ConocoPhillips (COP) 8-K Results of Operations and Financial Condition

Exhibit 99.2

	Third-Quarter 2021 Detailed Supplemental Information
	2020															2021
	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		6,158			2,749			4,386			5,491			18,784			9,826			9,556			11,326				30,708
Equity in earnings of affiliates		234			77			35			86			432			122			139			239				500
Gain (loss) on dispositions		(42	)		596			(3	)		(2	)		549			233			59			2				294
Other income (loss)		(1,539	)		594			(38	)		474			(509	)		378			457			49				884
Total Revenues and Other Income		4,811			4,016			4,380			6,049			19,256			10,559			10,211			11,616				32,386
Costs and Expenses
Purchased commodities		2,661			1,130			1,839			2,448			8,078			4,483			2,998			4,179				11,660
Production and operating expenses		1,173			1,047			963			1,161			4,344			1,383			1,379			1,389				4,151
Selling, general and administrative expenses		(3	)		156			96			181			430			311			117			128				556
Exploration expenses		188			97			125			1,047			1,457			84			57			65				206
Depreciation, depletion and amortization		1,411			1,158			1,411			1,541			5,521			1,886			1,867			1,672				5,425
Impairments		521			(2	)		2			292			813			(3	)		2			(89	)			(90	)
Taxes other than income taxes		250			141			179			184			754			370			381			403				1,154
Accretion on discounted liabilities		67			66			62			57			252			62			63			61				186
Interest and debt expense		202			202			200			202			806			226			220			219				665
Foreign currency transactions (gain) loss		(90	)		7			(5	)		16			(72	)		19			10			(10	)			19
Other expenses		(6	)		(7	)		20			6			13			24			37			17				78
Total Costs and Expenses		6,374			3,995			4,892			7,135			22,396			8,845			7,131			8,034				24,010
Income (loss) before income taxes		(1,563	)		21			(512	)		(1,086	)		(3,140	)		1,714			3,080			3,582				8,376
Income tax provision (benefit)		148			(257	)		(62	)		(314	)		(485	)		732			989			1,203				2,924
Net Income (Loss)		(1,711	)		278			(450	)		(772	)		(2,655	)		982			2,091			2,379				5,452
Less: net income attributable to noncontrolling interests		(28	)		(18	)		-			-			(46	)		-			-			-				-
Net Income (Loss) Attributable to ConocoPhillips		(1,739	)		260			(450	)		(772	)		(2,701	)		982			2,091			2,379				5,452
Net Income (Loss) Attributable to ConocoPhillips
Per Share of Common Stock (dollars)
Basic		(1.60	)		0.24			(0.42	)		(0.72	)		(2.51	)		0.75			1.55			1.78				4.10
Diluted		(1.60	)		0.24			(0.42	)		(0.72	)		(2.51	)		0.75			1.55			1.78				4.09
Average Common Shares Outstanding (in thousands)*
Basic		1,084,561			1,076,659			1,077,377			1,073,580			1,078,030			1,300,375			1,348,637			1,332,286				1,327,216
Diluted		1,084,561			1,077,606			1,077,377			1,073,580			1,078,030			1,302,691			1,353,201			1,336,379				1,330,652
*Ending Common Shares Outstanding is 1,318,947 as of September 30, 2021, compared with 1,339,082 as of June 30, 2021.
INCOME (LOSS) BEFORE INCOME TAXES
Alaska		107			(195	)		(30	)		(857	)		(975	)		217			480			517				1,214
Lower 48		(562	)		(471	)		(105	)		(362	)		(1,500	)		609			1,502			2,094				4,205
Canada		(150	)		(177	)		(100	)		(84	)		(511	)		16			135			205				356
Europe, Middle East and North Africa		311			(60	)		113			221			585			511			697			878				2,086
Asia Pacific		445			702			84			70			1,301			432			289			377				1,098
Other International		27			(5	)		(11	)		(96	)		(85	)		(5	)		(6	)		(140	)			(151	)
Corporate and Other		(1,741	)		227			(463	)		22			(1,955	)		(66	)		(17	)		(349	)			(432	)
Consolidated		(1,563	)		21			(512	)		(1,086	)		(3,140	)		1,714			3,080			3,582				8,376
EFFECTIVE INCOME TAX RATES
Alaska*		24.3	%		27.6	%		47.6	%		25.0	%		26.2	%		26.8	%		22.8	%		21.6	%			23.0	%
Lower 48		22.3	%		22.5	%		25.0	%		33.2	%		25.2	%		23.2	%		21.7	%		22.1	%			22.1	%
Canada		26.8	%		51.8	%		24.9	%		33.4	%		36.2	%		33.7	%		24.9	%		24.4	%			25.0	%
Europe, Middle East and North Africa		35.3	%		142.3	%		19.0	%		40.9	%		23.3	%		70.1	%		70.3	%		72.5	%			71.2	%
Asia Pacific		32.7	%		5.2	%		70.0	%		75.9	%		22.6	%		26.6	%		39.4	%		31.9	%			31.8	%
Other International		-2.0	%		-2.6	%		28.7	%		17.9	%		24.3	%		28.0	%		7.6	%		30.4	%			29.4	%
Corporate and Other		-1.9	%		18.7	%		15.9	%		-361.1	%		3.9	%		-85.1	%		496.6	%		38.9	%			37.9	%
Consolidated		-9.5	%		-1330.4	%		12.0	%		28.9	%		15.4	%		42.7	%		32.1	%		33.6	%			34.9	%
*Alaska including taxes other than income taxes.		61.2	%		-18.9	%		126.4	%		16.9	%		-15.1	%		50.3	%		38.8	%		36.0	%			40.0	%

	2020															2021
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr				3rd Qtr			4th Qtr	YTD
$ Millions
EARNINGS BY SEGMENT
Alaska		81			(141	)		(16	)		(643	)		(719	)		159			371				405				935
Lower 48		(437	)		(365	)		(78	)		(242	)		(1,122	)		468			1,175				1,631				3,274
Canada		(109	)		(86	)		(75	)		(56	)		(326	)		10			102				155				267
Europe, Middle East and North Africa		201			25			92			130			448			153			207				241				601
Asia Pacific		272			648			25			17			962			317			175				257				749
Other International		28			(6	)		(8	)		(78	)		(64	)		(4	)		(5	)			(97	)			(106	)
Corporate and Other		(1,775	)		185			(390	)		100			(1,880	)		(121	)		66				(213	)			(268	)
Consolidated		(1,739	)		260			(450	)		(772	)		(2,701	)		982			2,091				2,379				5,452
SPECIAL ITEMS
Alaska		(120	)		81			-			(648	)		(687	)		(20	)		(2	)			(1	)			(23	)
Lower 48		(467	)		40			70			(221	)		(578	)		(236	)		(10	)			56				(190	)
Canada		(29	)		77			-			-			48			(3	)		52				77				126
Europe, Middle East and North Africa		(2	)		2			-			-			-			-			-				(5	)			(5	)
Asia Pacific		(4	)		601			-			-			597			199			-				-				199
Other International		29			-			-			(67	)		(38	)		-			-				(105	)			(105	)
Corporate and Other		(1,632	)		453			(189	)		365			(1,003	)		140			335				(15	)			460
Consolidated		(2,225	)		1,254			(119	)		(571	)		(1,661	)		80			375				7				462
Detailed reconciliation of these items is provided on page 3.
ADJUSTED EARNINGS
Alaska		201			(222	)		(16	)		5			(32	)		179			373				406				958
Lower 48		30			(405	)		(148	)		(21	)		(544	)		704			1,185				1,575				3,464
Canada		(80	)		(163	)		(75	)		(56	)		(374	)		13			50				78				141
Europe, Middle East and North Africa		203			23			92			130			448			153			207				246				606
Asia Pacific		276			47			25			17			365			118			175				257				550
Other International		(1	)		(6	)		(8	)		(11	)		(26	)		(4	)		(5	)			8				(1	)
Corporate and Other		(143	)		(268	)		(201	)		(265	)		(877	)		(261	)		(269	)			(198	)			(728	)
Consolidated		486			(994	)		(331	)		(201	)		(1,040	)		902			1,716				2,372				4,990
ADJUSTED EFFECTIVE INCOME TAX RATES
Alaska		23.0	%		26.6	%		47.6	%		128.6	%		62.9	%		26.4	%		22.7	%			21.7	%			23.0	%
Lower 48		18.0	%		22.5	%		23.3	%		73.7	%		28.3	%		23.3	%		21.7	%			22.0	%			22.2	%
Canada		27.2	%		25.0	%		24.9	%		33.4	%		26.8	%		28.3	%		26.2	%			25.7	%			26.2	%
Europe, Middle East and North Africa		36.9	%		132.9	%		19.0	%		40.9	%		23.3	%		70.2	%		70.3	%			72.7	%			71.3	%
Asia Pacific		32.5	%		41.3	%		70.0	%		75.9	%		42.6	%		49.3	%		39.4	%			31.9	%			38.8	%
Other International		28.6	%		-2.6	%		28.7	%		1.5	%		12.1	%		28.0	%		7.6	%			-7.1	%			61.3	%
Corporate and Other		-13.9	%		15.0	%		25.0	%		17.6	%		14.9	%		8.1	%		18.7	%			38.9	%			22.4	%
Consolidated		38.2	%		26.3	%		18.2	%		9.2	%		11.1	%		44.8	%		36.8	%	��		34.2	%			37.3	%

	2020															2021
$ Millions	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr	YTD
DETAILED SPECIAL ITEMS
Alaska
Transaction and restructuring expenses		-			-			-			-			-			(26	)		(2	)		(1	)			(29	)
Impairments		(154	)		109			-			(841	)		(886	)		-			-			-				-
Subtotal before income taxes		(154	)		109			-			(841	)		(886	)		(26	)		(2	)		(1	)			(29	)
Income tax provision (benefit)1		(34	)		28			-			(193	)		(199	)		(6	)		-			-				(6	)
Total		(120	)		81			-			(648	)		(687	)		(20	)		(2	)		(1	)			(23	)
Lower 48
Transaction and restructuring expenses		-			-			-			-			-			(175	)		(13	)		(15	)			(203	)
Net realized loss on accelerated settlement of Concho hedging program		-			-			-			-			-			(132	)		-			-				(132	)
Impairments		(561	)		50			-			(283	)		(794	)		-			-			89				89
Gain (loss) on asset sales		(38	)		2			-			-			(36	)		-			-			-				-
Pending claims and settlements		-			-			89			-			89			-			-			-				-
Subtotal before income taxes		(599	)		52			89			(283	)		(741	)		(307	)		(13	)		74				(246	)
Income tax provision (benefit)		(132	)		12			19			(62	)		(163	)		(71	)		(3	)		18				(56	)
Total		(467	)		40			70			(221	)		(578	)		(236	)		(10	)		56				(190	)
Canada
Impairments		(39	)		39			-			-			-			-			-			-				-
Gain (loss) on asset sales		-			-			-			-			-			-			68			100				168
Transaction and restructuring expenses		-			-			-			-			-			(3	)		-			-				(3	)
Subtotal before income taxes		(39	)		39			-			-			-			(3	)		68			100				165
Income tax provision (benefit)2		(10	)		(38	)		-			-			(48	)		-			16			23				39
Total		(29	)		77			-			-			48			(3	)		52			77				126
Europe, Middle East and North Africa
Impairments		(11	)		11			-			-			-			-			-			-				-
Transaction and restructuring expenses		-			-			-			-			-			(1	)		-			(24	)			(25	)
Subtotal before income taxes		(11	)		11			-			-			-			(1	)		-			(24	)			(25	)
Income tax provision (benefit)		(9	)		9			-			-			-			(1	)		-			(19	)			(20	)
Total		(2	)		2			-			-			-			-			-			(5	)			(5	)
Asia Pacific
Gain (loss) on asset sales		-			587			-			-			587			200			-			-				200
Impairments		(5	)		5			-			-			-			-			-			-				-
Transaction and restructuring expenses		-			-			-			-			-			(1	)		-			-				(1	)
Subtotal before income taxes		(5	)		592			-			-			587			199			-			-				199
Income tax provision (benefit)3		(1	)		(9	)		-			-			(10	)		-			-			-				-
Total		(4	)		601			-			-			597			199			-			-				199
Other International
Pending claims and settlements		29			-			-			-			29			-			-			-				-
Gain (loss) on asset sales		-			-			-			-			-			-			-			(147	)			(147	)
Exploration expense		-			-			-			(84	)		(84	)		-			-			-				-
Subtotal before income taxes		29			-			-			(84	)		(55	)		-			-			(147	)			(147	)
Income tax provision (benefit)		-			-			-			(17	)		(17	)		-			-			(42	)			(42	)
Total		29			-			-			(67	)		(38	)		-			-			(105	)			(105	)
Corporate and Other
Pension settlement expense		-			-			(27	)		(17	)		(44	)		-			(42	)		(28	)			(70	)
Pending claims and settlements		-			3			-			(46	)		(43	)		-			(48	)		-				(48	)
Transaction and restructuring expense		-			-			-			(24	)		(24	)		(85	)		(8	)		(12	)			(105	)
Gain (loss) on investment in Cenovus Energy		(1,691	)		551			(162	)		447			(855	)		308			418			17				743
Unrealized gain (loss) on CAD FX derivative		75			(12	)		(8	)		(17	)		38			(4	)		(8	)		-				(12	)
Subtotal before income taxes		(1,616	)		542			(197	)		343			(928	)		219			312			(23	)			508
Income tax provision (benefit)4		16			89			(8	)		(22	)		75			79			(23	)		(8	)			48
Total		(1,632	)		453			(189	)		365			(1,003	)		140			335			(15	)			460
Total Company		(2,225	)		1,254			(119	)		(571	)		(1,661	)		80			375			7				462
1Includes deferred tax adjustment in 2Q 2020 in Alaska.
2Includes recognition of a tax refund in 2Q 2020 in Canada.
3Includes tax adjustment in 2Q 2020 for the Australia-West disposition.
4Includes deferred tax adjustment related to foreign tax credits in 2Q 2020 and 1Q 2021.

	2020																2021
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			Full Year				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr	YTD
$ Millions																��
CONSOLIDATED BALANCE SHEET
Assets
Cash and cash equivalents		3,908			2,907			2,490			2,991			2,991				2,831			6,608			9,833				9,833
Short-term investments		3,866			3,985			4,032			3,609			3,609				4,104			2,251			678				678
Accounts and notes receivable		2,116			1,399			1,984			2,634			2,634				4,339			4,401			5,336				5,336
Accounts and notes receivable—related parties		148			133			135			120			120				142			123			129				129
Investment in Cenovus Energy		420			971			809			1,256			1,256				1,564			1,802			1,416				1,416
Inventories		726			982			1,034			1,002			1,002				1,098			1,138			1,043				1,043
Prepaid expenses and other current assets		1,960			676			575			454			454				536			849			1,746				1,746
Total Current Assets		13,144			11,053			11,059			12,066			12,066				14,614			17,172			20,181				20,181
Investments and long-term receivables		8,707			8,334			8,295			8,017			8,017				8,286			8,013			8,058				8,058
Loans and advances—related parties		167			167			114			114			114				59			59			-				-
Net properties, plants and equipment		40,645			41,120			41,269			39,893			39,893				58,270			57,717			56,689				56,689
Other assets		2,370			2,372			2,420			2,528			2,528				2,464			2,442			2,376				2,376
Total Assets		65,033			63,046			63,157			62,618			62,618				83,693			85,403			87,304				87,304
Liabilities
Accounts payable		2,900			2,060			2,217			2,669			2,669				3,779			3,591			4,101				4,101
Accounts payable—related parties		21			20			22			29			29				22			22			30				30
Short-term debt		126			146			482			619			619				689			1,205			920				920
Accrued income and other taxes		853			312			339			320			320				959			1,406			2,082				2,082
Employee benefit obligations		323			422			469			608			608				567			571			691				691
Other accruals		1,852			1,145			1,111			1,121			1,121				1,168			1,355			2,625				2,625
Total Current Liabilities		6,075			4,105			4,640			5,366			5,366				7,184			8,150			10,449				10,449
Long-term debt		14,847			14,852			14,905			14,750			14,750				19,338			18,805			18,748				18,748
Asset retirement obligations and accrued environmental costs		5,316			5,465			5,651			5,430			5,430				5,782			5,819			5,721				5,721
Deferred income taxes		4,141			3,901			3,854			3,747			3,747				4,982			5,331			5,630				5,630
Employee benefit obligations		1,563			1,586			1,661			1,697			1,697				1,530			1,297			1,162				1,162
Other liabilities and deferred credits		1,704			1,644			1,663			1,779			1,779				1,722			1,725			1,479				1,479
Total Liabilities		33,646			31,553			32,374			32,769			32,769				40,538			41,127			43,189				43,189
Equity
Common stock issued
Par value		18			18			18			18			18				21			21			21				21
Capital in excess of par		47,027			47,079			47,113			47,133			47,133				60,278			60,337			60,431				60,431
Treasury stock		(47,130	)		(47,130	)		(47,130	)		(47,297	)		(47,297	)			(47,672	)		(48,278	)		(49,521	)			(49,521	)
Accumulated other comprehensive income (loss)		(6,145	)		(5,825	)		(5,666	)		(5,218	)		(5,218	)			(5,080	)		(4,920	)		(5,123	)			(5,123	)
Retained earnings		37,545			37,351			36,448			35,213			35,213				35,608			37,116			38,307				38,307
Total Common Stockholders' Equity		31,315			31,493			30,783			29,849			29,849				43,155			44,276			44,115				44,115
Noncontrolling Interests		72			-			-			-			-				-			-			-				-
Total Equity		31,387			31,493			30,783			29,849			29,849				43,155			44,276			44,115				44,115
Total Liabilities and Equity		65,033			63,046			63,157			62,618			62,618				83,693			85,403			87,304				87,304

	2020															2021
	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)		(1,711	)		278			(450	)		(772	)		(2,655	)		982			2,091			2,379				5,452
Depreciation, depletion and amortization		1,411			1,158			1,411			1,541			5,521			1,886			1,867			1,672				5,425
Impairments		521			(2	)		2			292			813			(3	)		2			(89	)			(90	)
Dry hole costs and leasehold impairments		67			3			44			969			1,083			6			1			-				7
Accretion on discounted liabilities		67			66			62			57			252			62			63			61				186
Deferred taxes		(227	)		(93	)		(108	)		(406	)		(834	)		203			364			328				895
Undistributed equity earnings		31			373			46			195			645			81			236			(59	)			258
(Gain) loss on dispositions		42			(596	)		3			2			(549	)		(233	)		(59	)		(2	)			(294	)
(Gain) loss on investment in Cenovus Energy		1,691			(551	)		162			(447	)		855			(308	)		(418	)		(17	)			(743	)
Other		(284	)		40			56			231			43			(581	)		(107	)		(178	)			(866	)
Net working capital changes		497			(519	)		(360	)		10			(372	)		(15	)		211			702				898
Net Cash Provided by Operating Activities		2,105			157			868			1,672			4,802			2,080			4,251			4,797				11,128
Cash Flows from Investing Activities
Cash acquired from Concho		-			-			-			-			-			382			-			-				382
Capital expenditures and investments		(1,649	)		(876	)		(1,132	)		(1,058	)		(4,715	)		(1,200	)		(1,265	)		(1,302	)			(3,767	)
Working capital changes associated with investing activities		81			(332	)		22			74			(155	)		61			(59	)		77				79
Proceeds from asset dispositions		549			764			(1	)		5			1,317			(17	)		177			632				792
Net sales (purchases) of investments		(935	)		(95	)		(59	)		431			(658	)		(499	)		1,801			1,544				2,846
Collection of advances/loans—related parties		66			-			50			-			116			52			-			53				105
Other		(44	)		9			4			5			(26	)		6			80			(472	)			(386	)
Net Cash Used in Investing Activities		(1,932	)		(530	)		(1,116	)		(543	)		(4,121	)		(1,215	)		734			532				51
Cash Flows from Financing Activities
Net issuance (repayment) of debt		(24	)		(190	)		280			(20	)		46			(26	)		(18	)		(319	)			(363	)
Issuance of company common stock		2			-			(4	)		(3	)		(5	)		(28	)		3			52				27
Repurchase of company common stock		(726	)		-			-			(166	)		(892	)		(375	)		(606	)		(1,243	)			(2,224	)
Dividends paid		(458	)		(455	)		(454	)		(464	)		(1,831	)		(588	)		(583	)		(579	)			(1,750	)
Other		(24	)		(4	)		1			1			(26	)		2			1			3				6
Net Cash Used in Financing Activities		(1,230	)		(649	)		(177	)		(652	)		(2,708	)		(1,015	)		(1,203	)		(2,086	)			(4,304	)
Effect of Exchange Rate Changes		(122	)		29			31			42			(20	)		(2	)		11			(12	)			(3	)
Net Change in Cash, Cash Equivalents and Restricted Cash		(1,179	)		(993	)		(394	)		519			(2,047	)		(152	)		3,793			3,231				6,872
Cash, cash equivalents and restricted cash at beginning of period		5,362			4,183			3,190			2,796			5,362			3,315			3,163			6,956				3,315
Cash, Cash Equivalents and Restricted Cash at End of Period		4,183			3,190			2,796			3,315			3,315			3,163			6,956			10,187				10,187
CAPITAL EXPENDITURES AND INVESTMENTS
Alaska		509			223			150			156			1,038			235			228			235				698
Lower 48		776			354			268			483			1,881			718			762			770				2,250
Canada		74			68			451			58			651			33			35			61				129
Europe, Middle East and North Africa		121			130			159			190			600			121			136			128				385
Asia Pacific		103			85			92			104			384			76			72			87				235
Other International		53			10			3			55			121			6			12			15				33
Corporate and Other		13			6			9			12			40			11			20			6				37
Total Capital Expenditures and Investments		1,649			876			1,132			1,058			4,715			1,200			1,265			1,302				3,767

	2020												2021
	1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		Full Year		1st Qtr			2nd Qtr		3rd Qtr		4th Qtr	YTD
TOTAL SEGMENTS
Production
Total (MBOED)		1,289			981			1,067		1,169		1,127		1,527			1,588		1,544			1,553
Crude Oil (MBD)
Consolidated operations		642			460			535		581		555		804			836		802			814
Equity affiliates		12			14			13		14		13		14			13		13			13
Total		654			474			548		595		568		818			849		815			827
Over (under) lifting of crude oil (MBD)		(20	)		(9	)		12		40		6		(28	)		27		42			14
NGL (MBD)
Consolidated operations		116			85			89		98		97		105			120		123			116
Equity affiliates		7			8			8		8		8		8			8		7			8
Total		123			93			97		106		105		113			128		130			124
Bitumen (MBD)
Consolidated operations		66			34			49		69		55		70			68		69			69
Equity affiliates		-			-			-		-		-		-			-		-			-
Total		66			34			49		69		55		70			68		69			69
Natural Gas (MMCFD)
Consolidated operations		1,638			1,221			1,201		1,302		1,339		2,074			2,209		2,144			2,143
Equity affiliates		1,036			1,056			1,034		1,092		1,055		1,081			1,051		1,033			1,055
Total		2,674			2,277			2,235		2,394		2,394		3,155			3,260		3,177			3,198
Industry Prices
Crude Oil ($/BBL)
WTI		46.06			27.85			40.93		42.66		39.37		57.84			66.07		70.56			64.82
WCS		25.54			16.58			31.83		33.46		26.85		45.32			54.60		56.99			52.30
Brent dated		50.31			29.20			43.00		44.23		41.68		60.90			68.83		73.47			67.73
JCC ($/BBL)		65.89			67.71			30.58		40.83		51.25		43.77			55.88		67.00			55.55
Natural Gas ($/MMBTU)
Henry Hub first of month		1.95			1.71			1.98		2.67		2.08		2.71			2.83		4.02			3.19
Average Realized Prices
Total ($/BBL)		38.81			23.09			30.94		33.21		32.15		45.36			50.03		56.92			50.92
Crude Oil ($/BBL)
Consolidated operations		48.77			25.10			39.49		40.89		39.56		57.18			65.54		70.39			64.62
Equity affiliates		53.14			25.32			37.56		41.16		39.02		59.73			64.10		73.44			65.71
Total		48.86			25.10			39.45		40.89		39.54		57.22			65.51		70.43			64.63
NGL ($/BBL)
Consolidated operations		12.81			8.29			13.73		16.30		12.90		24.36			25.62		33.28			28.02
Equity affiliates		42.41			23.93			30.21		35.70		32.69		48.89			44.12		56.70			49.81
Total		14.82			9.88			15.29		17.98		14.61		26.44			26.87		34.79			29.58
Bitumen ($/BBL)
Consolidated operations		5.90			(23.11	)		15.87		19.41		8.02		30.78			37.60		41.19			36.61
Equity affiliates		-			-			-		-		-		-			-		-			-
Total		5.90			(23.11	)		15.87		19.41		8.02		30.78			37.60		41.19			36.61
Natural Gas ($/MCF)
Consolidated operations		3.60			2.64			2.77		3.47		3.17		4.89			4.25		5.93			5.02
Equity affiliates		5.41			3.90			2.61		2.93		3.71		3.54			3.97		5.95			4.48
Total		4.30			3.22			2.70		3.23		3.41		4.42			4.16		5.94			4.84
Exploration Expenses ($ Millions)
Dry holes		36			3			44		132		215		6			-		-			6
Leasehold impairment		31			-			-		837		868		-			1		-			1
Total noncash expenses		67			3			44		969		1,083		6			1		-			7
Other (G&A, G&G and lease rentals)		121			94			81		78		374		78			56		65			199
Total exploration expenses		188			97			125		1,047		1,457		84			57		65			206
U.S. exploration expenses		99			72			86		914		1,171		50			35		32			117
International exploration expenses		89			25			39		133		286		34			22		33			89
DD&A ($ Millions)
Alaska		209			191			274		322		996		317			262		201			780
Lower 48		707			548			619		680		2,554		1,000			1,017		988			3,005
Canada		69			66			95		109		339		126			93		85			304
Europe, Middle East and North Africa		196			167			194		212		769		219			234		217			670
Asia Pacific		217			170			217		205		809		211			240		167			618
Other International		-			-			-		-		-		-			-		-			-
Corporate and Other		13			16			12		13		54		13			21		14			48
Total DD&A		1,411			1,158			1,411		1,541		5,521		1,886			1,867		1,672			5,425

	2020											2021
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr			Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
PRODUCTION
Crude Oil (MBD)
Consolidated operations
Alaska		198		153		184		190			181		190		184		163			179
Lower 48		270		166		197		218			213		416		454		457			442
Canada		2		5		6		10			6		11		9		8			10
Norway		84		75		76		75			78		80		81		82			81
Libya		9		-		1		24			8		36		39		35			37
Europe, Middle East and North Africa		93		75		77		99			86		116		120		117			118
Australia/Timor-Leste		4		3		-		-			2		-		-		-			-
China		31		30		29		28			30		31		27		27			28
Indonesia		2		2		2		3			2		2		2		2			2
Malaysia		42		26		40		33			35		38		40		28			35
Asia Pacific		79		61		71		64			69		71		69		57			65
Total consolidated operations		642		460		535		581			555		804		836		802			814
Equity affiliates		12		14		13		14			13		14		13		13			13
Total		654		474		548		595			568		818		849		815			827
NGL (MBD)
Consolidated operations
Alaska		19		13		14		16			16		17		15		13			15
Lower 48		89		64		68		75			74		79		97		101			93
Canada		1		2		2		3			2		4		4		4			4
Norway		5		5		5		4			4		5		4		5			4
Europe, Middle East and North Africa		5		5		5		4			4		5		4		5			4
Australia/Timor-Leste		2		1		-		-			1		-		-		-			-
Asia Pacific		2		1		-		-			1		-		-		-			-
Total consolidated operations		116		85		89		98			97		105		120		123			116
Equity affiliates		7		8		8		8			8		8		8		7			8
Total		123		93		97		106			105		113		128		130			124
Bitumen (MBD)
Canada		66		34		49		69			55		70		68		69			69
Total		66		34		49		69			55		70		68		69			69
Natural Gas (MMCFD)									��
Consolidated operations
Alaska		8		8		14		9			10		8		11		11			10
Lower 48		679		486		566		611			585		1,319		1,459		1,389			1,389
Canada		20		40		43		57			40		91		84		73			83
Norway		297		263		256		267			270		295		284		291			290
Libya		13		1		-		6			5		14		13		12			13
Europe, Middle East and North Africa		310		264		256		273			275		309		297		303			303
Australia/Timor-Leste		237		114		-		-			87		-		-		-			-
Indonesia		309		266		283		300			290		290		290		299			293
Malaysia		75		43		39		52			52		57		68		69			65
Asia Pacific		621		423		322		352			429		347		358		368			358
Total consolidated operations		1,638		1,221		1,201		1,302			1,339		2,074		2,209		2,144			2,143
Equity affiliates		1,036		1,056		1,034		1,092			1,055		1,081		1,051		1,033			1,055
Total		2,674		2,277		2,235		2,394			2,394		3,155		3,260		3,177			3,198
Total (MBOED)
Consolidated operations
Alaska		218		167		201		208			198		208		201		178			196
Lower 48		472		311		359		395			385		715		794		790			767
Canada		72		48		64		91			70		100		95		93			96
Norway		139		124		124		123			127		134		132		135			133
Libya		11		-		1		25			9		39		41		37			39
Europe, Middle East and North Africa		150		124		125		148			136		173		173		172			172
Australia/Timor-Leste		46		24		-		-			17		-		-		-			-
China		31		30		29		28			30		31		27		27			28
Indonesia		54		46		49		53			50		50		50		52			51
Malaysia		54		33		47		42			44		48		52		40			46
Asia Pacific		185		133		125		123			141		129		129		119			125
Total consolidated operations		1,097		783		874		965			930		1,325		1,392		1,352			1,356
Equity affiliates		192		198		193		204			197		202		196		192			197
Total		1,289		981		1,067		1,169			1,127		1,527		1,588		1,544			1,553

	2020											2021
	1st Qtr		2nd Qtr			3rd Qtr		4th Qtr		Full Year		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr	YTD
AVERAGE REALIZED PRICES
Crude Oil ($/BBL)
Consolidated operations
Alaska		54.78		26.81			40.88		42.61		42.12		59.56		67.87		72.55			66.78
Lower 48***		40.97		19.87			36.43		38.50		35.17		55.68		64.13		68.59			63.14
Canada		-		8.69			25.16		28.57		23.57		47.41		56.87		58.99			53.81
Norway		54.92		32.32			41.79		41.62		42.80		56.72		66.10		72.36			65.60
Libya		64.21		-			-		44.93		48.64		59.78		66.88		72.57			66.68
Europe, Middle East and North Africa		55.53		32.32			41.79		42.35		43.30		57.75		66.34		72.43			65.94
Australia/Timor-Leste		47.35		47.21			-		-		47.34		-		-		-			-
China		54.10		25.09			39.75		42.80		40.29		58.27		65.63		74.39			66.03
Indonesia		29.33		30.64			36.41		41.21		34.97		53.79		57.16		61.35			57.63
Malaysia		57.67		30.59			46.43		42.42		45.26		62.27		69.77		75.65			68.97
Asia Pacific		54.71		27.98			42.79		42.50		42.84		60.36		67.72		74.66			67.41
Total consolidated operations		48.77		25.10			39.49		40.89		39.56		57.18		65.54		70.39			64.62
Equity affiliates		53.14		25.32			37.56		41.16		39.02		59.73		64.10		73.44			65.71
Total		48.86		25.10			39.45		40.89		39.54		57.22		65.51		70.43			64.63
NGL ($/BBL)
Consolidated operations
Lower 48		11.85		6.95			13.51		15.58		12.13		23.99		24.62		32.87			27.48
Canada		-		1.64			5.99		8.52		5.41		25.32		27.14		33.47			28.49
Norway		21.54		16.76			23.50		30.80		23.27		34.70		39.49		50.32			40.75
Europe, Middle East and North Africa		21.54		16.76			23.50		30.80		23.27		34.70		39.49		50.32			40.75
Australia/Timor-Leste		39.34		27.90			-		-		33.21		-		-		-			-
Asia Pacific		39.34		27.90			-		-		33.21		-		-		-			-
Total consolidated operations		12.81		8.29			13.73		16.30		12.90		24.36		25.62		33.28			28.02
Equity affiliates		42.41		23.93			30.21		35.70		32.69		48.89		44.12		56.70			49.81
Total		14.82		9.88			15.29		17.98		14.61		26.44		26.87		34.79			29.58
Bitumen ($/BBL)
Canada*		5.90		(23.11	)		15.87		19.41		8.02		30.78		37.60		41.19			36.61
Total		5.90		(23.11	)		15.87		19.41		8.02		30.78		37.60		41.19			36.61
Natural Gas ($/MCF)
Consolidated operations
Alaska		3.07		2.56			2.48		3.88		2.91		2.23		4.53		2.63			3.06
Lower 48***		1.48		1.18			1.63		2.21		1.65		4.56		3.27		4.63			4.13
Canada		-		0.79			0.71		1.77		1.21		2.37		2.26		2.45			2.36
Norway		3.65		2.21			2.40		4.39		3.23		6.15		7.36		12.28			8.63
Libya		4.53		-			-		2.26		3.71		2.71		3.02		4.17			3.27
Europe, Middle East and North Africa		3.68		2.21			2.40		4.34		3.23		5.99		7.17		11.96			8.40
Australia/Timor-Leste**		6.43		10.62			-		-		10.04		-		-		-			-
Indonesia		6.58		4.69			5.75		5.85		5.75		6.57		7.19		7.49			7.09
Malaysia		2.93		2.22			2.22		1.85		2.38		2.35		2.61		3.02			2.68
Asia Pacific		5.94		4.74			5.33		5.26		5.39		5.88		6.32		6.66			6.30
Total consolidated operations		3.60		2.64			2.77		3.47		3.17		4.89		4.25		5.93			5.02
Equity affiliates		5.41		3.90			2.61		2.93		3.71		3.54		3.97		5.95			4.48
Total		4.30		3.22			2.70		3.23		3.41		4.42		4.16		5.94			4.84
*Average realized prices exclude additional value realized from third-party purchases and sales for optimization of our pipeline capacity between Canada and the U.S. Gulf Coast.
**Excludes transfers to Darwin LNG plant.
***Average sales prices, including the impact of hedges settling per initial contract terms in the first quarter of 2021 assumed in our Concho acquisition, were $61.90 per barrel for crude oil and $4.07 per mcf for natural gas for the nine-month period ended September 30, 2021. As of March 31, 2021, we had settled all oil and gas hedging positions acquired from Concho.

	2020															2021
	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)		(1,775	)		185			(390	)		100			(1,880	)		(121	)		66			(213	)			(268	)
Detail of Earnings (Loss) ($ Millions)
Net interest expense		(155	)		(174	)		(179	)		(154	)		(662	)		(270	)		(181	)		(176	)			(627	)
Corporate G&A expenses		50			(90	)		(50	)		(110	)		(200	)		(129	)		(65	)		(57	)			(251	)
Technology*		1			(9	)		(8	)		(10	)		(26	)		41			(4	)		(6	)			31
Other		(1,671	)		458			(153	)		374			(992	)		237			316			26				579
Total		(1,775	)		185			(390	)		100			(1,880	)		(121	)		66			(213	)			(268	)
*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		(216	)		(216	)		(213	)		(216	)		(861	)		(241	)		(235	)		(236	)			(712	)
Capitalized interest		14			14			13			14			55			15			15			17				47
Interest revenue		42			22			9			15			88			6			4			5				15
Total		(160	)		(180	)		(191	)		(187	)		(718	)		(220	)		(216	)		(214	)			(650	)
Debt
Total debt ($ Millions)		14,973			14,998			15,387			15,369			15,369			20,027			20,010			19,668				19,668
Debt-to-capital ratio (%)		32	%		32	%		33	%		34	%		34	%		32	%		31	%		31	%			31	%
Equity ($ Millions)		31,387			31,493			30,783			29,849			29,849			43,155			44,276			44,115				44,115

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