ConocoPhillips (COP) 8-K ConocoPhillips Reports First-Quarter 2018 Results; Strong Performance on Delivering Disciplined Plan

Exhibit 99.2

	First-Quarter 2018 Detailed Supplemental Information
	2017															2018
	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		7,518			6,781			6,688			8,119			29,106			8,798						8,798
Equity in earnings of affiliates		200			178			196			198			772			208						208
Gain on dispositions		22			1,876			246			33			2,177			7						7
Other income (loss)		31			47			65			386			529			(52	)					(52	)
Total Revenues and Other Income		7,771			8,882			7,195			8,736			32,584			8,961						8,961
Costs and Expenses
Purchased commodities		3,192			2,922			2,926			3,435			12,475			3,714						3,714
Production and operating expenses*		1,291			1,325			1,222			1,324			5,162			1,171						1,171
Selling, general and administrative expenses*		97			95			110			125			427			99						99
Exploration expenses*		550			97			73			214			934			95						95
Depreciation, depletion and amortization		1,979			1,625			1,608			1,633			6,845			1,412						1,412
Impairments		175			6,294			6			126			6,601			12						12
Taxes other than income taxes		231			198			175			205			809			183						183
Accretion on discounted liabilities		95			92			89			86			362			88						88
Interest and debt expense		315			306			251			226			1,098			184						184
Foreign currency transaction losses		10			13			5			7			35			30						30
Other expense*		68			276			77			30			451			197						197
Total Costs and Expenses		8,003			13,243			6,542			7,411			35,199			7,185						7,185
Income (loss) before income taxes		(232	)		(4,361	)		653			1,325			(2,615	)		1,776						1,776
Income tax provision (benefit)		(831	)		(935	)		217			(273	)		(1,822	)		876						876
Net Income (Loss)		599			(3,426	)		436			1,598			(793	)		900						900
Less: net income attributable to noncontrolling interests		(13	)		(14	)		(16	)		(19	)		(62	)		(12	)					(12	)
Net Income (Loss) Attributable to ConocoPhillips		586			(3,440	)		420			1,579			(855	)		888						888
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic		0.47			(2.78	)		0.35			1.32			(0.70	)		0.75						0.75
Diluted		0.47			(2.78	)		0.34			1.32			(0.70	)		0.75						0.75
Average Common Shares Outstanding (in thousands)**
Basic		1,243,280			1,236,831			1,212,454			1,192,243			1,221,038			1,179,792						1,179,792
Diluted		1,248,722			1,236,831			1,215,341			1,198,276			1,221,038			1,186,454						1,186,454
*2017 has been restated to align with current period financial statements.
**Ending Common Shares Outstanding is 1,170,066 as of Mar. 31, 2018, compared with 1,177,107 as of Dec. 31, 2017.
INCOME (LOSS) BEFORE INCOME TAXES
Alaska		6			215			159			396			776			654						654
Lower 48		(562	)		(4,013	)		(148	)		(102	)		(4,825	)		398						398
Canada		(87	)		1,846			243			(55	)		1,947			(105	)					(105	)
Europe and North Africa		533			276			303			607			1,719			771						771
Asia Pacific and Middle East		392			(2,052	)		452			524			(684	)		653						653
Other International		(68	)		(11	)		(15	)		282			188			(10	)					(10	)
Corporate and Other		(446	)		(622	)		(341	)		(327	)		(1,736	)		(585	)					(585	)
Consolidated		(232	)		(4,361	)		653			1,325			(2,615	)		1,776						1,776
EFFECTIVE INCOME TAX RATES
Alaska*		295.2	%		7.4	%		35.3	%		-195.8	%		-88.7	%		19.9	%					19.9	%
Lower 48		35.5	%		36.8	%		34.8	%		710.1	%		50.9	%		22.6	%					22.6	%
Canada		1193.9	%		25.2	%		-14.8	%		21.9	%		-31.7	%		38.4	%					38.4	%
Europe and North Africa		67.8	%		55.5	%		72.0	%		71.2	%		67.8	%		68.3	%					68.3	%
Asia Pacific and Middle East		36.6	%		-5.2	%		8.9	%		11.9	%		-51.4	%		27.6	%					27.6	%
Other International		29.6	%		14.2	%		-27.3	%		13.7	%		11.3	%		-336.7	%					-336.7	%
Corporate and Other		22.0	%		31.8	%		4.2	%		-217.2	%		-23.0	%		7.5	%					7.5	%
Consolidated		359.0	%		21.4	%		33.2	%		-20.5	%		69.7	%		49.3	%					49.3	%
*Alaska including taxes other than income taxes.		111.9	%		32.2	%		56.6	%		-142.9	%		-32.5	%		22.4	%					22.4	%

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	2017															2018
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska		(11	)		199			103			1,175			1,466			524						524
Lower 48		(362	)		(2,536	)		(97	)		624			(2,371	)		308						308
Canada		948			1,379			280			(43	)		2,564			(65	)					(65	)
Europe and North Africa		171			123			85			174			553			245						245
Asia Pacific and Middle East		236			(2,172	)		396			442			(1,098	)		461						461
Other International		(48	)		(9	)		(20	)		244			167			(44	)					(44	)
Corporate and Other		(348	)		(424	)		(327	)		(1,037	)		(2,136	)		(541	)					(541	)
Consolidated		586			(3,440	)		420			1,579			(855	)		888						888
SPECIAL ITEMS
Alaska		(110	)		32			-			892			814			79						79
Lower 48		(33	)		(2,464	)		(40	)		610			(1,927	)		(8	)					(8	)
Canada		977			1,366			304			(5	)		2,642			-						-
Europe and North Africa		-			41			-			12			53			-						-
Asia Pacific and Middle East		-			(2,384	)		83			74			(2,227	)		-						-
Other International		(28	)		-			-			275			247			(34	)					(34	)
Corporate and Other		(43	)		(209	)		(125	)		(819	)		(1,196	)		(285	)					(285	)
Consolidated		763			(3,618	)		222			1,039			(1,594	)		(248	)					(248	)
Detailed reconciliation of these items is provided on page 3.
ADJUSTED EARNINGS
Alaska		99			167			103			283			652			445						445
Lower 48		(329	)		(72	)		(57	)		14			(444	)		316						316
Canada		(29	)		13			(24	)		(38	)		(78	)		(65	)					(65	)
Europe and North Africa		171			82			85			162			500			245						245
Asia Pacific and Middle East		236			212			313			368			1,129			461						461
Other International		(20	)		(9	)		(20	)		(31	)		(80	)		(10	)					(10	)
Corporate and Other		(305	)		(215	)		(202	)		(218	)		(940	)		(256	)					(256	)
Consolidated		(177	)		178			198			540			739			1,136						1,136
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska		44.9	%		22.3	%		35.3	%		28.8	%		31.5	%		19.5	%					19.5	%
Lower 48		35.5	%		37.9	%		39.2	%		28.3	%		36.6	%		22.5	%					22.5	%
Canada		50.9	%		-83.2	%		34.7	%		31.0	%		46.0	%		38.4	%					38.4	%
Europe and North Africa		67.8	%		70.4	%		72.0	%		71.7	%		70.3	%		68.3	%					68.3	%
Asia Pacific and Middle East		36.6	%		31.9	%		27.2	%		26.0	%		29.9	%		27.6	%					27.6	%
Other International		20.4	%		14.2	%		-27.3	%		16.9	%		9.9	%		0.7	%					0.7	%
Corporate and Other		21.1	%		39.2	%		22.7	%		30.4	%		28.5	%		13.8	%					13.8	%
Consolidated		232.5	%		45.2	%		57.7	%		49.5	%		61.6	%		41.8	%					41.8	%

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	2017															2018
$ Millions	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
DETAILED SPECIAL ITEMS
Alaska
Impairments		(174	)		-			-			-			(174	)		-						-
Pending claims and settlements		-			-			-			-			-			101						101
Subtotal before income taxes		(174	)		-			-			-			(174	)		101						101
Income tax provision (benefit)1		(64	)		(32	)		-			(892	)		(988	)		22						22
Total		(110	)		32			-			892			814			79						79
Lower 48
Restructuring		-			(15	)		(3	)		1			(17	)		-						-
Impairments		(51	)		(3,882	)		(2	)		(122	)		(4,057	)		(10	)					(10	)
Gain (loss) on asset sales		-			-			(50	)		-			(50	)		-						-
Subtotal before income taxes		(51	)		(3,897	)		(55	)		(121	)		(4,124	)		(10	)					(10	)
Income tax provision (benefit)1		(18	)		(1,433	)		(15	)		(731	)		(2,197	)		(2	)					(2	)
Total		(33	)		(2,464	)		(40	)		610			(1,927	)		(8	)					(8	)
Canada
Gain (loss) on asset sales		-			1,855			281			-			2,136			-						-
Impairments		-			(18	)		-			-			(18	)		-						-
Restructuring		(27	)		1			-			-			(26	)		-						-
Subtotal before income taxes		(27	)		1,838			281			-			2,092			-						-
Income tax provision (benefit)2		(1,004	)		472			(23	)		5			(550	)		-						-
Total		977			1,366			304			(5	)		2,642			-						-
Europe and North Africa
Impairments		-			-			-			33			33			-						-
Subtotal before income taxes		-			-			-			33			33			-						-
Income tax provision (benefit)3		-			(41	)		-			21			(20	)		-						-
Total		-			41			-			12			53			-						-
Asia Pacific and Middle East
Impairments		-			(2,384	)		-			-			(2,384	)		-						-
Subtotal before income taxes		-			(2,384	)		-			-			(2,384	)		-						-
Income tax provision (benefit)4		-			-			(83	)		(74	)		(157	)		-						-
Total		-			(2,384	)		83			74			(2,227	)		-						-
Other International
Pending claims and settlements		-			-			-			320			320			-						-
Rig termination		(43	)		-			-			-			(43	)		-						-
Subtotal before income taxes		(43	)		-			-			320			277			-						-
Income tax provision (benefit)5		(15	)		-			-			45			30			34						34
Total		(28	)		-			-			275			247			(34	)					(34	)
Corporate and Other
Pension settlement expense		(60	)		(36	)		(20	)		(14	)		(130	)		-						-
Pending claims and settlements		-			2			(9	)		17			10			34						34
Premiums on early debt retirement		-			(234	)		(51	)		(17	)		(302	)		(206	)					(206	)
Unrealized loss on CVE equity		-			-			-			-			-			(116	)					(116	)
Subtotal before income taxes		(60	)		(268	)		(80	)		(14	)		(422	)		(288	)					(288	)
Income tax provision (benefit)4		(17	)		(59	)		45			805			774			(3	)					(3	)
Total		(43	)		(209	)		(125	)		(819	)		(1,196	)		(285	)					(285	)
Total Company		763			(3,618	)		222			1,039			(1,594	)		(248	)					(248	)
1Includes deferred tax adjustment in 2Q 2017 in Lower 48 and Alaska; pending claims and settlements in 2Q 2017 in Alaska; and 4Q 2017 U.S. Tax Reform.
2Includes tax adjustment related to Canadian disposition in 1Q 2017; tax benefit related to our prior decision to exit Nova Scotia deepwater exploration in 3Q 2017; and 4Q 2017 U.S. Tax Reform.
3Includes pending claims and settlements in 2Q 2017; 4Q 2017 deferred tax adjustment in U.K.; and 4Q 2017 U.S. Tax Reform.
4Includes pending claims and settlements in 3Q 2017 and 4Q 2017 U.S. Tax Reform.
5Includes 4Q 2017 U.S. Tax Reform and 1Q 2018 Nigeria tax settlement.

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	2017															2018
	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)		599			(3,426	)		436			1,598			(793	)		900						900
Depreciation, depletion and amortization		1,979			1,625			1,608			1,633			6,845			1,412						1,412
Impairments		175			6,294			6			126			6,601			12						12
Dry hole costs and leasehold impairments		406			22			7			131			566			20						20
Accretion on discounted liabilities		95			92			89			86			362			88						88
Deferred taxes		(1,314	)		(1,234	)		(222	)		(911	)		(3,681	)		65						65
Undistributed equity earnings		(43	)		(78	)		(72	)		(39	)		(232	)		(34	)					(34	)
Gain on dispositions		(22	)		(1,876	)		(246	)		(33	)		(2,177	)		(7	)					(7	)
Other		(47	)		222			(542	)		(62	)		(429	)		29						29
Net working capital changes		(38	)		110			(9	)		(48	)		15			(86	)					(86	)
Net Cash Provided by Operating Activities		1,790			1,751			1,055			2,481			7,077			2,399						2,399
Cash Flows from Investing Activities
Capital expenditures and investments		(966	)		(1,020	)		(1,088	)		(1,517	)		(4,591	)		(1,535	)					(1,535	)
Working capital changes associated with investing activities		(26	)		(87	)		95			150			132			28						28
Proceeds from asset dispositions		35			10,707			2,998			120			13,860			169						169
Net sales (purchases) of short-term investments		(203	)		(2,450	)		70			793			(1,790	)		1,593						1,593
Long-term collections from (advances to)
related parties and other investments		186			47			(67	)		(15	)		151			(333	)					(333	)
Net Cash Provided by (Used in) Investing Activities		(974	)		7,197			2,008			(469	)		7,762			(78	)					(78	)
Cash Flows from Financing Activities
Repayment of debt		(839	)		(3,240	)		(2,515	)		(1,282	)		(7,876	)		(2,888	)					(2,888	)
Issuance of company common stock		(46	)		(17	)		(2	)		2			(63	)		(18	)					(18	)
Repurchase of company common stock		(112	)		(963	)		(970	)		(955	)		(3,000	)		(500	)					(500	)
Dividends paid		(331	)		(331	)		(324	)		(319	)		(1,305	)		(338	)					(338	)
Other		(16	)		(48	)		(16	)		(32	)		(112	)		(32	)					(32	)
Net Cash Provided by (Used in) Financing Activities		(1,344	)		(4,599	)		(3,827	)		(2,586	)		(12,356	)		(3,776	)					(3,776	)
Effect of Exchange Rate Changes		27			76			141			(12	)		232			125						125
Net Change in Cash, Cash Equivalents and Restricted Cash		(501	)		4,425			(623	)		(586	)		2,715			(1,330	)					(1,330	)
Cash, cash equivalents and restricted cash at beginning of period*		3,610			3,109			7,534			6,911			3,610			6,536						6,536
Cash, Cash Equivalents and Restricted Cash at End of Period		3,109			7,534			6,911			6,325			6,325			5,206						5,206
*2018 Cash, cash equivalents and restricted cash at beginning of period has been restated to include $211MM of restricted cash.
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska		228			229			179			179			815			263						263
Lower 48		343			383			508			902			2,136			751						751
Canada		62			85			33			22			202			173						173
Europe and North Africa		200			212			245			215			872			216						216
Asia Pacific and Middle East		109			93			114			166			482			99						99
Other International		5			5			7			4			21			1						1
Corporate and Other		19			13			2			29			63			32						32
Total Capital Expenditures and Investments		966			1,020			1,088			1,517			4,591			1,535						1,535

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	2017											2018
	1st Qtr		2nd Qtr		3rd Qtr			4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
TOTAL SEGMENTS
Production
Total (MBOED)		1,593		1,437		1,226			1,256		1,377		1,269					1,269
Crude Oil (MBD)
Consolidated operations		588		576		568			608		585		621					621
Equity affiliates		13		14		14			14		14		15					15
Total		601		590		582			622		599		636					636
Over (under) lifting of crude oil (MBD)		36		28		11			13		22		15					15
NGL (MBD)
Consolidated operations		127		119		87			84		104		88					88
Equity affiliates		7		8		8			5		7		8					8
Total		134		127		95			89		111		96					96
Bitumen (MBD)
Consolidated operations		52		52		63			67		59		66					66
Equity affiliates		171		85		-			-		63		-					-
Total		223		137		63			67		122		66					66
Natural Gas (MMCFD)
Consolidated operations		2,874		2,484		1,878			1,833		2,263		1,775					1,775
Equity affiliates		935		1,015		1,040			1,035		1,007		1,053					1,053
Total		3,809		3,499		2,918			2,868		3,270		2,828					2,828
Industry Prices
Crude Oil ($/BBL)
WTI		51.83		48.24		48.16			55.35		50.90		62.88					62.88
WCS		37.25		37.12		38.22			43.08		38.92		38.60					38.60
Brent dated		53.78		49.83		52.09			61.39		54.27		66.76					66.76
JCC ($/BBL)		47.21		54.95		53.16			49.87		51.30		58.62					58.62
Natural Gas ($/MMBTU)
Henry Hub first of month		3.32		3.19		2.99			2.93		3.11		3.01					3.01
Average Realized Prices
Crude Oil ($/BBL)
Consolidated operations		50.86		48.11		49.31			58.95		51.89		65.47					65.47
Equity affiliates		55.58		50.55		52.29			60.52		54.76		66.50					66.50
Total		50.97		48.16		49.39			58.99		51.96		65.49					65.49
NGL ($/BBL)
Consolidated operations		23.81		19.97		22.50			32.08		24.21		26.68					26.68
Equity affiliates		43.20		34.49		35.94			44.06		38.74		43.99					43.99
Total		24.87		20.99		23.82			32.79		25.22		28.37					28.37
Bitumen ($/BBL)
Consolidated operations		15.63		19.28		24.19			25.20		21.43		14.06					14.06
Equity affiliates		23.63		24.19		-			-		23.83		-					-
Total		21.56		22.42		24.19			25.20		22.66		14.06					14.06
Natural Gas ($/MCF)
Consolidated operations		3.78		3.64		3.88			4.80		3.97		5.18					5.18
Equity affiliates		4.00		4.29		4.51			4.25		4.27		5.04					5.04
Total		3.84		3.83		4.11			4.59		4.07		5.13					5.13
Exploration Expenses ($ Millions)
Dry holes		343		14		(3	)		76		430		15					15
Leasehold impairment		63		8		10			55		136		5					5
Total noncash expenses		406		22		7			131		566		20					20
Other (G&A, G&G and lease rentals)*		144		75		66			83		368		75					75
Total exploration expenses*		550		97		73			214		934		95					95
U.S. exploration expenses*		427		43		38			152		660		66					66
International exploration expenses*		123		54		35			62		274		29					29
*2017 has been restated to align with current period financial statements.
DD&A ($ Millions)
Alaska		234		216		188			208		846		185					185
Lower 48		819		666		612			627		2,724		498					498
Canada		196		70		84			89		439		91					91
Europe and North Africa		346		318		317			286		1,267		285					285
Asia Pacific and Middle East		350		321		374			390		1,435		327					327
Other International		-		-		-			-		-		-					-
Corporate and Other		34		34		33			33		134		26					26
Total DD&A		1,979		1,625		1,608			1,633		6,845		1,412					1,412

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	2017											2018
	1st Qtr		2nd Qtr			3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Alaska		175		169			154		173		167		174					174
Lower 48		176		179			175		191		180		197					197
Canada		6		3			1		2		3		2					2
Norway		103		99			95		90		97		89					89
United Kingdom		28		26			23		24		25		29					29
Libya		9		11			23		34		20		40					40
Europe and North Africa		140		136			141		148		142		158					158
Australia/Timor-Leste		7		6			6		6		6		4					4
China		41		38			37		35		38		37					37
Indonesia		2		2			2		2		2		2					2
Malaysia		41		43			52		51		47		47					47
Equity affiliates		13		14			14		14		14		15					15
AP/ME		104		103			111		108		107		105					105
Total		601		590			582		622		599		636					636
NGL (MBD)
Alaska		15		14			11		15		14		16					16
Lower 48		75		79			64		58		69		60					60
Canada		23		13			1		-		9		-					-
Norway		4		4			4		4		4		4					4
United Kingdom		5		5			3		3		4		4					4
Europe and North Africa		9		9			7		7		8		8					8
Australia/Timor-Leste		5		4			4		4		4		4					4
Equity affiliates		7		8			8		5		7		8					8
AP/ME		12		12			12		9		11		12					12
Total		134		127			95		89		111		96					96
Bitumen (MBD)
Consolidated operations		52		52			63		67		59		66					66
Equity affiliates		171		85			-		-		63		-					-
Total		223		137			63		67		122		66					66
Natural Gas (MMCFD)
Alaska		7		7			5		7		7		7					7
Lower 48		1,116		1,142			765		576		898		568					568
Canada		488		247			10		12		187		13					13
Norway		213		188			193		206		200		208					208
United Kingdom		328		284			209		284		276		309					309
Libya		3		4			6		20		8		31					31
Europe and North Africa		544		476			408		510		484		548					548
Australia/Timor-Leste		284		260			241		286		267		295					295
Indonesia		327		276			323		305		308		307					307
Malaysia		108		76	��		126		137		112		37					37
Equity affiliates		935		1,015			1,040		1,035		1,007		1,053					1,053
AP/ME		1,654		1,627			1,730		1,763		1,694		1,692					1,692
Total		3,809		3,499			2,918		2,868		3,270		2,828					2,828
Total (MBOED)
Alaska		191		184			166		189		182		191					191
Lower 48		437		448			366		345		399		352					352
Consolidated operations		162		109			67		71		102		70					70
Equity affiliates		171		85			-		-		63		-					-
Canada		333		194			67		71		165		70					70
Norway		143		134			131		128		134		128					128
United Kingdom		88		78			61		75		75		85					85
Libya		9		12			24		37		21		45					45
Europe and North Africa		240		224			216		240		230		258					258
Australia/Timor-Leste		59		53			50		58		55		57					57
China		41		38			37		35		38		37					37
Indonesia		57		48			56		52		53		53					53
Malaysia		59		56			73		74		66		53					53
Equity affiliates		176		192			195		192		189		198					198
AP/ME		392		387			411		411		401		398					398
Total		1,593		1,437			1,226		1,256		1,377		1,269					1,269

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	2017										2018
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr	4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska		52.09		49.95		50.53		60.68		53.33		68.31						68.31
Lower 48		45.89		43.38		45.29		54.27		47.36		61.99						61.99
Canada		43.82		43.35		-		-		43.69		-						-
Norway		54.14		51.19		51.94		62.28		54.61		65.84						65.84
United Kingdom		50.09		51.72		46.88		57.63		51.85		64.27						64.27
Libya		52.98		48.77		51.00		60.82		55.11		65.90						65.90
Europe and North Africa		53.34		50.98		51.05		61.04		54.21		65.57						65.57
Australia/Timor-Leste		53.85		49.43		50.35		63.35		54.10		70.71						70.71
China		50.31		46.00		49.09		58.07		50.91		62.49						62.49
Indonesia		42.45		37.44		38.89		75.00		47.09		58.60						58.60
Malaysia		58.13		52.64		54.66		64.54		57.59		70.42						70.42
AP/ME		53.74		49.28		52.06		62.09		54.38		67.07						67.07
Total consolidated operations		50.86		48.11		49.31		58.95		51.89		65.47						65.47
Equity affiliates		55.58		50.55		52.29		60.52		54.76		66.50						66.50
Total		50.97		48.16		49.39		58.99		51.96		65.49						65.49
NGL ($/BBL)
Consolidated operations
Lower 48		22.07		18.99		20.72		28.41		22.20		24.57						24.57
Canada		21.32		20.96		-		-		21.51		-						-
Norway		31.77		24.24		28.86		40.56		34.14		32.58						32.58
United Kingdom		30.32		25.32		33.07		43.60		33.98		33.43						33.43
Europe and North Africa		31.21		24.88		31.16		41.74		34.07		32.98		��				32.98
Australia/Timor-Leste		42.96		34.54		35.74		49.26		41.37		44.36						44.36
AP/ME		42.96		34.54		35.74		49.26		41.37		44.36						44.36
Total consolidated operations		23.81		19.97		22.50		32.08		24.21		26.68						26.68
Equity affiliates		43.20		34.49		35.94		44.06		38.74		43.99						43.99
Total		24.87		20.99		23.82		32.79		25.22		28.37						28.37
Bitumen ($/BBL)
Consolidated operations		15.63		19.28		24.19		25.20		21.43		14.06						14.06
Equity affiliates		23.63		24.19		-		-		23.83		-						-
Total		21.56		22.42		24.19		25.20		22.66		14.06						14.06
Natural Gas ($/MCF)
Consolidated operations
Alaska		3.53		1.43		4.55		2.59		2.72		2.51						2.51
Lower 48		2.83		2.72		2.63		2.68		2.73		2.76						2.76
Canada		1.95		2.00		-		-		1.93		-						-
Norway		5.52		4.87		5.00		6.59		5.54		7.32						7.32
United Kingdom		6.07		4.99		5.20		6.89		5.84		7.58						7.58
Libya		-		-		0.09		3.68		3.53		5.62						5.62
Europe and North Africa		5.86		4.95		5.09		6.65		5.70		7.38						7.38
Australia/Timor-Leste*		0.57		0.77		0.64		0.61		0.65		0.62						0.62
Indonesia		6.52		6.34		5.81		6.38		6.26		6.61						6.61
Malaysia		2.82		3.07		3.30		3.16		3.10		2.78						2.78
AP/ME		4.96		5.05		4.63		5.27		4.98		5.57						5.57
Total consolidated operations		3.78		3.64		3.88		4.80		3.97		5.18						5.18
Equity affiliates		4.00		4.29		4.51		4.25		4.27		5.04						5.04
Total		3.84		3.83		4.11		4.59		4.07		5.13						5.13
*Excludes transfers to Darwin LNG plant.

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	2017															2018
	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)		(348	)		(424	)		(327	)		(1,037	)		(2,136	)		(541	)					(541	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense		(253	)		(174	)		(176	)		(136	)		(739	)		(160	)					(160	)
Corporate G&A expenses*		(51	)		(39	)		(42	)		(61	)		(193	)		(50	)					(50	)
Technology**		9			-			20			(9	)		20			(10	)					(10	)
Other*		(53	)		(211	)		(129	)		(831	)		(1,224	)		(321	)					(321	)
Total		(348	)		(424	)		(327	)		(1,037	)		(2,136	)		(541	)					(541	)
*2017 has been restated to align with current period financial statements.
**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		(340	)		(336	)		(282	)		(259	)		(1,217	)		(221	)					(221	)
Capitalized interest		25			30			31			33			119			37						37
Interest revenue		11			17			29			43			100			22						22
Total		(304	)		(289	)		(222	)		(183	)		(998	)		(162	)					(162	)
Debt
Total debt ($ Millions)		26,435			23,468			21,004			19,703			19,703			17,046						17,046
Debt-to-capital ratio (%)		43	%		43	%		41	%		39	%		39	%		36	%					36	%
Equity ($ Millions)		35,601			30,499			30,712			30,801			30,801			30,718						30,718

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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