.16		21.38		26.95		22.62		31.21					31.21
Australia/Timor-Leste		28.94		29.81		26.16		35.85		29.69		42.96					42.96
Indonesia		25.46		29.43		24.36		30.04		27.36		-					-
AP/ME		27.62		29.67		25.84		34.30		29.00		42.96					42.96
Total consolidated operations		11.47		15.76		15.63		20.23		15.72		23.81					23.81
Equity affiliates		27.45		29.18		25.12		39.27		31.13		43.20					43.20
Total		12.30		16.55		16.18		21.82		16.68		24.87					24.87
Bitumen ($/BBL)
Consolidated operations		2.54		13.76		15.73		15.72		12.91		15.63					15.63
Equity affiliates		1.59		18.74		18.39		23.36		15.80		23.63					23.63
Total		1.74		18.11		17.82		21.64		15.27		21.56					21.56
Natural Gas ($/MCF)
Consolidated operations
Alaska		4.84		4.82		6.95		5.38		5.22		3.53					3.53
Lower 48		1.80		1.70		2.59		2.72		2.20		2.83					2.83
Canada		1.20		0.95		1.71		2.18		1.49		1.95					1.95
Norway		4.03		3.22		3.54		4.59		3.92		5.52					5.52
United Kingdom		5.55		4.74		4.50		5.50		5.12		6.07					6.07
Libya		-		-		-		-		-		-					-
Europe and North Africa		5.03		4.30		4.13		5.17		4.71		5.86					5.86
Australia/Timor-Leste*		0.59		0.56		0.47		0.56		0.54		0.57					0.57
China		2.38		2.38		2.34		2.30		2.36		-					-
Indonesia		4.47		5.18		5.61		5.77		5.22		6.52					6.52
Malaysia		1.54		2.38		2.33		2.74		2.48		2.82					2.82
AP/ME		4.24		3.96		4.42		4.62		4.31		4.96					4.96
Total consolidated operations		2.85		2.54		3.11		3.53		3.00		3.78					3.78
Equity affiliates		3.56		2.32		2.90		3.17		2.97		4.00					4.00
Total		2.99		2.49		3.05		3.44		3.00		3.84					3.84
*Excludes transfers to Darwin LNG plant.

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	2016															2017
	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)		(273	)		(335	)		(323	)		(398	)		(1,329	)		(348	)					(348	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense		(222	)		(234	)		(258	)		(266	)		(980	)		(253	)					(253	)
Corporate G&A expenses		(85	)		(72	)		(54	)		(78	)		(289	)		(93	)					(93	)
Technology*		21			1			44			(16	)		50			9						9
Other		13			(30	)		(55	)		(38	)		(110	)		(11	)					(11	)
Total		(273	)		(335	)		(323	)		(398	)		(1,329	)		(348	)					(348	)
*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		(321	)		(355	)		(377	)		(349	)		(1,402	)		(340	)					(340	)
Capitalized interest		40			43			42			32			157			25						25
Interest revenue		8			14			21			3			46			11						11
Total		(273	)		(298	)		(314	)		(314	)		(1,199	)		(304	)					(304	)
Debt
Total debt ($ Millions)		29,455			28,677			28,689			27,275			27,275			26,435						26,435
Debt-to-capital ratio (%)		43	%		43	%		44	%		44	%		44	%		42	%					42	%
Equity ($ Millions)		39,407			37,831			36,456			35,226			35,226			35,792						35,792

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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