ConocoPhillips (COP) 8-K ConocoPhillips Reports Second-Quarter 2017 Results and Significant Progress on Strategic, Financial and Operational Priorities

Exhibit 99.2

Second-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			6,781					14,299
Equity in earnings (losses) of affiliates		(149	)		80			(60	)		181			52			200			178					378
Gain on dispositions		23			128			51			158			360			22			1,876					1,898
Other income		20			19			110			106			255			31			47					78
Total Revenues and Other Income		5,015			5,575			6,516			7,254			24,360			7,771			8,882					16,653
Costs and Expenses
Purchased commodities		2,225			2,002			2,819			2,948			9,994			3,192			2,922					6,114
Production and operating expenses		1,354			1,445			1,526			1,342			5,667			1,298			1,327					2,625
Selling, general and administrative expenses		186			167			203			167			723			157			134					291
Exploration expenses		505			610			457			343			1,915			551			98					649
Depreciation, depletion and amortization		2,247			2,329			2,425			2,061			9,062			1,979			1,625					3,604
Impairments		136			62			123			(182	)		139			175			6,294					6,469
Taxes other than income taxes		180			197			161			201			739			231			198					429
Accretion on discounted liabilities		109			112			108			96			425			95			92					187
Interest and debt expense		281			312			335			317			1,245			315			306					621
Foreign currency transaction (gains) losses		16			(17	)		13			(31	)		(19	)		10			13					23
Other expense		-			-			-			-			-			-			234					234
Total Costs and Expenses		7,239			7,219			8,170			7,262			29,890			8,003			13,243					21,246
Loss before income taxes		(2,224	)		(1,644	)		(1,654	)		(8	)		(5,530	)		(232	)		(4,361	)				(4,593	)
Income tax provision (benefit)		(768	)		(586	)		(628	)		11			(1,971	)		(831	)		(935	)				(1,766	)
Net Income (Loss)		(1,456	)		(1,058	)		(1,026	)		(19	)		(3,559	)		599			(3,426	)				(2,827	)
Less: net income attributable to noncontrolling interests		(13	)		(13	)		(14	)		(16	)		(56	)		(13	)		(14	)				(27	)
Net Income (Loss) Attributable to ConocoPhillips		(1,469	)		(1,071	)		(1,040	)		(35	)		(3,615	)		586			(3,440	)				(2,854	)
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic		(1.18	)		(0.86	)		(0.84	)		(0.03	)		(2.91	)		0.47			(2.78	)				(2.30	)
Diluted		(1.18	)		(0.86	)		(0.84	)		(0.03	)		(2.91	)		0.47			(2.78	)				(2.30	)
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			1,236,831					1,240,037
Diluted		1,244,557			1,244,892			1,245,961			1,246,337			1,245,440			1,248,722			1,236,831					1,240,037
*Ending Common Shares Outstanding is 1,216,949 as of Jun. 30, 2017, compared with 1,237,104 as of Mar. 31, 2017.
INCOME (LOSS) BEFORE INCOME TAXES
Alaska		(52	)		98			36			179			261			6			215					221
Lower 48		(1,279	)		(1,213	)		(767	)		(327	)		(3,586	)		(562	)		(4,013	)				(4,575	)
Canada		(418	)		(238	)		(442	)		(220	)		(1,318	)		(87	)		1,846					1,759
Europe and North Africa		(146	)		14			(9	)		488			347			533			276					809
Asia Pacific and Middle East		89			157			19			305			570			392			(2,052	)				(1,660	)
Other International		(32	)		(38	)		(62	)		77			(55	)		(68	)		(11	)				(79	)
Corporate and Other		(386	)		(424	)		(429	)		(510	)		(1,749	)		(446	)		(622	)				(1,068	)
Consolidated		(2,224	)		(1,644	)		(1,654	)		(8	)		(5,530	)		(232	)		(4,361	)				(4,593	)
EFFECTIVE INCOME TAX RATES
Alaska*		96.4	%		-50.1	%		-64.0	%		35.7	%		-22.5	%		295.2	%		7.4	%				14.8	%
Lower 48		35.8	%		36.5	%		36.0	%		46.4	%		37.0	%		35.5	%		36.8	%				36.6	%
Canada		29.8	%		26.3	%		28.9	%		30.9	%		29.1	%		1193.9	%		25.2	%				-32.3	%
Europe and North Africa		65.3	%		-41.6	%		1930.7	%		46.4	%		-13.3	%		67.8	%		55.5	%				63.6	%
Asia Pacific and Middle East		90.8	%		46.1	%		478.6	%		20.0	%		53.6	%		36.6	%		-5.2	%				-15.0	%
Other International		24.3	%		24.3	%		23.2	%		-10.8	%		71.3	%		29.6	%		14.2	%				27.4	%
Corporate and Other		29.1	%		21.2	%		24.7	%		22.1	%		24.1	%		22.0	%		31.8	%				27.7	%
Consolidated		34.5	%		35.6	%		38.0	%		-113.2	%		35.6	%		359.0	%		21.4	%				38.4	%
*Alaska including taxes other than income taxes.		61.2	%		15.5	%		36.4	%		55.2	%		38.5	%		111.9	%		32.2	%				51.3	%

1 of 8

	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	)		199					188
Lower 48		(820	)		(771	)		(491	)		(175	)		(2,257	)		(362	)		(2,536	)				(2,898	)
Canada		(294	)		(175	)		(314	)		(152	)		(935	)		948			1,379					2,327
Europe and North Africa		(51	)		20			163			262			394			171			123					294
Asia Pacific and Middle East		(5	)		72			(87	)		229			209			236			(2,172	)				(1,936	)
Other International		(24	)		(29	)		(47	)		84			(16	)		(48	)		(9	)				(57	)
Corporate and Other		(273	)		(335	)		(323	)		(398	)		(1,329	)		(348	)		(424	)				(772	)
Consolidated		(1,469	)		(1,071	)		(1,040	)		(35	)		(3,615	)		586			(3,440	)				(2,854	)
SPECIAL ITEMS
Alaska		-			93			(6	)		(1	)		86			(110	)		32					(78	)
Lower 48		(172	)		(148	)		(88	)		44			(364	)		(33	)		(2,464	)				(2,497	)
Canada		-			-			(30	)		(51	)		(81	)		977			1,366					2,343
Europe and North Africa		(60	)		-			160			180			280			-			41					41
Asia Pacific and Middle East		-			-			(174	)		47			(127	)		-			(2,384	)				(2,384	)
Other International		-			-			-			138			138			(28	)		-					(28	)
Corporate and Other		(58	)		(31	)		(76	)		(74	)		(239	)		(43	)		(209	)				(252	)
Consolidated		(290	)		(86	)		(214	)		283			(307	)		763			(3,618	)				(2,855	)
Detailed reconciliation of these items is provided on page 3.
ADJUSTED EARNINGS
Alaska		(2	)		54			65			116			233			99			167					266
Lower 48		(648	)		(623	)		(403	)		(219	)		(1,893	)		(329	)		(72	)				(401	)
Canada		(294	)		(175	)		(284	)		(101	)		(854	)		(29	)		13					(16	)
Europe and North Africa		9			20			3			82			114			171			82					253
Asia Pacific and Middle East		(5	)		72			87			182			336			236			212					448
Other International		(24	)		(29	)		(47	)		(54	)		(154	)		(20	)		(9	)				(29	)
Corporate and Other		(215	)		(304	)		(247	)		(324	)		(1,090	)		(305	)		(215	)				(520	)
Consolidated		(1,179	)		(985	)		(826	)		(318	)		(3,308	)		(177	)		178					1
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska		96.4	%		-28.5	%		-41.6	%		35.9	%		-7.7	%		44.9	%		22.3	%				32.6	%
Lower 48		36.0	%		35.6	%		36.1	%		36.6	%		36.0	%		35.5	%		37.9	%				36.0	%
Canada		29.8	%		26.3	%		27.9	%		32.7	%		28.8	%		50.9	%		-83.2	%				69.9	%
Europe and North Africa		135.4	%		-41.6	%		136.9	%		54.1	%		28.3	%		67.8	%		70.4	%				68.7	%
Asia Pacific and Middle East		90.8	%		46.1	%		47.2	%		35.5	%		47.4	%		36.6	%		31.9	%				34.4	%
Other International		24.3	%		24.3	%		23.2	%		23.3	%		23.6	%		20.4	%		14.2	%				18.5	%
Corporate and Other		28.8	%		20.0	%		21.8	%		19.6	%		22.2	%		21.1	%		39.2	%				29.7	%
Consolidated		33.6	%		31.0	%		30.7	%		0.4	%		29.9	%		232.5	%		45.2	%				94.2	%

2 of 8

	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	)		(32	)				(96	)
Total		-			93			(6	)		(1	)		86			(110	)		32					(78	)
Lower 48
Restructuring		-			-			(35	)		(4	)		(39	)		-			(15	)				(15	)
Impairments		(266	)		(246	)		-			(69	)		(581	)		(51	)		(3,882	)				(3,933	)
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	)		(51	)		(3,897	)				(3,948	)
Income tax provision (benefit)*		(94	)		(98	)		(48	)		(25	)		(265	)		(18	)		(1,433	)				(1,451	)
Total		(172	)		(148	)		(88	)		44			(364	)		(33	)		(2,464	)				(2,497	)
Canada
Gain (loss) on asset sales		-			-			37			-			37			-			1,855					1,855
Impairments		-			-			(57	)		(70	)		(127	)		-			(18	)				(18	)
Restructuring		-			-			(28	)		-			(28	)		(27	)		1					(26	)
Subtotal before income taxes		-			-			(48	)		(70	)		(118	)		(27	)		1,838					1,811
Income tax provision (benefit)**		-			-			(18	)		(19	)		(37	)		(1,004	)		472					(532	)
Total		-			-			(30	)		(51	)		(81	)		977			1,366					2,343
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	)		-			(41	)				(41	)
Total		(60	)		-			160			180			280			-			41					41
Asia Pacific and Middle East
APLNG tax functional currency change		-			-			(174	)		-			(174	)		-			-					-
Impairments		-			-			-			-			-			-			(2,384	)				(2,384	)
Subtotal before income taxes		-			-			(174	)		-			(174	)		-			(2,384	)				(2,384	)
Income tax provision (benefit)****		-			-			-			(47	)		(47	)		-			-					-
Total		-			-			(174	)		47			(127	)		-			(2,384	)				(2,384	)
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	)		(36	)				(96	)
Impairments		-			-			-			(50	)		(50	)		-			-					-
Pending claims and settlements		-			-			(20	)		-			(20	)		-			2					2
Premiums on early debt retirement		-			-			-			-			-			-			(234	)				(234	)
Subtotal before income taxes		(83	)		(45	)		(113	)		(108	)		(349	)		(60	)		(268	)				(328	)
Income tax provision (benefit)		(25	)		(14	)		(37	)		(34	)		(110	)		(17	)		(59	)				(76	)
Total		(58	)		(31	)		(76	)		(74	)		(239	)		(43	)		(209	)				(252	)
Total Company		(290	)		(86	)		(214	)		283			(307	)		763			(3,618	)				(2,855	)
*Includes deferred tax adjustment in 2Q 2016 and 2Q 2017 in Lower 48 and Alaska and pending claims and settlements in 2Q 2017 in Alaska.
**Includes tax adjustment related to Canadian disposition in 1Q 2017.
***Includes international tax law change for 3Q 2016 and pending claims and settlements in 2Q 2017.
****Includes Malaysia deferred tax recognition in 4Q 2016.

3 of 8

	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	)		599			(3,426	)				(2,827	)
Depreciation, depletion and amortization		2,247			2,329			2,425			2,061			9,062			1,979			1,625					3,604
Impairments		136			62			123			(182	)		139			175			6,294					6,469
Dry hole costs and leasehold impairments		360			463			187			174			1,184			406			22					428
Accretion on discounted liabilities		109			112			108			96			425			95			92					187
Deferred taxes		(827	)		(630	)		(695	)		(69	)		(2,221	)		(1,314	)		(1,234	)				(2,548	)
Distributions received greater than equity   losses (undistributed equity earnings)		252			(30	)		192			(115	)		299			(43	)		(78	)				(121	)
Gain on dispositions		(23	)		(128	)		(51	)		(158	)		(360	)		(22	)		(1,876	)				(1,898	)
Other		(126	)		109			(33	)		(35	)		(85	)		(47	)		222					175
Net working capital changes		(251	)		30			50			(310	)		(481	)		(38	)		110					72
Net Cash Provided by Operating Activities		421			1,259			1,280			1,443			4,403			1,790			1,751					3,541
Cash Flows from Investing Activities
Capital expenditures and investments		(1,821	)		(1,133	)		(916	)		(999	)		(4,869	)		(966	)		(1,020	)				(1,986	)
Working capital changes associated with    investing activities		(134	)		(229	)		(38	)		70			(331	)		(26	)		(87	)				(113	)
Proceeds from asset dispositions		135			228			56			867			1,286			35			10,707					10,742
Net sales (purchases) of short-term   investments		(302	)		(990	)		1,063			178			(51	)		(203	)		(2,450	)				(2,653	)
Long-term collections from (advances to)   related parties and other investments		57			2			110			(63	)		106			186			47					233
Net Cash Provided by (Used in) Investing Activities		(2,065	)		(2,122	)		275			53			(3,859	)		(974	)		7,197					6,223
Cash Flows from Financing Activities
Net issuance (repayment) of debt		4,530			(763	)		(12	)		(1,412	)		2,343			(839	)		(3,240	)				(4,079	)
Issuance of company common stock		(42	)		(3	)		(7	)		(11	)		(63	)		(46	)		(17	)				(63	)
Repurchase of company common stock		-			-			-			(126	)		(126	)		(112	)		(963	)				(1,075	)
Dividends paid		(313	)		(313	)		(314	)		(313	)		(1,253	)		(331	)		(331	)				(662	)
Other		(38	)		(41	)		(14	)		(44	)		(137	)		(16	)		(48	)				(64	)
Net Cash Provided by (Used in) Financing Activities		4,137			(1,120	)		(347	)		(1,906	)		764			(1,344	)		(4,599	)				(5,943	)
Effect of Exchange Rate Changes		5			(20	)		19			(70	)		(66	)		27			76					103
Net Change in Cash and Cash Equivalents		2,498			(2,003	)		1,227			(480	)		1,242			(501	)		4,425					3,924
Cash and cash equivalents at beginning of period		2,368			4,866			2,863			4,090			2,368			3,610			3,109					3,610
Cash and Cash Equivalents at End of Period		4,866			2,863			4,090			3,610			3,610			3,109			7,534					7,534
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska		320			183			199			181			883			228			229					457
Lower 48		580			237			175			270			1,262			343			383					726
Canada		254			214			85			145			698			62			85					147
Europe and North Africa		303			271			227			219			1,020			200			212					412
Asia Pacific and Middle East		306			179			215			138			838			109			93					202
Other International		41			37			3			23			104			5			5					10
Corporate and Other		17			12			12			23			64			19			13					32
Total Capital Expenditures and Investments		1,821			1,133			916			999			4,869			966			1,020					1,986

4 of 8

	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		1,437				1,514
Crude Oil (MBD)
Consolidated operations		605		577			571		582			584		588		576				582
Equity affiliates		12		15			15		14			14		13		14				13
Total		617		592			586		596			598		601		590				595
Over (under) lifting of crude oil (MBD)		37		(8	)		45		(30	)		11		36		28				32
NGL (MBD)
Consolidated operations		139		137			140		133			137		127		119				123
Equity affiliates		7		8			8		10			8		7		8				8
Total		146		145			148		143			145		134		127				131
Bitumen (MBD)
Consolidated operations		27		19			41		50			35		52		52				52
Equity affiliates		139		141			152		163			148		171		85				127
Total		166		160			193		213			183		223		137				179
Natural Gas (MMCFD)
Consolidated operations		3,096		2,991			2,829		2,916			2,958		2,874		2,484				2,678
Equity affiliates		799		902			948		947			899		935		1,015				975
Total		3,895		3,893			3,777		3,863			3,857		3,809		3,499				3,653
Industry Prices
Crude Oil ($/BBL)
WTI		33.27		45.48			44.88		49.18			43.20		51.83		48.24				50.04
WCS		19.03		32.18			31.38		34.85			29.36		37.25		37.12				37.19
Brent dated		33.89		45.57			45.85		49.46			43.69		53.78		49.83				51.81
JCC ($/BBL)		45.97		33.09			41.30		46.14			41.63		47.21		54.95				51.08
Natural Gas ($/MMBTU)
Henry Hub first of month		2.09		1.95			2.81		2.98			2.46		3.32		3.19				3.25
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations		31.43		42.63			43.18		46.96			40.78		50.86		48.11				49.49
Equity affiliates		33.50		46.35			44.78		50.82			44.11		55.58		50.55				53.19
Total		31.47		42.72			43.21		47.05			40.86		50.97		48.16				49.58
NGL ($/BBL)
Consolidated operations		11.47		15.76			15.63		20.23			15.72		23.81		19.97				22.02
Equity affiliates		27.45		29.18			25.12		39.27			31.13		43.20		34.49				38.54
Total		12.30		16.55			16.18		21.82			16.68		24.87		20.99				23.05
Bitumen ($/BBL)
Consolidated operations		2.54		13.76			15.73		15.72			12.91		15.63		19.28				17.35
Equity affiliates		1.59		18.74			18.39		23.36			15.80		23.63		24.19				23.83
Total		1.74		18.11			17.82		21.64			15.27		21.56		22.42				21.89
Natural Gas ($/MCF)
Consolidated operations		2.85		2.54			3.11		3.53			3.00		3.78		3.64				3.71
Equity affiliates		3.56		2.32			2.90		3.17			2.97		4.00		4.29				4.15
Total		2.99		2.49			3.05		3.44			3.00		3.84		3.83				3.83
Exploration Expenses ($ Millions)
Dry holes		180		249			163		126			718		343		14				357
Leasehold impairment		180		214			24		48			466		63		8				71
Total noncash expenses		360		463			187		174			1,184		406		22				428
Other (G&A, G&G and lease rentals)		145		147			270		169			731		145		76				221
Total exploration expenses		505		610			457		343			1,915		551		98				649
U.S. exploration expenses		443		559			199		76			1,277		427		44				471
International exploration expenses		62		51			258		267			638		124		54				178
DD&A ($ Millions)
Alaska		207		235			214		211			867		234		216				450
Lower 48		1,048		1,148			1,152		861			4,209		819		666				1,485
Canada		191		203			275		218			887		196		70				266
Europe and North Africa		378		320			373		342			1,413		346		318				664
Asia Pacific and Middle East		399		399			386		378			1,562		350		321				671
Other International		-		-			-		1			1		-		-				-
Corporate and Other		24		24			25		50			123		34		34				68
Total DD&A		2,247		2,329			2,425		2,061			9,062		1,979		1,625				3,604

5 of 8

	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		169				172
Lower 48		202		206		195		176		195		176		179				177
Canada		8		8		7		6		7		6		3				4
Norway		95		78		98		99		93		103		99				101
United Kingdom		30		27		23		29		27		28		26				27
Libya		-		-		-		9		2		9		11				10
Europe and North Africa		125		105		121		137		122		140		136				138
Australia/Timor-Leste		7		8		10		7		8		7		6				7
China		45		42		40		37		41		41		38				40
Indonesia		10		8		9		5		8		2		2				2
Malaysia		38		37		41		44		40		41		43				42
Equity affiliates		12		15		15		14		14		13		14				13
AP/ME		112		110		115		107		111		104		103				104
Total		617		592		586		596		598		601		590				595
NGL (MBD)
Alaska		14		11		11		15		12		15		14				15
Lower 48		86		90		92		83		88		75		79				77
Canada		25		22		23		21		23		23		13				19
Norway		3		2		3		3		3		4		4				3
United Kingdom		4		4		3		4		4		5		5				5
Europe and North Africa		7		6		6		7		7		9		9				8
Australia/Timor-Leste		4		5		7		5		5		5		4				4
Indonesia		3		3		1		2		2		-		-				-
Equity affiliates		7		8		8		10		8		7		8				8
AP/ME		14		16		16		17		15		12		12				12
Total		146		145		148		143		145		134		127				131
Bitumen (MBD)
Consolidated operations		27		19		41		50		35		52		52				52
Equity affiliates		139		141		152		163		148		171		85				127
Total		166		160		193		213		183		223		137				179
Natural Gas (MMCFD)
Alaska		38		27		18		16		25		7		7				7
Lower 48		1,216		1,244		1,224		1,192		1,219		1,116		1,142				1,129
Canada		566		532		517		483		524		488		247				367
Norway		174		133		127		183		154		213		188				201
United Kingdom		332		324		230		333		305		328		284				305
Libya		1		1		1		2		1		3		4				3
Europe and North Africa		507		458		358		518		460		544		476				509
Australia/Timor-Leste		309		312		260		274		289		284		260				272
China		1		1		1		-		1		-		-				-
Indonesia		445		382		399		344		393		327		276				302
Malaysia		14		35		52		89		47		108		76				92
Equity affiliates		799		902		948		947		899		935		1,015				975
AP/ME		1,568		1,632		1,660		1,654		1,629		1,654		1,627				1,641
Total		3,895		3,893		3,777		3,863		3,857		3,809		3,499				3,653
Total (MBOED)
Alaska		191		179		162		187		179		191		184				188
Lower 48		491		503		491		458		486		437		448				442
Consolidated operations		154		138		157		158		152		162		109				136
Equity affiliates		139		141		152		163		148		171		85				127
Canada		293		279		309		321		300		333		194				263
Norway		127		102		122		133		121		143		134				138
United Kingdom		89		85		65		88		82		88		78				83
Libya		-		-		-		9		2		9		12				11
Europe and North Africa		216		187		187		230		205		240		224				232
Australia/Timor-Leste		63		65		60		58		61		59		53				56
China		45		42		40		37		41		41		38				40
Indonesia		87		75		77		64		76		57		48				52
Malaysia		40		43		50		59		48		59		56				57
Equity affiliates		152		173		181		182		173		176		192				184
AP/ME		387		398		408		400		399		392		387				389
Total		1,578		1,546		1,557		1,596		1,569		1,593		1,437				1,514

6 of 8

	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 ($/BBL)
Consolidated operations
Alaska		32.54		44.39		43.43		48.15		41.93		52.09		49.95				50.94
Lower 48		27.04		39.50		40.09		44.15		37.49		45.89		43.38				44.61
Canada		26.11		37.70		37.50		41.50		35.25		43.82		43.35				43.66
Norway		35.15		45.90		47.00		49.15		44.09		54.14		51.19				52.89
United Kingdom		36.19		45.06		44.91		48.17		42.14		50.09		51.72				50.91
Libya		-		-		-		-		-		52.98		48.77				51.15
Europe and North Africa		35.47		45.77		46.59		48.93		43.66		53.34		50.98				52.30
Australia/Timor-Leste		36.86		47.21		46.19		48.54		44.06		53.85		49.43				52.03
China		27.29		38.26		39.83		45.19		37.64		50.31		46.00				48.34
Indonesia		32.70		44.82		41.98		37.18		39.08		42.45		37.44				39.72
Malaysia		37.87		49.15		48.46		52.52		47.06		58.13		52.64				55.23
AP/ME		33.11		43.55		44.27		48.40		42.23		53.74		49.28				51.56
Total consolidated operations		31.43		42.63		43.18		46.96		40.78		50.86		48.11				49.49
Equity affiliates		33.50		46.35		44.78		50.82		44.11		55.58		50.55				53.19
Total		31.47		42.72		43.21		47.05		40.86		50.97		48.16				49.58
NGL ($/BBL)
Consolidated operations
Lower 48		9.45		14.59		14.57		18.83		14.34		22.07		18.99				20.48
Canada		11.69		13.70		14.99		19.52		14.82		21.32		20.96				21.19
Norway		17.32		19.20		19.08		22.52		19.57		31.77		24.24				30.12
United Kingdom		19.65		22.96		22.77		28.79		23.96		30.32		25.32				28.33
Europe and North Africa		18.78		22.16		21.38		26.95		22.62		31.21		24.88				29.31
Australia/Timor-Leste		28.94		29.81		26.16		35.85		29.69		42.96		34.54				40.03
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		34.54				40.03
Total consolidated operations		11.47		15.76		15.63		20.23		15.72		23.81		19.97				22.02
Equity affiliates		27.45		29.18		25.12		39.27		31.13		43.20		34.49				38.54
Total		12.30		16.55		16.18		21.82		16.68		24.87		20.99				23.05
Bitumen ($/BBL)
Consolidated operations		2.54		13.76		15.73		15.72		12.91		15.63		19.28				17.35
Equity affiliates		1.59		18.74		18.39		23.36		15.80		23.63		24.19				23.83
Total		1.74		18.11		17.82		21.64		15.27		21.56		22.42				21.89
Natural Gas ($/MCF)
Consolidated operations
Alaska		4.84		4.82		6.95		5.38		5.22		3.53		1.43				2.25
Lower 48		1.80		1.70		2.59		2.72		2.20		2.83		2.72				2.77
Canada		1.20		0.95		1.71		2.18		1.49		1.95		2.00				1.97
Norway		4.03		3.22		3.54		4.59		3.92		5.52		4.87				5.23
United Kingdom		5.55		4.74		4.50		5.50		5.12		6.07		4.99				5.57
Libya		-		-		-		-		-		-		-				-
Europe and North Africa		5.03		4.30		4.13		5.17		4.71		5.86		4.95				5.44
Australia/Timor-Leste*		0.59		0.56		0.47		0.56		0.54		0.57		0.77				0.67
China		2.38		2.38		2.34		2.30		2.36		-		-				-
Indonesia		4.47		5.18		5.61		5.77		5.22		6.52		6.34				6.44
Malaysia		1.54		2.38		2.33		2.74		2.48		2.82		3.07				2.92
AP/ME		4.24		3.96		4.42		4.62		4.31		4.96		5.05				5.00
Total consolidated operations		2.85		2.54		3.11		3.53		3.00		3.78		3.64				3.71
Equity affiliates		3.56		2.32		2.90		3.17		2.97		4.00		4.29				4.15
Total		2.99		2.49		3.05		3.44		3.00		3.84		3.83				3.83
*Excludes transfers to Darwin LNG plant.

7 of 8

		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	)		(424	)				(772	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense			(222	)		(234	)		(258	)		(266	)		(980	)		(253	)		(174	)				(427	)
Corporate G&A expenses			(85	)		(72	)		(54	)		(78	)		(289	)		(93	)		(64	)				(157	)
Technology*			21			1			44			(16	)		50			9			-					9
Other			13			(30	)		(55	)		(38	)		(110	)		(11	)		(186	)				(197	)
Total			(273	)		(335	)		(323	)		(398	)		(1,329	)		(348	)		(424	)				(772	)
*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	)		(336	)				(676	)
Capitalized interest			40			43			42			32			157			25			30					55
Interest revenue			8			14			21			3			46			11			17					28
Total			(273	)		(298	)		(314	)		(314	)		(1,199	)		(304	)		(289	)				(593	)
Debt
Total debt ($ Millions)			29,455			28,677			28,689			27,275			27,275			26,435			23,468					23,468
Debt-to-capital ratio (%)			43	%		43	%		44	%		44	%		44	%		43	%		43	%				43	%
Equity ($ Millions)			39,407			37,831			36,456			35,226			35,226			35,601			30,499					30,499
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