ConocoPhillips (COP) 10-Q 1 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2016shares
Document and Entity Information [Abstract]
Entity Registrant Name	CONOCOPHILLIPS
Entity Central Index Key	1,163,165
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,239,027,409
Trading Symbol	COP

Consolidated Income Statement

Consolidated Income Statement - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues and Other Income
Sales and other operating revenues	$ 6,415,000,000	$ 7,262,000,000	$ 16,884,000,000	$ 23,271,000,000
Equity in earnings (losses) of affiliates	(60,000,000)	223,000,000	(129,000,000)	686,000,000
Gain on Dispositions	51,000,000	18,000,000	202,000,000	122,000,000
Other income	110,000,000	4,000,000	149,000,000	90,000,000
Total Revenues and Other Income	6,516,000,000	7,507,000,000	17,106,000,000	24,169,000,000
Costs and Expenses
Purchased commodities	2,819,000,000	3,269,000,000	7,046,000,000	9,736,000,000
Production and operating expenses	1,526,000,000	1,834,000,000	4,325,000,000	5,434,000,000
Selling, general and administrative expenses	203,000,000	293,000,000	556,000,000	670,000,000
Exploration expenses	457,000,000	1,061,000,000	1,572,000,000	2,092,000,000
Depreciation, depletion and amortization	2,425,000,000	2,271,000,000	7,001,000,000	6,731,000,000
Impairments	123,000,000	24,000,000	321,000,000	118,000,000
Taxes other than Income Taxes	161,000,000	206,000,000	538,000,000	655,000,000
Accretion on discounted liabilities	108,000,000	122,000,000	329,000,000	365,000,000
Interest and debt expense	335,000,000	240,000,000	928,000,000	652,000,000
Foreign currency transaction (gains) losses	13,000,000	(72,000,000)	12,000,000	(96,000,000)
Total Costs and Expenses	8,170,000,000	9,248,000,000	22,628,000,000	26,357,000,000
Income (Loss) before income taxes	(1,654,000,000)	(1,741,000,000)	(5,522,000,000)	(2,188,000,000)
Income tax provision (benefit)	(628,000,000)	(685,000,000)	(1,982,000,000)	(1,254,000,000)
Net income (loss)	(1,026,000,000)	(1,056,000,000)	(3,540,000,000)	(934,000,000)
Less: net income attributable to noncontrolling interests	(14,000,000)	(15,000,000)	(40,000,000)	(44,000,000)
Net Income (Loss) Attributable to ConocoPhillips	$ (1,040,000,000)	$ (1,071,000,000)	$ (3,580,000,000)	$ (978,000,000)
Earnings Per Share, Basic [Abstract]
Earnings Per Share, Basic	$ (0.84)	$ (0.87)	$ (2.88)	$ (0.8)
Earnings Per Share, Diluted [Abstract]
Earnings Per Share, Diluted	(0.84)	(0.87)	(2.88)	(0.8)
Dividends Paid Per Share of Common Stock (dollars)	$ 0.25	$ 0.74	$ 0.75	$ 2.2
Average Common Shares Outstanding (in thousands)
Basic	1,245,961	1,242,125	1,245,139	1,241,319
Diluted	1,245,961	1,242,125	1,245,139	1,241,319

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2016		Sep. 30, 2015
Consolidated Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (1,026)		$ (1,056)		$ (3,540)		$ (934)
Defined benefit plans
Prior service credit (cost) arising during the period				163				303
Reclassification adjustment for amortization of prior service cost (credit) included in net income		(7)		(5)		(25)		(9)
Net actuarial gain (loss) arising during the period		(31)		(231)		(331)		(216)
Reclassification adjustment for amortization of net actuarial losses included in net income		47		126		229		278
Nonsponsored plans	[2]	2	[1]	0	[1]	2		0
Income taxes on defined benefit plans		(2)		(18)		51		(128)
Defined benefit plans, net of tax		9		35		(74)		228
Foreign currency translation adjustments		(82)		(2,544)		877		(4,493)
Income taxes on foreign currency translation adjustments		0		25		0		42
Foreign currency translation adjustments, net of tax		(82)	[3]	(2,519)		877	[3]	(4,451)
Other Comprehensive Income (Loss), Net of Tax		(73)		(2,484)		803		(4,223)
Comprehensive Income (Loss)		(1,099)		(3,540)		(2,737)		(5,157)
Less: comprehensive income attributable to noncontrolling interests		(14)		(15)		(40)		(44)
Comprehensive Income (Loss) Attributable to ConocoPhillips		$ (1,113)		$ (3,555)		$ (2,777)		$ (5,201)
[1]	*Plans for which ConocoPhillips is not the primary obligor-primarily those administered by equity affiliates.See Notes to Consolidated Financial Statements.
[2]	*Plans for which ConocoPhillips is not the primary obligor-primarily those administered by equity affiliates.See Notes to Consolidated Financial Statements.
[3]	*Foreign Currency Translation is primarily a result of the weakening of the U.S. dollar relative to the Canadian dollar and Norwegian krone.

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 4,090	$ 2,368
Short-term investments	234
Accounts and notes receivable (net of allowance of $6 million in 2016 and $7 million in 2015)	3,163	4,314
Accounts and notes receivable-related parties	157	200
Inventories	1,108	1,124
Prepaid expenses and other current assets	889	783
Total Current Assets	9,641	8,789
Investments and long-term receiavables	21,283	20,490
Loans and advances-related parties	581	696
Net properties, plants and equipment (net of accumulated depreciation, depletion and amortization of $72,984 million in 2016 and $70,413 million in 2015)	61,649	66,446
Other assets	1,130	1,063
Total Assets	94,284	97,484
Liabilities
Accounts payable	3,686	4,895
Accounts payable-related parties	65	38
Short-term debt	1,336	1,427
Accrued income and other taxes	394	499
Employee benefit obligations	757	887
Other accruals	1,299	1,510
Total Current Liabilities	7,537	9,256
Long-term debt	27,353	23,453
Asset retirement obligations and accrued environmental costs	9,820	9,580
Deferred income taxes	9,034	10,999
Employee benefit obligations	2,471	2,286
Other liabilities and deferred credits	1,613	1,828
Total Liabilities	57,828	57,402
Equity
Common stock (2,500,000,000 shares authorized at $.01 par value)	18	18
Capital in excess of par	46,480	46,357
Treasury stock (at cost: 2016-542,230,673 shares; 2015-542,230,673 shares)	(36,780)	(36,780)
Accumulated other comprehensive income (loss)	(5,444)	(6,247)
Retained earnings	31,896	36,414
Total Common Stockholders' Equity	36,170	39,762
Noncontrolling interests	286	320
Total Equity	36,456	40,082
Total Liabilities and Equity	$ 94,284	$ 97,484

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheet [Abstract]
Allowance for accounts and notes receivable	$ 6	$ 7
Accumulated depreciation, depletion and amortization	$ 72,984	$ 70,413
Common stock, shares authorized	2,500,000,000	2,500,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	1,781,258,082	1,778,226,388
Treasury stock, shares	542,230,673	542,230,673

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows From Operating Activities
Net income (loss)	$ (3,540,000,000)	$ (934,000,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation, depletion and amortization	7,001,000,000	6,731,000,000
Impairments	321,000,000	118,000,000
Dry hole costs and leasehold impairments	1,010,000,000	1,238,000,000
Accretion on discounted liabilities	329,000,000	365,000,000
Deferred taxes	(2,152,000,000)	(1,284,000,000)
Distributions received greater than equity losses (undistributed equity earnings)	414,000,000	(79,000,000)
Gain on dispositions	(202,000,000)	(122,000,000)
Other	(50,000,000)	(259,000,000)
Working capital adjustments
Decrease (increase) in accounts and notes receivable	1,112,000,000	1,913,000,000
Decrease (increase) in inventories	22,000,000	159,000,000
Decrease (increase) in prepaid expenses and other current assets	46,000,000	255,000,000
Increase (decrease) in accounts payable	(515,000,000)	(1,618,000,000)
Increase (decrease) in taxes and other accruals	(836,000,000)	(507,000,000)
Net Cash Provided by Operating Activities	2,960,000,000	5,976,000,000
Cash Flows From Investing Activities
Capital expenditures and investments	(3,870,000,000)	(7,913,000,000)
Working capital changes associated with investing activities	(401,000,000)	(842,000,000)
Proceeds from asset dispositions	419,000,000	323,000,000
Net sales (purchases) of short-term investments	(229,000,000)
Collection of advances/loans-related parties	108,000,000	105,000,000
Other	61,000,000	298,000,000
Net Cash Used in Investing Activities	(3,912,000,000)	(8,029,000,000)
Cash Flows From Financing Activities
Issuance of debt	4,594,000,000	2,498,000,000
Repayment of debt	(839,000,000)	(92,000,000)
Issuance of company common stock	(52,000,000)	(69,000,000)
Dividends paid	(940,000,000)	(2,741,000,000)
Other	(93,000,000)	(50,000,000)
Net Cash Provided by (Used in) Financing Activities	2,670,000,000	(454,000,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4,000,000	(142,000,000)
Net Change in Cash and Cash Equivalents	1,722,000,000	(2,649,000,000)
Cash and cash equivalents at beginning of period	2,368,000,000	5,062,000,000
Cash and Cash Equivalents at End of Period	$ 4,090,000,000	$ 2,413,000,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 —Basis of Presentation The interim-period financial information presented in the financial statements included in this report is unaudited and, in the opinion of management, includes all known accruals and adjustments necessary for a fair presentation of the consolidated financial position of ConocoPhillips and its results of operations and cash flows for such periods. All such adjustments are of a normal and recurring nature unless otherwise disclosed. Certain notes and other information have been condensed or omitted from the interim financial statements included in this report. Therefore, these financial statements should be read in conjunction with the consolidated financial statements and notes included in our 2015 Annual Report on Form 10-K. Effective November 1, 2015, the Other International and historically presented Europe segments were restructured to align with cha nges to our internal organization structure. The Libya business was moved from the Other International segment t o the historically presented Europe segment, which is now renamed Europe and North Africa. Certain financial information has been revised for all prior periods presented to reflect the change in the composition of our operating segments. For additional i nformation, see Note 19— Segment Disclosures and Related Information.

Change in Accounting Principles

Change in Accounting Principles	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Changes in Accounting Principles [Text Block]	Note 2 — Change in Accounting Principles We adopted the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2015-02 , “Amendments to the Consolidation Analysis,” beginning January 1, 2016. The ASU amends existing requirements applicable to reporting entities that are required to evaluate whether certain legal entities, including variable interest entities (VIEs), should be consolidated. The adoption of this ASU did not have an impact on our consolidated f inancial statements and disclosures. See Note 3 — Variable Interest Entities, for additional information on our significant VIE.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	9 Months Ended
	Sep. 30, 2016
Variable Interest Entities VIEs [Abstract]
Variable Interest Entities (VIEs)	Note 3 —Variable Interest Entities We hold variable interests in VIEs that have not been consolidated because we are not considered the primary beneficiary. Information on our significant VIE follows: Australia Pacific LNG Pty Ltd (APLNG) APLNG is considered a VIE, as it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. We are not the primary beneficiary of APLNG because we share with Origin Energy and China Petrochem ical Corporation (Sinopec) the power to direct the key activities of APLNG that most significantly impact its economic performance, which involve activities related to the production and commercialization of coalbed methane, as well as liquefied natural ga s (LNG) processing and export marketing. As a result, we do not consolidate APLNG, and it is accounted for as an equity method investment. As of September 30, 2016 , we have not provided any financial support to APLNG other than amounts previously contractual ly required. Unless we elect otherwise, we have no requirement to provide liquidity or purchase the assets of APLNG. See Note 6 —Investments, Loans and Long-Term Receivables, and Note 11 —Guarantees, for additional information.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventories [Abstract]
Inventories	Note 4—Inventories Inventories consisted of the following: Millions of Dollars September 30 December 31 2016 2015 Crude oil and natural gas $ 436 406 Materials and supplies 672 718 $ 1,108 1,124 Inventories valued on the last-in, first-out (LIFO) basis totaled $ 307 million and $ 317 million at September 30, 2016 and December 31, 2015 , respectively. The estimated excess of current replacement cost over LIFO cost of inventories was approximately $ 62 million and $ 6 million at September 30, 2016 a nd December 31, 2015 , respectively.

Assets Held for Sale or Sold

Assets Held for Sale or Sold	9 Months Ended
	Sep. 30, 2016
Disposal Group Excluding Discontinued Operation Additional Disclosures [Abstract]
Disposal Groups Exluding Discontinued Operations Disclosure [TextBlock]	Note 5 —Assets Held for Sale, Sold, or Other Planned Dispositions Assets Sold All gains or losses are reported before-tax and are included net in the “Gain on dispositions” line on our consolidated income statement. On April 22, 2016 , we sold our interest in the Alaska Beluga River Unit natural gas field in the Cook Inlet for $ 134 million , net of settlement of gas imbalances and customary adjustments , and recognized a gain on disposition of $ 56 million . At the time of disposition, the net carrying value of our Beluga River Unit interest, which was included in the Alaska segment, was $ 78 million, consisting primarily of $ 100 million of properties, plants and equipment (PP&E) and $ 19 mill ion of asset retirement obligations (ARO). Assets Held for Sale On September 18, 2016 , we entered into a definitive agreement to sell our 40 percent interest in South Natuna Sea Block B . The transaction is expected to close in the fourth quar ter of 2016. At September 30, 2016, the asset was considered held for sale and a before-tax impairment of $ 42 million was recorded in the third quarter to reduce the carrying value to fair value of approximately $ 239 million. W e reclassified $ 162 million of related noncurrent assets, primarily PP&E, to “Prepaid expenses and other current assets” and $ 50 million of noncurrent liabilities, comprised of employee pension obligations and other liabilities, to “Employee benefit obligations” and “Other accruals,” within current liabilities, on our consolidated balance sheet as of September 30, 2016 . Our interest in Block B is included in the Asia Pacific and Middle East segment. On October 13 , 2016, we comple ted an asset exchange with Bonavista Energy in which we gave up approximately 143,000 net acres of non-core developed properties in central Alberta in e xchange for approximately 40,000 net acres of primarily undeveloped properties in northeast Bri tish Columbia. The fair value of the transaction was de termined to be approximately $ 69 million. The divested properties, which were included in the Canada segment, were considered held for sale at September 30, 2016 , resulting in the recognitio n o f a before-tax impairment of $ 57 million in the third quarter of 2016 to reduce the carrying value to fair value. We reclassified $ 65 million of PP&E to “Prepaid expenses a nd other current assets” and $ 27 million of noncurrent liabilities, primarily asset retirement obligat ions, to “Other accruals,” on our consolidated balance sheet as of Septemb er 30, 2016. Other Planned Dispositions On October 28, 2016, we sold our 35 percent interest in three exploration blocks offshore Senegal for approximately $ 440 million, including net customary adjustments of approximately $ 90 million . In addition, we provided an indemnification to the buyer for certain potential losses related to the disposition. The three blocks had a net book value of approximately $ 285 million as of September 30, 2016. Senegal results of operations are reported within our Other International segment.

Investments, Loans and Long-Ter

Investments, Loans and Long-Term Receivables	9 Months Ended
	Sep. 30, 2016
Investments, Loans and Long-Term Receivables [Abstract]
Investments, Loans and Long-Term Receivables	Note 6 —Investments, Loans and Long-Term Receivables APLNG APLNG’s $ 8.5 billion project finance facility consists of financing agreements executed by APLNG with the Export-Import Bank of the United States for approximately $ 2.9 billion, the Export-Import Bank of China for approximately $ 2.7 billion, and a syndicate of Australian and international commercial banks for approximately $ 2.9 billion. At September 30, 2016 , $ 8.5 billion had been drawn from the facility. In connection with the execution of the project financing, we provided a completion guarantee for our pro-rata share of the project finance facility until the project achieves financial completion. In October 2016, we reached completio n for Train 1, which will reduce our associated guarantee by 60 percent . See Note 11 — Guarantees, for additional information. APLNG is considered a VIE, as it has entered into certain contractual arrangements that provide it with additional forms of subordinated financial support. See Note 3 — Variable Interest Entities, for additional information. On July 1, 2016, APLNG changed its tax functional currency from Australian dollar to U.S. dollar and translated all APLNG assets and liabilit ies into U.S. dollar, utilizing the exchange rate as of that date. As a result of this change, we recorded a reduction to our investment in APLNG for the deferred tax effect of $ 174 million in the “Equity in earnings (losses) of affiliates” line of our consolidated income statement in the third quarter of 2016. During the third quarter of 2016, the outlook for crude oil prices weakened, and as a result, the estimated fair value of o ur investment in APLNG declined to an amount below book value. Based on a review of the facts and circumstances surrounding this decline in fair value, we concluded the impairment was not other than temporary under the guidance of FASB Accounting Standard s Codification (ASC) Topic 323, “Investments – Equity Method and Joint Ventures.” In reaching this conclusion, we primarily considered: (1) the volatility and uncertainty in commodity markets; (2) the intent and ability of ConocoPhillips to retain our inv estment in APLNG; (3) the impact of the passage of time on the estimate of fair value; and (4) the short length of time book value has been less than market value (fair value exceeded book value as of June 30, 2016) . Fair value has been estimated based on an internal discounted cash flow model using estimates of future production, prices from futures exchanges and pricing service companies, costs, foreign currency rates, and a discount factor believed to be consistent with those used by principal market pa rticipants. At September 30, 2016 , the fair value of our investment in APLNG was estimated to be $ 9,906 million, resulting in an unrecognized impairment of $ 272 million. We will continue to monitor the relationship between the book value a nd the fair value of APLNG. Should we determine in the future there has been a loss in the book value of our investment that is other than temporary, we would record a noncash impairment of our equity investment, calculated as the total difference between book value and fair value as of the end of the reporting period. At September 30, 2016 , the book value of our equity method investment in APLNG was $ 10,178 million. The balance is included in the “Investments and long-term receivables” line on our consolidated balance sheet. FCCL At September 30, 2016 , the book value of our equity method investment in FCCL Partnership was $ 8,885 million, net of a $ 1,477 million reduction due to cumulative foreign currency translation effects. The balance i s included in the “Investments and long-term receivables” line on our consolidated balance sheet. Loans and Long-Term Receivables As part of our normal ongoing business operations, and consistent with industry practice, we enter into numerous agreements with other parties to pursue business opportunities. Included in such activity are loans made to certain affiliated and non-affiliated companies. At September 30, 2016 , significant loans to affiliated companies included $ 696 million in project financi ng to Qatar Liquefied Gas Company Limited (3) (QG3). The long-term portion of these loans is included in the “Loans and advances—related parties” line on our consolidated balance sheet, while the short-term portion is in “Accounts and notes receivable—rel ated parties.”

Suspended Wells and Wells in Pr

Suspended Wells and Wells in Progress	9 Months Ended
	Sep. 30, 2016
Suspended Wells [Abstract]
Suspended Wells	Note 7 —Suspended Wells and Other Exploration Expenses The capitalized cost of suspended wells at September 30, 2016 , was $ 1,342 million, an increase of $ 82 million from $ 1,260 million at year-end 2015 . Two suspended wells in the Gulf of Mexico totaling $ 100 million were charged to dry hole expense during the first nine months of 2016 relating to exploratory well costs capitalized for a period greater than one year as of December 31, 2015 . In July 2016, we entered into an agreement to terminate our final Gulf of Mexico deepwater drillship contract. The drillship, used to drill our operated deepwater well inventory in the Gulf of Mexico through April 2016, was contracted on a shared, three-year term. Accordingly, w e recorded before-tax rig cancellation charg es and third party costs of $ 134 million in our Lower 48 segment in the third quarter of 2016. These charges are included in the “Exploration expenses” line on our consolidated income statement.

Impairments

Impairments	9 Months Ended
	Sep. 30, 2016
Impairment Of Long Lived Assets [Abstract]
Impairments	Note 8—Impairments During the three- and nine-month periods ended September 30, 2016 and 2015, we recognized before-tax impairment charges within the following segments: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Alaska $ - 2 - 9 Lower 48 1 6 61 6 Canada 60 - 60 - Europe and North Africa 20 9 157 96 Asia Pacific and Middle East 42 6 43 6 Corporate and Other - 1 - 1 $ 123 24 321 118 I n the three- and nine-month periods ended September 30, 2016, o ur Canada and Asia Pacific and Middle East segments included before-tax impairments of $60 million and $42 million, respectively, primarily related to certain developed properties in central Alberta and offshore Indonesia, which were classified as held for sale at September 30, 2016, and were written down to fair value less costs to sell. Our Europe and North Africa segment included before-tax impairments of $20 million in the three-month per iod ended September 30, 2016, primarily as a result of a canceled project and lower natural gas prices, both in the United Kingdom. In the nine-month period of 2016, our Europe and North Africa segment included before-tax impairments of $157 million, prim arily as a result of lower natural gas prices in the United Kingdom. Our Lower 48 segment included impairments of $61 million before-tax in the nine-month period of 2016, primarily as a result of lower natural gas prices and increased asset retirement obl igation estimates. The nine-month period of 2015 included impairments in our Europe and North Africa segment of $96 million, primarily as a result of lower natural gas prices in the United Kingdom. The charges discussed below are included in the “Exp loration expenses” line on our consolidated income statement and are not reflected in the table above. Exploration expenses in the nine-month period of 2016 were aligned with our decision announced in 2015 to reduce deepwater exploration spending. We rec orded a $203 million before-tax impairment for the associated carrying value of our Gibson and Tiber undeveloped leaseholds in deepwater Gulf of Mexico in the second quarter of 2016. Additionally, in the first quarter of 2016, we recorded a $95 million be fore-tax impairment for the associated carrying value of capitalized undeveloped leasehold costs of the Melmar prospect and a $73 million impairment in our Lower 48 segment, primarily as a result of changes in the estimated market value following the compl etion of an initial marketing effort.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt [Abstract]
Debt	Note 9 —Debt In the first quarter of 2016, we reduced our revolving credit facility, expiring in June 2019, from $ 7.0 billion to $ 6.75 billion . We have two commercial paper programs supported by our $ 6.75 billion revolving credit facility: the ConocoPhillips $ 6.25 billion program, primarily a funding source for short-term working capital needs, and the ConocoPhillips Qatar Funding Ltd. $ 500 million program, which is used to fund commitments relating to QG3. Commercial paper maturities are generally limited to 90 days. At September 30, 2016 and December 31, 2015 , we had no direct outstanding borrowings under the revolving credit facility, with no letters of credit as of September 30, 2016 or December 31, 2015 . Under the ConocoPhillips Qatar Funding Ltd. commercial paper program, no commercial paper was outstanding at September 30, 2016 , compared with $ 803 million at December 31, 2015 . Since we had no commercial paper outstanding and had issued no letters of credit, we had access to $ 6.75 billion in borrowing capacity under our revolving credit facility at September 30, 2016 . On October 17, 2016, the $ 1,250 million 5.625 % Notes du e 2016 were repaid at maturity. In March 2016, we issued notes consisting of: The $ 1,250 million of 4.20 % Notes due 2021. The $ 1,250 million of 4.95 % Notes due 2026. The $ 500 million of 5.95 % Notes due 2046. In addition, on March 18, 2016, we entered into a $ 1,600 million three-year senior unsecured term loan facility. Borrowings will accrue interest at a base rate or, for certain Eurodollar borrowings, the London Interbank Offer ed Rate (LIBOR), in each case plus a margin that is set based on our corporate credit ratings. The applicable margin for loans bearing interest based on the base rate ranges from 0.50% to 1.00% and the applicable margin for loans bearing interest based on LIBOR ranges from 1.50% to 2.00%. Based on our current corporate credit ratings, the applicable margin for loans accruing interest at the base rate is 0.50% and the applicable margin for loans accruing interest at LIBOR is 1.50%. The term loan facility contains customary covenants regarding, among other matters, material compliance with laws and restrictions against certain consolidations, mergers and asset sales and creation of certain liens on our assets and consolidated subsidiaries. The term loan fac ility also contains financial covenants including a total debt to capitalization ratio, excluding the impacts of certain noncash impairments and foreign currency translation adjustments as defined in the Term Loan Agreement, which may not exceed 65 percent . At September 30, 2016 , we were in compliance with this covenant. The term loan facility includes customary events of default (subject to specified cure periods, materiality qualifiers and exceptions), including the failure to pay any interest, principal or fees when due, the failure to perform or the violation of any covenant contained in the term loan facility, the making of materially inaccurate or false representations or warranties, a default on certain material indebtedness, insolvency or bankruptcy, a change of control and the occurrence of material Employee Retirement Income Security Act of 1974 (ERISA) events and certain judgments against us or our material subsidiaries. We have the right at any time and from time to time to prepay the term loan, in whole or in part, without premium or penalty upon notice to the Administrative Agent. The net proceeds of the notes and term loan will be used for general corporate purposes. At September 30, 2016 , we had $ 283 million of certain variable rate demand b onds (VRDBs) outstanding with maturities ranging through 2035. The VRDBs are redeemable at the option of the bondholders on any business day. The VRDBs are included in the “Long-term debt” line on our consolidated balance sheet.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interests [Abstract]
Noncontrolling Interests	Note 10—Noncontrolling Interests Activity attributable to common stockholders’ equity and noncontrolling interests for the first nine months of 2016 and 2015 was as follows: Millions of Dollars 2016 2015 Common Stockholders’ Equity Non-Controlling Interest Total Equity Common Stockholders’ Equity Non-Controlling Interest Total Equity Balance at January 1 $ 39,762 320 40,082 51,911 362 52,273 Net income (loss) (3,580) 40 (3,540) (978) 44 (934) Dividends (940) - (940) (2,741) - (2,741) Distributions to noncontrolling interests - (75) (75) - (62) (62) Other changes, net* 928 1 929 (3,982) 1 (3,981) Balance at September 30 $ 36,170 286 36,456 44,210 345 44,555 *Includes components of other comprehensive income (loss), which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Guarantees

Guarantees	9 Months Ended
	Sep. 30, 2016
Guarantees [Abstract]
Guarantees	Note 11 —Guarantees At September 30, 2016 , we were liable for certain contingent obligations under various contractual arrangements as described below. We recognize a liability, at inception, for the fair value of our obligation as a guarantor for newly issued or modified guarantees. Unless the carrying amount of the liability is noted below, we have not recognized a liability because the fair value of the obligation is immaterial. In addition, unless otherwise stated, we are not currently performing wi th any significance under the guarantee and expect future performance to be either immaterial or have only a remote chance of occurrence. APLNG Guarantees At September 30, 2016 , we had outstanding multiple guarantees in connection with our 37.5 percent ownership interest in APLNG. The following is a description of the guarantees with values calculated utilizing September 2016 exchange rates: We have guaranteed APLNG’s performance with regard to a construction contract executed in connection with APLNG’s issuance of the Train 1 and Train 2 Notices to Proceed. We estimate the remaining term of this guarantee is one year . Our maximum potential amount of future payments related to this guarantee is approximately $ 80 million and would become payable if APLNG cancels the applicable construction contract and does not perform with respect to the amounts owed to the contractor. We have issued a construction completion guarantee related to the third-party project financing secured by APLNG. Our maximum potential amount of future payments under the guarantee is estimated to be $ 3.2 billion, which could be payable if the full debt financing capacity is utilized and completion of the project i s not achieved. Our guarantee of the project financing will be released upon meeting certain completion tests with milestones. Our maximum exposure at September 30, 2016 , is $ 3.2 billion based upon our pro-rata share of the facility used at that date. At September 30, 2016 , the carrying value of this guarantee is approximately $ 114 million. In October 2016, we reached completion for Train 1, which will reduce our maximu m potential amount of future payments to $ 1.3 billion and the carrying amount of the guarantee to approximately $ 45 million. The remaining guarantee is expected to be released in 2017 . During the third quarter of 2016, we issued a guarantee for our pro-rata portion of the funds in a project finance reserve account. We estimate the remaining term of this guarantee is 13 years . Our maximum exposure under this guarantee is approximat ely $ 100 million and may become payable if an enforcement action is commenced by the project finance lenders against APLNG. At September 30, 2016, the carrying value of this guarantee is approximately $ 9 m illion. In conjunction with our original purchase of an ownership interest in APLNG from Origin Energy in October 2008, we agreed to reimburse Origin Energy for our share of the existing contingent liability arising under guarantees of an existing obligat ion of APLNG to deliver natural gas under several sales agreements with remaining terms of 1 to 26 years . Our maximum potential liability for future payments, or cost of volume delivery, under these guarantees is estimated to be $ 1.0 billion ($ 1.9 billion in the event of intentional or reckless breach), and would become payable if APLNG fails to meet its obligations under these agreements and the obligations cannot otherwise be mitigated. Future payments are considered unlikely, as the payments, or cost of volume delivery, would only be triggered if APLNG does not have enough natural gas to meet these sales commitments and if the co-venturers do not make necessary equity contributions into APLNG. We have guaranteed the performance of APLNG with regard to certain other contracts executed in connection with the project’s continued development. The guarantees have remaining terms of up to 29 years or the life of the venture . Our maximum potential amount of future payments related to these guarantees is approximately $ 170 million and would become payable if APLNG does not perform. Other Guarantees We have other guarantees with maximum future potential payment amounts totaling approximately $ 520 million, which consist primarily of a guarantee of the residual value of a leased office building, guarantees of the residual value of leased corporate aircraft, a guarantee for our portion of a joint venture’s project finance reserve accoun ts, and a guarantee of minimum charter revenue for an LNG vessel. These guarantees have remaining terms of up to eight years and would become payable if, upon sale, certain asset values are lower than guaranteed amounts, business conditions decline at guara nteed entities, or as a result of nonperformance of contractual terms by guaranteed parties. Indemnifications Over the years, we have entered into agreements to sell ownership interests in certain corporations, joint ventures and assets that gave rise to qualifying indemnifications. These agreements include indemnifications for taxes, environmental liabilities, employee claims and litigation. The terms of these indemnifications vary greatly. The majority of these indemnifications are related to environ mental issues, the term is generally indefinite and the maximum amount of future payments is generally unlimited. The carrying amount recorded for these indemnifications at September 30, 2016 , was approximately $ 90 million. We amortize the in demnification liability over the relevant time period, if one exists, based on the facts and circumstances surrounding each type of indemnity. In cases where the indemnification term is indefinite, we will reverse the liability when we have information th e liability is essentially relieved or amortize the liability over an appropriate time period as the fair value of our indemnification exposure declines. Although it is reasonably possible future payments may exceed amounts recorded, due to the nature of the indemnifications, it is not possible to make a reasonable estimate of the maximum potential amount of future payments. Included in the recorded carrying amount at September 30, 2016 , were approximately $ 40 million of environmental accruals fo r known contamination that are included in the “Asset retirement obligations and accrued environmental costs” line on our consolidated balance sheet. For additional information about environmental liabilities, see Note 12 —Contingencies and Commitme nts. On March 1, 2015, a supplier to one of the refineries included in Phillips 66 as part of the separation of our Downstream businesses formally registered Phillips 66 as a party to the supply agreement, thereby triggering a guarantee we provided at the time of separation. Our maximum potential liability for future payments under this guarantee, which would become payable if Phillips 66 does not perform its contractual obligations under the supply agreement, is approximately $ 1.5 bi llion. At September 30, 2016 , the carrying value of this guarantee is approximately $ 98 million and the remaining term is eight years . Because Phillips 66 has indemnified us for losses incurred under this guarantee, we have recorded an indemnif ication asset from Phillips 66 of approximately $ 98 million. The recorded indemnification asset amount represents the estimated fair value of the guarantee; however, if we are required to perform under the guarantee, we would expect to recove r from Phillips 66 any amounts in excess of that value, provided Phillips 66 is a going concern.

Contingencies and Commitments

Contingencies and Commitments	9 Months Ended
	Sep. 30, 2016
Contingencies and Commitments [Abstract]
Contingencies and Commitments	Note 12 —Contingencies and Commitments A number of lawsuits involving a variety of claims arising in the ordinary course of business have been filed against ConocoPhillips. We also may be required to remove or mitigate the effects on the environment of the placement, storage, disposal or release of certain chemical, mineral and petroleum substances at various active and inactive sites. We regularly assess the need for accounting recognition or disclosure of these contingencies. In the ca se of all known contingencies (other than those related to income taxes), we accrue a liability when the loss is probable and the amount is reasonably estimable. If a range of amounts can be reasonably estimated but no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. We do not reduce these liabilities for potential insurance or third-party recoveries. If applicable, we accrue receivables for probable insurance or other third-party recoveries. With respect to income-tax-related contingencies, we use a cumulative probability-weighted loss accrual in cases where sustaining a tax position is less than certain. Based on currently available information, we believe it is remote that future costs rela ted to known contingent liability exposures will exceed current accruals by an amount that would have a material adverse impact on our consolidated financial statements. As we learn new facts concerning contingencies, we reassess our position both with re spect to accrued liabilities and other potential exposures. Estimates particularly sensitive to future changes include contingent liabilities recorded for environmental remediation, tax and legal matters. Estimated future environmental remediation costs are subject to change due to factors such as the uncertain magnitude of cleanup costs, the unknown time and extent of such remedial actions that may be required, and the determination of our liability in proportion to that of other responsible parties. Es timated future costs related to tax and legal matters are subject to change as events evolve and as additional information becomes available during the administrative and litigation processes. Environmental We are subject to international, federal, state and local environmental laws and regulations. When we prepare our consolidated financial statements, we record accruals for environmental liabilities based on management’s best estimates, using all information that is available at the time. We measure estimates and base liabilities on currently available facts, existing technology, and presently enacted laws and regulations, taking into account stakeholder and business considerations. Whe n measuring environmental liabilities, we also consider our prior experience in remediation of contaminated sites, other companies’ cleanup experience, and data released by the U.S. Environmental Protection Agency (EPA) or other organizations. We consider unasserted claims in our determination of environmental liabilities, and we accrue them in the period they are both probable and reasonably estimable. Although liability of those potentially responsible for environmental remediation costs is generally jo int and several for federal sites and frequently so for other sites, we are usually only one of many companies cited at a particular site. Due to the joint and several liabilities, we could be responsible for all cleanup costs related to any site at which we have been designated as a potentially responsible party. We have been successful to date in sharing cleanup costs with other financially sound companies. Many of the sites at which we are potentially responsible are still under investigation by the E PA or the agency concerned. Prior to actual cleanup, those potentially responsible normally assess the site conditions, apportion responsibility and determine the appropriate remediation. In some instances, we may have no liability or may attain a settle ment of liability. Where it appears that other potentially responsible parties may be financially unable to bear their proportional share, we consider this inability in estimating our potential liability, and we adjust our accruals accordingly. As a resu lt of various acquisitions in the past, we assumed certain environmental obligations. Some of these environmental obligations are mitigated by indemnifications made by others for our benefit and some of the indemnifications are subject to dollar limits an d time limits. We are currently participating in environmental assessments and cleanups at numerous federal Superfund and comparable state and international sites. After an assessment of environmental exposures for cleanup and other costs, we make accrua ls on an undiscounted basis (except those acquired in a purchase business combination, which we record on a discounted basis) for planned investigation and remediation activities for sites where it is probable future costs will be incurred and these costs can be reasonably estimated. Our balance sheet at both September 30, 2016 and December 31, 2015 , included a total environmental accrual of $ 258 million, for remediation activities in the United States and Canada. We expect to incur a substanti al amount of these expenditures within the next 30 years . In the future, we may be involved in additional environmental assessments, cleanups and proceedings. Legal Proceedings We are subject to various lawsuits and claims including but not limited to matters involving oil and gas royalty and severance tax payments, gas measurement and valuation methods, contract disputes, environmental damages, personal injury, and property damage. Our primary exposures for such matters relate to alleged royalty and tax underpayments on certain federal, state and privately owned properties and claims of alleged environmental contamination from historic operations. We will conti nue to defend ourselves vigorously in these matters. Our legal organization applies its knowledge, experience and professional judgment to the specific characteristics of our cases, employing a litigation management process to manage and monitor the legal proceedings against us. Our process facilitates the early evaluation and quantification of potential exposures in individual cases. This process also enables us to track those cases that have been scheduled for trial and/or mediation. Based on professi onal judgment and experience in using these litigation management tools and available information about current developments in all our cases, our legal organization regularly assesses the adequacy of current accruals and determines if adjustment of existi ng accruals, or establishment of new accruals, is required. Other Contingencies We have contingent liabilities resulting from throughput agreements with pipeline and processing companies not associated with financing arrangements. Under these agreements, we may be required to provide any such company with additional funds through advances and penalties for fees related to throughput capacity not utilized. In addition, at September 30, 2016 , we had performance obligations secured by letters of credit of $ 304 million (issued as direct bank letters of credit ) related to various purchase commitments for materials, supplies, commercial activities and services incident to the ordinary conduct of business. In 2007, we announced we had been unable to reach agreement with respect to our migration to an empresa mi xta structure mandated by the Venezuelan government’s Nationalization Decree. As a result, Venezuela’s national oil company, Petróleos de Venezuela S.A. (PDVSA), or its affiliates, directly assumed control over ConocoPhillips’ interests in the Petrozuata and Hamaca heavy oil ventures and the offshore Corocoro development project. In response to this expropriation, we filed a request for international arbitration on November 2, 2007, with the World Bank’s International Centre for Settlement of Investment D isputes (ICSID). An arbitration hearing was held before an ICSID tribunal during the summer of 2010. On September 3, 2013, an ICSID arbitration tribunal held that Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in June 2007. A separate arbitration phase is currently proceeding to determine the damages owed to ConocoPhillips for Venezuela’s actions. On October 10, 2014, we filed a separate arbitration under the rules of the International Chamber of Commerce against PDVSA for contractual compensation related to the Petrozuata and Hamaca heavy crude oil projects. On October 6, 2016, ConocoPhillips brought a fraudulent transfer action in the U.S. District Court of Delaware against PDVSA, alleging that PDVSA has taken actions to improperly expatriate assets from the United States to Venezuela in an effort to avoid judgment creditors. In 2008, Burlington Resources, Inc., a wholly owned subsidiary of ConocoPhillips, initiated arbitration before ICSID against The Republic of Ecuador, as a result of the newly enacted Windfall Profits Tax Law and government-mandated renegotiation of our production sharing contracts. De spite a restraining order issued by the ICSID tribunal, Ecuador confiscated the crude oil production of Burlington and its co-venturer and sold the seized crude oil. In 2009, Ecuador took over operations in Blocks 7 and 21, fully expropriating our assets. In June 2010, the ICSID tribunal concluded it has jurisdiction to hear the expropriation claim. On April 24, 2012, Ecuador filed supplemental counterclaims asserting environmental damages, which we believe are not material. The ICSID tribunal issued a decision on liability on December 14, 2012, in favor of Burlington, finding that Ecuador's seizure of Blocks 7 and 21 was an unlawful expropriation in violation of the Ecuador-U.S. Bilateral Investment Treaty. An additional arbitration phase to determine the damages owed to ConocoPhillips for Ecuador’s actions and to address Ecuador’s counterclaims is complete. We are awaiting the tribunal’s award. ConocoPhillips served a Notice of Arbitration on the Timor-Leste Minister of Finance in October 2012 for ou tstanding disputes related to a series of tax assessments. The arbitration hearing was conducted in Singapore in June 2014 under the United Nations Commission on International Trade Laws (UNCITRAL) arbitration rules, pursuant to the terms of the Tax Stabi lity Agreement with the Timor-Leste government. We have now r eached a settlement with th e Timor-Leste government on these dispute s .

Derivative and Financial Instru

Derivative and Financial Instruments	9 Months Ended
	Sep. 30, 2016
Derivative and Financial Instruments [Abstract]
Derivative and Financial Instruments	Note 13 —Derivative and Financial Instruments Derivative Instruments We use futures, forwards, swaps and options in various markets to meet our customer needs and capture market opportunities. Our commodity business primarily consists of natural gas, crude oil, bitumen, LNG and natural gas liquids. Our derivative instru ments are held at fair value on our consolidated balance sheet. Where these balances have the right of setoff, they are presented on a net basis. Related cash flows are recorded as operating activities on our consolidated statement of cash flows. On our consolidated income statement, realized and unrealized gains and losses are recognized either on a gross basis if directly related to our physical business or a net basis if held for trading. Gains and losses r elated to contracts that meet and are design ated with the normal purchase normal sale exception are recognized upon settlement. We generally apply this exception to eligible crude contracts. We do not use hedge accounting for our commodity derivatives. The following table presents the gross fair values of our commodity derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars September 30 December 31 2016 2015 Assets Prepaid expenses and other current assets $ 246 768 Other assets 38 60 Liabilities Other accruals 247 754 Other liabilities and deferred credits 32 46 The gains (losses) from commodity derivatives incurred, and the line items where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Sales and other operating revenues $ 11 89 (155) 117 Other income 1 - (1) 1 Purchased commodities 7 (85) 136 (88) The table below summarizes our material net exposures resulting from outstanding commodity derivative contracts: Open Position Long/(Short) September 30 December 31 2016 2015 Commodity Natural gas and power (billions of cubic feet equivalent) Fixed price (36) (14) Basis 21 (17) Foreign Currency Exchange Derivatives We have foreign currency exchange rate risk resulting from international operations. Our foreign currency exchange derivative activity primarily relates to managing our cash-related and foreign currency exchange rate exposures, such as firm commitments for capital programs or local currency tax payments, dividends, and cash returns from net investments in foreign affiliates. We do not elect hedge accounting on our foreign currency exchan ge derivatives. The following table presents the gross fair values of our foreign currency exchange derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars September 30 December 31 2016 2015 Assets Prepaid expenses and other current assets $ - 47 Liabilities Other accruals 137 8 The (gains) losses from foreign currency exchange derivatives incurred, and the line item where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Foreign currency transaction (gains) losses $ 35 (17) 218 (30) We had the following net notional position of outstanding foreign currency exchange derivatives: In Millions Notional Currency September 30 December 31 2016 2015 Sell U.S. dollar, buy other currencies* USD 14 347 Buy U.S. dollar, sell other currencies** USD - 20 Buy British pound, sell other currencies*** GBP 1,073 567 *Primarily Canadian dollar, Norwegian krone and British pound. **Primarily Canadian dollar. ***Primarily Canadian dollar and euro. Financial Instruments We have certain financial instruments on our consolidated balance sheet related to interest-bearing time deposits and commercial paper. These held-to- maturity financial instruments are included in “Cash and cash equivalents” on our consolidated balance sheet if the maturities at the time we made the investments were 90 days or less ; otherwise, these in vestments are included in “Short-term investments” on our consolidated balance sheet . Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments September 30 December 31 September 30 December 31 2016 2015 2016 2015 Cash $ 728 528 - - Time deposits Remaining maturities from 1 to 90 days 3,362 1,840 209 - Remaining maturities from 91 to 180 days - - 25 - $ 4,090 2,368 234 - Credit Risk Financial instruments potentially exposed to concentrations of credit risk consist primarily of cash equivalents, short-term investments, over-the-counter (OTC) derivative contracts and trade receivables. Our cash equivalents and short-term investments are placed in high-quality commercial paper, money market funds, government debt securities and time deposits with major international banks and financial institutions. The credit risk from our OTC derivative contracts, such as forwards and swaps, derives from the counterparty to the transaction. Individual counterparty exposure is managed within predetermined credit limits and includes the use of cash-call margins when appropriate, thereby reducing the risk of significant nonperformance. W e also use futures, swaps and option contracts that have a negligible credit risk because these trades are cleared with an exchange clearinghouse and subject to mandatory margin requirements until settled; however, we are exposed to the credit risk of thos e exchange brokers for receivables arising from daily margin cash calls, as well as for cash deposited to meet initial margin requirements. Our trade receivables result primarily from our petroleum operations and reflect a broad national and internationa l customer base, which limits our exposure to concentrations of credit risk. The majority of these receivables have payment terms of 30 days or less , and we continually monitor this exposure and the creditworthiness of the counterparties. We do not gen erally require collateral to limit the exposure to loss; however, we will sometimes use letters of credit, prepayments and master netting arrangements to mitigate credit risk with counterparties that both buy from and sell to us, as these agreements permit the amounts owed by us or owed to others to be offset against amounts due to us. Certain of our derivative instruments contain provisions that require us to post collateral if the derivative exposure exceeds a threshold amount. We have contracts with fixed threshold amounts and other contracts with variable threshold amounts that are contingent on our credit rating. The variable threshold amounts typically decline for lower credit ratings, while both the variable and fixed threshold amounts typically rever t to zero if we fall below investment grade. Cash is the primary collateral in all contracts; however, many also permit us to post letters of credit as collateral, such as transactions administered through the New York Mercantile Exchange. The aggregate fair value of all derivative instruments with such credit-risk-related contingent features that were in a liability position on September 30, 2016 and December 31, 2015 , was $ 52 million and $ 158 million, respectively. F or these instruments, $ 1 million of collateral was posted as of September 30, 2016 , and $ 2 million of collateral was posted as of D ecember 31, 2015 . If our credit rating had been downgraded below investment grade on September 30, 2016 , we would be required to post $ 51 million of additional collateral, either with cash or letters of credit.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2016
Fair Value Measurement [Abstract]
Fair Value Measurement	Note 14 —Fair Value Measurement We carry a portion of our assets and liabilities at fair value that are measured at a reporting date using an exit price (i.e., the price that would be received to sell an asset or paid to transfer a liability) and disclosed according to the quality of valuation inputs under the following hierarchy: Level 1: Quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: Inputs other than quoted prices that are directly or indirectly obs ervable. Level 3: Unobservable inputs that are significant to the fair value of assets or liabilities. The classification of an asset or liability is based on the lowest level of input significant to its fair value. Those that are initially classified as Level 3 are subsequently reported as Level 2 when the fair value derived from unobservable inputs is inconsequential to the overall fair value, or if corroborated market data becomes available. Assets and liabilities initially reported as Level 2 are subsequently reported as Level 3 if corroborated market data is no longer available. Transfers occur at the end of the reporting period. There were no material transfers in or out of Level 1 during 2016 or 2015 . Recurring Fair Value Measurement Financial assets and liabilities reported at fair value on a recurring basis primarily include commodity derivatives. Level 1 derivative assets and liabilities primarily represent exch ange-traded futures and options that are valued using unadjusted prices available from the underlying exchange. Level 2 derivative assets and liabilities primarily represent OTC swaps, options and forward purchase and sale contracts that are valued using adjusted exchange prices, prices provided by brokers or pricing service companies that are all corroborated by market data. Level 3 derivative assets and liabilities consist of OTC swaps, options and forward purchase and sale contracts where a significant portion of fair value is calculated from underlying market data that is not readily available. The derived value uses industry standard methodologies that may consider the historical relationships among various commodities, modeled market prices, time va lue, volatility factors and other relevant economic measures. The use of these inputs results in management’s best estimate of fair value. Level 3 activity was not material for all periods presented. The following table summarizes the fair value hierarc hy for gross financial assets and liabilities (i.e., unadjusted where the right of setoff exists for commodity derivatives accounted for at fair value on a recurring basis): Millions of Dollars September 30, 2016 December 31, 2015 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ 164 94 26 284 516 242 70 828 Total assets $ 164 94 26 284 516 242 70 828 Liabilities Commodity derivatives $ 161 101 17 279 515 273 12 800 Total liabilities $ 161 101 17 279 515 273 12 800 The following table summarizes those commodity derivative balances subject to the right of setoff as presented on our consolidated balance sheet. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements when a legal right of setoff exists. Millions of Dollars Gross Gross Net Gross Amounts Amounts Amounts Amounts Cash without Net Recognized Offset Presented Collateral Right of Setoff Amounts September 30, 2016 Assets $ 284 190 94 - 5 89 Liabilities 279 190 89 6 7 76 December 31, 2015 Assets $ 828 600 228 - 8 220 Liabilities 800 600 200 1 11 188 At September 30, 2016 and December 31, 2015, we did not present any amounts gross on our consolidated balance sheet where we had the right of setoff. Non-Recurring Fair Value Measurement The following table summarizes the fair value hierarchy by major category and date of remeasurement for assets accounted for at fair value on a non-recurring basis during the year: Millions of Dollars Fair Value Measurements Using Fair Value Level 1 Inputs Level 3 Inputs Before-Tax Loss September 30, 2016 Net PP&E (held for sale) $ 217 217 - 99 June 30, 2016 Net PP&E (held for use) $ 23 - 23 53 March 31, 2016 Net PP&E (held for use) $ 217 - 217 129 Net PP&E held for sale was written down to fair value, less costs to sell. The fair value of each asset was determined by its negotiated selling price. Net PP&E held for use is comprised of various producing properties impaired to their individual fair values less costs to sell. The fair values were determined by internal discounted cash flow models using estimates of future production, prices from futur es exchanges and pricing service companies, costs, and a discount factor believed to be consistent with those used by principal market participants. Reported Fair Values of Financial Instruments We used the following methods and assumptions to estimate the fair value of financial instruments: Cash and cash equivalents and short-term investments : The carrying amount reported on the balance sheet approximates fair value. Accounts and notes receivable (including long-term and related parties): The carrying amount reported on the balance sheet approximates fair value. The valuation technique and methods used to estimate the fair value of the current portion of fixed-rate re lated party loans is consistent with Loans and advances—related parties. Loans and advances—related parties: The carrying amount of floating-rate loans approximates fair value. The fair value of fixed-rate loan activity is measured using market observable data and is categorized as Level 2 in the fair value hierarchy. See Note 6 —Investments, Loans and Long-Term Receivables, for additional information. Accounts payable (including related parties) and floating-rate debt: The carrying amount of accounts payable and floating-rate debt reported on the balance sheet approximates fair value. Fixed-rate debt: The estimated fair value of fixed-rate debt is measured using prices available from a pricing service that is corroborated by market data; therefore, these liabilities are categorized as Level 2 in the fair value hierarchy. The following table summarizes the net fair value of financial instruments (i.e., adjusted where the right of setoff exists for commodity derivatives): Millions of Dollars Carrying Amount Fair Value September 30 December 31 September 30 December 31 2016 2015 2016 2015 Financial assets Commodity derivatives $ 94 228 94 228 Total loans and advances—related parties 698 808 698 808 Financial liabilities Total debt, excluding capital leases 27,824 24,062 31,046 24,785 Commodity derivatives 83 199 83 199

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 15—Accumulated Other Comprehensive Loss Accumulated other comprehensive loss in the equity section of our consolidated balance sheet included: Millions of Dollars Defined Benefit Plans Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) December 31, 2015 $ (443) (5,804) (6,247) Other comprehensive income (loss) (74) 877 * 803 September 30, 2016 $ (517) (4,927) (5,444) *Foreign Currency Translation is primarily a result of the weakening of the U.S. dollar relative to the Canadian dollar and Norwegian krone. There were no items within accumulated other comprehensive loss related to noncontrolling interests. The following table summarizes reclassifications out of accumulated other comprehensive loss: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Defined benefit plans $ 27 77 132 173 Above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of: $ 13 44 72 96 See Note 17 — Employee Benefit Plans, for additional information.

Cash Flow Information

Cash Flow Information	9 Months Ended
	Sep. 30, 2016
Cash Flow Information [Abstract]
Cash Flow Information	Note 16—Cash Flow Information Millions of Dollars Nine Months Ended September 30 2016 2015 Cash Payments (Receipts) Interest $ 854 633 Income taxes* (339) 376 Net Sales (Purchases) of Short-Term Investments Short-term investments purchased $ (1,704) - Short-term investments sold 1,475 - $ (229) - *Net of $569 million and $556 million in 2016 and 2015, respectively, related to refunds received from the Internal Revenue Service. In May 2015, we liquidated certain deferred compensation investments for proceeds of $267 million, which is included in the “Oth er” line within “Cash Flows From Investing Activities” on our consolidated statement of cash flows.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2016
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 17 — Employee Benefit Plans Pension and Postretirement Plans Millions of Dollars Pension Benefits Other Benefits 2016 2015 2016 2015 U.S. Int'l. U.S. Int'l. Components of Net Periodic Benefit Cost Three Months Ended September 30 Service cost $ 27 19 36 31 - 2 Interest cost 32 30 41 34 3 5 Expected return on plan assets (34) (39) (50) (44) - - Amortization of prior service cost (credit) 2 (1) 1 (1) (9) (6) Recognized net actuarial loss 22 6 27 20 - - Settlements 22 - 79 - - - Curtailment loss 14 - 35 - 1 - Net periodic benefit cost $ 85 15 169 40 (5) 1 Nine Months Ended September 30 Service cost $ 82 59 108 94 1 3 Interest cost 104 93 120 102 10 19 Expected return on plan assets (112) (121) (157) (131) - - Amortization of prior service cost (credit) 4 (4) 4 (5) (26) (9) Recognized net actuarial loss (gain) 64 20 84 62 (1) 1 Settlements 149 - 131 - - - Curtailment loss 14 - 35 - 1 - Net periodic benefit cost $ 305 47 325 122 (15) 14 During the first nine months of 2016 , we contributed $ 223 million to our domestic benefit plans and $ 82 million to our international benefit plans. In 2016 , we expect to contribute approximately $ 260 million to our domestic qualified and nonqualified pension and postretirement benefit plans and $ 130 million to our international qualified and nonqualified pension and postretirement benefit plans. In conjunction with the recognition of pension settlement expense, the fair market values of pension plan assets were updated, and the pension benefit obligations of the U.S. qualified pension plan and a U.S. nonqualified supplemental retirement plan were remeasured. At the measurement dates, the net pension liability increased by $ 33 million and $ 334 million for the three- and nine- month periods ended September 30, 2016 , respectively . This is primarily a result of a decrease in the discount rate from 4.5 percent at December 31, 2015, to 3.4 percent for the U.S. qualified pension plan and to 2.8 percent for a U.S. nonqualified supplemental retirement plan at September 30, 2016 , resulting in a corresponding decrease to other comprehensive income (loss) . As part of the ongoing restructuring program in the United States, we concluded that actions taken during the three - month period ended September 30, 2016 , would result in a sig nificant reduction of future services of active employees in the U.S. qualified pension plan, a U.S. nonqualified supplemental retirement plan and the U.S. other postretirement benefit plan. As a result, we recognized an increase in the benefit obligation and a proportionate share of prior service cost from other comprehensive income (loss) as a curtailment loss of $ 14 million on the U.S. pension benefit plans and $ 1 million on the U.S. other postretirement benefit plan d uring the three-month period ended September 30, 2016. Due to the ongoing restructuring program in the United States, we recognized additional expense of $ 14 million during the three - month period ended September 30, 2016 , associated with employee special termination benefits for certain participants in the U.S. qualified pension plan and a U.S. nonqualified supplemental retirement plan. Severance Accrual As a result of the current business environment’s impact on our operating and capital plans, a reduction in our overall employee workforce occurred primarily during the third quarter of 2016. Severance accruals of $ 119 million and $ 126 million were recorded during the three- and nine-month periods ended S eptember 30, 2016, respectively. The following table summarizes our severance accrual activity for the nine - month period ended September 30, 2016 Millions of Dollars Balance at December 31, 2015 $ 156 Accruals 126 Benefit payments (130) Foreign currency translation adjustments 4 Balance at September 30, 2016 $ 156 Of the remaining balance at September 30, 2016 , $ 123 million is classified as short-term.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 18—Related Party Transactions Our related parties primarily include equity method investments and certain trusts for the benefit of employees. Significant transactions with our equity affiliates were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Operating revenues and other income $ 41 28 96 80 Purchases 26 25 75 72 Operating expenses and selling, general and administrative expenses 20 18 48 53 Net interest (income) expense* (3) (3) (9) (7) *We paid interest to, or received interest from, various affiliates. See Note 6—Investments, Loans and Long-Term Receivables, for additional information on loans to affiliated companies.

Segment Disclosures and Related

Segment Disclosures and Related Information	9 Months Ended
	Sep. 30, 2016
Segment Disclosures and Related Information [Abstract]
Segment Disclosures and Related Information	Note 19 —Segment Disclosures and Related Information We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and natural gas liquids on a worldwide basis. We manage our operations through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. Effective November 1, 2015, the Other International and historically present ed Europe segments were restructured to align with changes to our internal organization structure. The Libya business was moved from the Other International segment to the historically presented Europe segment, which is now renamed Europe and North Africa . Accordingly, results of operations for the Other International and Europe and North Africa segments have been revised for all prior periods presented. There was no impact on our consolidated financial statements, and the impact on our segment presentation is immaterial. Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead and certain technology activities, including licensing revenues. Corporate assets include all cash and c ash equivalents and short-term investments. We evaluate performance and allocate resources based on net income (loss) attributable to ConocoPhillips. Intersegment sales are at prices that approximate market. Analysis of Results by Operating Segment Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Sales and Other Operating Revenues Alaska $ 925 1,067 2,639 3,455 Lower 48 2,993 3,106 7,533 9,421 Intersegment eliminations (3) (15) (15) (50) Lower 48 2,990 3,091 7,518 9,371 Canada 615 576 1,431 1,932 Intersegment eliminations (73) (76) (138) (265) Canada 542 500 1,293 1,667 Europe and North Africa 946 1,480 2,605 4,804 Intersegment eliminations - (2) - (3) Europe and North Africa 946 1,478 2,605 4,801 Asia Pacific and Middle East 942 1,074 2,676 3,748 Corporate and Other 70 52 153 229 Consolidated sales and other operating revenues $ 6,415 7,262 16,884 23,271 Net Income (Loss) Attributable to ConocoPhillips Alaska $ 59 53 204 393 Lower 48 (491) (852) (2,082) (1,550) Canada (314) (145) (783) (469) Europe and North Africa 163 (5) 132 667 Asia Pacific and Middle East (87) 258 (20) 981 Other International (47) (42) (100) (281) Corporate and Other (323) (338) (931) (719) Consolidated net loss attributable to ConocoPhillips $ (1,040) (1,071) (3,580) (978) Millions of Dollars September 30 December 31 2016 2015 Total Assets Alaska $ 12,548 12,555 Lower 48 23,331 26,932 Canada 17,976 17,221 Europe and North Africa 13,241 13,703 Asia Pacific and Middle East 21,138 22,318 Other International 356 282 Corporate and Other 5,694 4,473 Consolidated total assets $ 94,284 97,484

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 20 —Income Taxes Our effective tax rates for the third quarter and first nine months of 2016 were positive 38 percent and 36 percent, respectively, compared with 39 percent and 57 percent for the same periods of 2015 . The decrease in the effective tax rate for the third quarter of 2016 was primarily due to the effect of the 2016 U.K. tax law change, discussed below, and a shift in the mix of income between high and low tax jurisdictions. The decrease in the effective tax rate for the first nine months of 2016 was primarily due to the absence of the effect of the 2015 U.K. tax law change, discussed below, and the mix of income between high and low t ax jurisdictions, partially offset by the recognition of state deferred tax assets, the enactment of the 2016 U.K. tax law change and the absence of the 2015 Canadian tax law change, discussed below. In the United Kingdom, legislation was enacted on Septe mber 15 , 2016, to decrease the overall U.K. upstream corporation tax rate from 50 percent to 40 percent effective January 1, 2016. As a result, a $ 138 million net tax benefit resulting from re-measurement of deferred ta x liabilities at January 1, 2016 and application of the new rate through September 30, 2016, is reflected in the “Income tax benefit” line on our consolidated income statement. During the second quarter of 2016, previously unrecognized state deferred tax assets were recognized. As a result, a $ 68 million tax benefit is reflected in the “Income tax benefit” line on our consolidated income statement. In the United Kingdom, legislation was enacted on March 26, 2015 , to decrease the overall U.K. upstream corporation tax rate from 62 percent to 50 percent effective January 1, 2015 . As a result, a $ 555 million net tax benefit for revaluing the U.K. deferred tax liability is reflecte d in the “Income tax benefit” line on our consolidated income statement. In Canada, legislation was enacted on June 29, 2015 , to increase the overall Canadian corporation tax rate from 25 percent to 27 percent effective July 1, 2015 . As a result, a $ 129 million net tax expense for revaluing the Canadian deferred tax liability is reflected in the “Income tax benefit” line on our consolidated income statement.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Sep. 30, 2016
New Accounting Standards [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Note 21 — New Accounting Standards In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (ASU No. 2014-09), which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. This ASU supersedes the revenue recognition requirements in FASB ASC Topic 605, “Revenue Recognition,” and most industry-spec ific guidance. This ASU sets forth a five-step model for determining when and how revenue is recognized. Under the model, an entity will be required to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting th e consideration it expects to receive in exchange for those goods or services. Additional disclosures will be required to describe the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU No. 2015-14, “Deferral of the Effective Date,” which defers the effective date of ASU No. 2014-09. The ASU is now effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and ann ual periods beginning after December 15, 2016. Entities may choose to adopt the standard using either a full retrospective approach or a modified retrospective approach. ASU No. 2014-09 was amended in March 2016 by the provisions of ASU No. 2016-08, “P rincipal versus Agent Considerations (Reporting Revenue Gross versus Net),” in April 2016 by the provisions of ASU No. 2016-10, “Identifying Perfor mance Obligations and Licensing,” and in May 2016 by the provisions of ASU No. 2016-12, “Narrow-Scope Improve ments and Practical Expedients.” We are currently evaluating the impact of the adoption of ASU No. 2014-09, as amended, and continue to monitor proposals issued by the FASB to clarify the ASU. In February 2016, the FASB issued ASU No. 2016-02, “Leases” ( ASU No. 2016-02), which establishes comprehensive accounting and financial reporting requirements for leasing arrangements. This ASU supersedes the existing requirements in FASB ASC Topic 840, “Leases,” and requires lessees to recognize substantially all lease assets and lease liabilities on the balance sheet. The provisions of ASU No. 2016-02 also modify the definition of a lease and outline requirements for recognition, measurement, presentation, and disclosure of leasing arrangements by both lessees an d lessors. The ASU is effective for interim and annual periods beginning after December 15, 2018, and early adoption of the standard is permitted. Entities are required to adopt the ASU using a modified retrospective approach, subject to certain optiona l practical expedients, and apply the provisions of ASU No. 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in the financial statements. We are currently evaluating the impact of the adoption of this ASU. In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments” (ASU No. 2016-13), which sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial in struments based on expected losses rather than incurred losses. The ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption of the standard is permitted. Entities are required to adopt ASU No. 2016-13 using a modified retrospective approach, subject to certain limited exceptions. We are currently evaluating the impact of the adoption of this ASU.

Supplementary Information - Con

Supplementary Information - Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2016
Supplementary Information - Condensed Consolidating Financial Information [Abstract]
Supplementary Information - Condensed Consolidating Financial Information	Supplementary Information —Condensed Consolidating Financial Information We have various cross guarantees among ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Company I, with respect to publicly held debt securities. ConocoPhillips Company is 100 percent owned by ConocoPhillips. ConocoPhillips Canada Funding Company I is an indirect, 100 percent owned subsidiary of ConocoPhillips Company. ConocoPhillips and ConocoPhill ips Company have fully and unconditionally guaranteed the payment obligations of ConocoPhillips Canada Funding Company I, with respect to its publicly held debt securities. Similarly, ConocoPhillips has fully and unconditionally guaranteed the payment obl igations of ConocoPhillips Company with respect to its publicly held debt securities. In addition, ConocoPhillips Company has fully and unconditionally guaranteed the payment obligations of ConocoPhillips with respect to its publicly held debt securities. All guarantees are joint and several. The following condensed consolidating financial information presents the results of operations, financial position and cash flows for: ConocoPhillips, ConocoPhillips Company and ConocoPhillips Canada Funding Compan y I (in each case, reflecting investments in subsidiaries utilizing the equity method of accounting). All other nonguarantor subsidiaries of ConocoPhillips. The consolidating adjustments necessary to present ConocoPhillips’ results on a consolidated basis. In February 2016 , ConocoPhillips received a $2 .3 billion return of capital from ConocoPhillips Company to settle certain accumulated intercompany balances. The transaction had no impact on our consolidated financial statements. In October 2016, ConocoPhillips Cana da Funding Company I repaid $1.25 billion of external debt. This transaction will be reflected in the full-year 2016 condensed consolidating financial statements. This condensed consolidating financial information should be read in conjunction with the a ccompanying consolidated financial statements and notes. Millions of Dollars Three Months Ended September 30, 2016 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 2,933 - 3,482 - 6,415 Equity in earnings (losses) of affiliates (958) (397) - (26) 1,321 (60) Gain on dispositions - 11 - 40 - 51 Other income 1 3 - 106 - 110 Intercompany revenues 18 71 60 793 (942) - Total Revenues and Other Income (939) 2,621 60 4,395 379 6,516 Costs and Expenses Purchased commodities - 2,563 - 1,024 (768) 2,819 Production and operating expenses - 324 - 1,207 (5) 1,526 Selling, general and administrative expenses 2 158 - 43 - 203 Exploration expenses - 192 - 265 - 457 Depreciation, depletion and amortization - 351 - 2,074 - 2,425 Impairments - - - 123 - 123 Taxes other than income taxes - 26 - 135 - 161 Accretion on discounted liabilities - 11 - 97 - 108 Interest and debt expense 135 159 56 154 (169) 335 Foreign currency transaction (gains) losses 8 - (26) 31 - 13 Total Costs and Expenses 145 3,784 30 5,153 (942) 8,170 Income (loss) before income taxes (1,084) (1,163) 30 (758) 1,321 (1,654) Income tax benefit (44) (205) (4) (375) - (628) Net income (loss) (1,040) (958) 34 (383) 1,321 (1,026) Less: net income attributable to noncontrolling interests - - - (14) - (14) Net Income (Loss) Attributable to ConocoPhillips $ (1,040) (958) 34 (397) 1,321 (1,040) Comprehensive Loss Attributable to ConocoPhillips $ (1,113) (1,031) (10) (460) 1,501 (1,113) Income Statement Three Months Ended September 30, 2015 Revenues and Other Income Sales and other operating revenues $ - 2,954 - 4,308 - 7,262 Equity in earnings (losses) of affiliates (973) (19) - 559 656 223 Gain on dispositions - 5 - 13 - 18 Other income (1) (8) - 13 - 4 Intercompany revenues 19 81 60 862 (1,022) - Total Revenues and Other Income (955) 3,013 60 5,755 (366) 7,507 Costs and Expenses Purchased commodities - 2,623 - 1,501 (855) 3,269 Production and operating expenses - 390 - 1,447 (3) 1,834 Selling, general and administrative expenses 1 239 - 53 - 293 Exploration expenses - 761 - 300 - 1,061 Depreciation, depletion and amortization - 322 - 1,949 - 2,271 Impairments - 1 - 23 - 24 Taxes other than income taxes - 38 - 168 - 206 Accretion on discounted liabilities - 14 - 108 - 122 Interest and debt expense 121 113 57 113 (164) 240 Foreign currency transaction (gains) losses 47 - (359) 240 - (72) Total Costs and Expenses 169 4,501 (302) 5,902 (1,022) 9,248 Income (loss) before income taxes (1,124) (1,488) 362 (147) 656 (1,741) Income tax provision (benefit) (53) (515) 27 (144) - (685) Net income (loss) (1,071) (973) 335 (3) 656 (1,056) Less: net income attributable to noncontrolling interests - - - (15) - (15) Net Income (Loss) Attributable to ConocoPhillips $ (1,071) (973) 335 (18) 656 (1,071) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (3,555) (3,457) 70 (2,507) 5,894 (3,555) Millions of Dollars Nine Months Ended September 30, 2016 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 7,289 - 9,595 - 16,884 Equity in losses of affiliates (3,388) (1,168) - (325) 4,752 (129) Gain on dispositions - 96 - 106 - 202 Other income (loss) 1 (2) - 150 - 149 Intercompany revenues 62 220 176 2,246 (2,704) - Total Revenues and Other Income (3,325) 6,435 176 11,772 2,048 17,106 Costs and Expenses Purchased commodities - 6,409 - 2,585 (1,948) 7,046 Production and operating expenses - 1,065 - 3,502 (242) 4,325 Selling, general and administrative expenses 7 448 - 107 (6) 556 Exploration expenses - 1,174 - 398 - 1,572 Depreciation, depletion and amortization - 914 - 6,087 - 7,001 Impairments - 41 - 280 - 321 Taxes other than income taxes - 122 - 416 - 538 Accretion on discounted liabilities - 35 - 294 - 329 Interest and debt expense 385 457 168 426 (508) 928 Foreign currency transaction (gains) losses (34) 2 207 (163) - 12 Total Costs and Expenses 358 10,667 375 13,932 (2,704) 22,628 Loss before income taxes (3,683) (4,232) (199) (2,160) 4,752 (5,522) Income tax benefit (103) (844) (3) (1,032) - (1,982) Net loss (3,580) (3,388) (196) (1,128) 4,752 (3,540) Less: net income attributable to noncontrolling interests - - - (40) - (40) Net Loss Attributable to ConocoPhillips $ (3,580) (3,388) (196) (1,168) 4,752 (3,580) Comprehensive Loss Attributable to ConocoPhillips $ (2,777) (2,585) (6) (230) 2,821 (2,777) Income Statement Nine Months Ended September 30, 2015 Revenues and Other Income Sales and other operating revenues $ - 8,989 - 14,282 - 23,271 Equity in earnings of affiliates (712) 1,009 - 1,275 (886) 686 Gain on dispositions - 38 - 84 - 122 Other income (loss) (1) 9 - 82 - 90 Intercompany revenues 56 261 187 2,657 (3,161) - Total Revenues and Other Income (657) 10,306 187 18,380 (4,047) 24,169 Costs and Expenses Purchased commodities - 7,751 - 4,605 (2,620) 9,736 Production and operating expenses - 1,185 - 4,286 (37) 5,434 Selling, general and administrative expenses 7 521 - 151 (9) 670 Exploration expenses - 1,104 - 988 - 2,092 Depreciation, depletion and amortization - 882 - 5,849 - 6,731 Impairments - 1 - 117 - 118 Taxes other than income taxes - 157 - 498 - 655 Accretion on discounted liabilities - 43 - 322 - 365 Interest and debt expense 363 325 171 288 (495) 652 Foreign currency transaction (gains) losses 94 - (591) 401 - (96) Total Costs and Expenses 464 11,969 (420) 17,505 (3,161) 26,357 Income (loss) before income taxes (1,121) (1,663) 607 875 (886) (2,188) Income tax benefit (143) (951) 18 (178) - (1,254) Net income (978) (712) 589 1,053 (886) (934) Less: net income attributable to noncontrolling interests - - - (44) - (44) Net Income (Loss) Attributable to ConocoPhillips $ (978) (712) 589 1,009 (886) (978) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (5,201) (4,935) 67 (3,393) 8,261 (5,201) Millions of Dollars September 30, 2016 Balance Sheet ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Assets Cash and cash equivalents $ - 275 11 3,804 - 4,090 Short-term investments - - - 234 - 234 Accounts and notes receivable 15 1,678 23 5,315 (3,711) 3,320 Inventories - 115 - 993 - 1,108 Prepaid expenses and other current assets 1 222 182 684 (200) 889 Total Current Assets 16 2,290 216 11,030 (3,911) 9,641 Investments, loans and long-term receivables* 38,921 64,440 3,489 31,283 (116,269) 21,864 Net properties, plants and equipment - 6,609 - 55,040 - 61,649 Other assets 8 2,182 235 1,328 (2,623) 1,130 Total Assets $ 38,945 75,521 3,940 98,681 (122,803) 94,284 Liabilities and Stockholders’ Equity Accounts payable $ - 4,013 8 3,441 (3,711) 3,751 Short-term debt (10) (2) 1,256 92 - 1,336 Accrued income and other taxes - 86 - 308 - 394 Employee benefit obligations - 500 - 257 - 757 Other accruals 101 351 82 966 (201) 1,299 Total Current Liabilities 91 4,948 1,346 5,064 (3,912) 7,537 Long-term debt 9,123 13,635 1,711 2,884 - 27,353 Asset retirement obligations and accrued environmental costs - 1,042 - 8,778 - 9,820 Deferred income taxes - - - 11,086 (2,052) 9,034 Employee benefit obligations - 2,023 - 448 - 2,471 Other liabilities and deferred credits* 122 10,084 807 18,664 (28,064) 1,613 Total Liabilities 9,336 31,732 3,864 46,924 (34,028) 57,828 Retained earnings (losses) 25,373 13,979 (585) 12,764 (19,635) 31,896 Other common stockholders’ equity 4,236 29,810 661 38,707 (69,140) 4,274 Noncontrolling interests - - - 286 - 286 Total Liabilities and Stockholders’ Equity $ 38,945 75,521 3,940 98,681 (122,803) 94,284 *Includes intercompany loans. Balance Sheet December 31, 2015 Assets Cash and cash equivalents $ - 4 15 2,349 - 2,368 Accounts and notes receivable 21 2,905 21 7,228 (5,661) 4,514 Inventories - 142 - 982 - 1,124 Prepaid expenses and other current assets 2 206 252 589 (266) 783 Total Current Assets 23 3,257 288 11,148 (5,927) 8,789 Investments, loans and long-term receivables* 43,532 64,015 3,264 27,839 (117,464) 21,186 Net properties, plants and equipment - 8,110 - 58,336 - 66,446 Other assets 7 950 233 1,158 (1,285) 1,063 Total Assets $ 43,562 76,332 3,785 98,481 (124,676) 97,484 Liabilities and Stockholders’ Equity Accounts payable $ - 5,684 13 4,897 (5,661) 4,933 Short-term debt (9) 1 1,255 180 - 1,427 Accrued income and other taxes - 62 - 437 - 499 Employee benefit obligations - 629 - 258 - 887 Other accruals 170 465 52 1,087 (264) 1,510 Total Current Liabilities 161 6,841 1,320 6,859 (5,925) 9,256 Long-term debt 7,518 10,660 1,716 3,559 - 23,453 Asset retirement obligations and accrued environmental costs - 1,107 - 8,473 - 9,580 Deferred income taxes - - - 11,814 (815) 10,999 Employee benefit obligations - 1,760 - 526 - 2,286 Other liabilities and deferred credits* 2,681 7,291 667 15,181 (23,992) 1,828 Total Liabilities 10,360 27,659 3,703 46,412 (30,732) 57,402 Retained earnings (losses) 29,892 17,366 (389) 15,177 (25,632) 36,414 Other common stockholders’ equity 3,310 31,307 471 36,572 (68,312) 3,348 Noncontrolling interests - - - 320 - 320 Total Liabilities and Stockholders’ Equity $ 43,562 76,332 3,785 98,481 (124,676) 97,484 *Includes intercompany loans. Millions of Dollars Nine Months Ended September 30, 2016 Statement of Cash Flows ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (315) (124) (4) 4,307 (904) 2,960 Cash Flows From Investing Activities Capital expenditures and investments - (889) - (3,382) 401 (3,870) Working capital changes associated with investing activities - (135) - (266) - (401) Proceeds from asset dispositions 2,300 175 - 275 (2,331) 419 Purchases of short-term investments - - - (229) - (229) Long-term advances/loans—related parties - (803) - - 803 - Collection of advances/loans—related parties - 60 - 1,072 (1,024) 108 Intercompany cash management (2,767) 2,272 - 495 - - Other - 3 - 58 - 61 Net Cash Provided by (Used in) Investing Activities (467) 683 - (1,977) (2,151) (3,912) Cash Flows From Financing Activities Issuance of debt 1,600 2,994 - 803 (803) 4,594 Repayment of debt - (964) - (899) 1,024 (839) Issuance of company common stock 122 - - - (174) (52) Dividends paid (940) - - (1,078) 1,078 (940) Other - (2,318) - 295 1,930 (93) Net Cash Provided by (Used in) Financing Activities 782 (288) - (879) 3,055 2,670 Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 4 - 4 Net Change in Cash and Cash Equivalents - 271 (4) 1,455 - 1,722 Cash and cash equivalents at beginning of period - 4 15 2,349 - 2,368 Cash and Cash Equivalents at End of Period $ - 275 11 3,804 - 4,090 Statement of Cash Flows Nine Months Ended September 30, 2015 Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (263) (110) 2 6,165 182 5,976 Cash Flows From Investing Activities Capital expenditures and investments - (2,346) - (6,640) 1,073 (7,913) Working capital changes associated with investing activities - (15) - (827) - (842) Proceeds from asset dispositions 2,000 190 - 232 (2,099) 323 Long-term advances/loans—related parties - (248) - (1,973) 2,221 - Collection of advances/loans—related parties - - - 205 (100) 105 Intercompany cash management 764 (892) - 128 - - Other - 297 - 1 - 298 Net Cash Provided by (Used in) Investing Activities 2,764 (3,014) - (8,874) 1,095 (8,029) Cash Flows From Financing Activities Issuance of debt - 4,471 - 248 (2,221) 2,498 Repayment of debt - (100) - (92) 100 (92) Issuance of company common stock 237 - - - (306) (69) Dividends paid (2,741) - - (124) 124 (2,741) Other 3 (1,994) - 915 1,026 (50) Net Cash Provided by (Used in) Financing Activities (2,501) 2,377 - 947 (1,277) (454) Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - (142) - (142) Net Change in Cash and Cash Equivalents - (747) 2 (1,904) - (2,649) Cash and cash equivalents at beginning of period - 770 7 4,285 - 5,062 Cash and Cash Equivalents at End of Period $ - 23 9 2,381 - 2,413

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventories [Abstract]
Inventories	Note 4—Inventories Inventories consisted of the following: Millions of Dollars September 30 December 31 2016 2015 Crude oil and natural gas $ 436 406 Materials and supplies 672 718 $ 1,108 1,124

Impairments (Tables)

Impairments (Tables)	9 Months Ended
	Sep. 30, 2016
Impairment Of Long Lived Assets [Abstract]
Impairment charges by segment before tax.	Note 8—Impairments During the three- and nine-month periods ended September 30, 2016 and 2015, we recognized before-tax impairment charges within the following segments: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Alaska $ - 2 - 9 Lower 48 1 6 61 6 Canada 60 - 60 - Europe and North Africa 20 9 157 96 Asia Pacific and Middle East 42 6 43 6 Corporate and Other - 1 - 1 $ 123 24 321 118

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interests [Abstract]
Change in equity attributable to non-controlling interests	Note 10—Noncontrolling Interests Activity attributable to common stockholders’ equity and noncontrolling interests for the first nine months of 2016 and 2015 was as follows: Millions of Dollars 2016 2015 Common Stockholders’ Equity Non-Controlling Interest Total Equity Common Stockholders’ Equity Non-Controlling Interest Total Equity Balance at January 1 $ 39,762 320 40,082 51,911 362 52,273 Net income (loss) (3,580) 40 (3,540) (978) 44 (934) Dividends (940) - (940) (2,741) - (2,741) Distributions to noncontrolling interests - (75) (75) - (62) (62) Other changes, net* 928 1 929 (3,982) 1 (3,981) Balance at September 30 $ 36,170 286 36,456 44,210 345 44,555 *Includes components of other comprehensive income (loss), which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Derivative and Financial Inst32

Derivative and Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative and Financial Instruments [Abstract]
Balance sheet location and fair value amounts of derivatives	The following table presents the gross fair values of our commodity derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars September 30 December 31 2016 2015 Assets Prepaid expenses and other current assets $ 246 768 Other assets 38 60 Liabilities Other accruals 247 754 Other liabilities and deferred credits 32 46 The following table presents the gross fair values of our foreign currency exchange derivatives, excluding collateral, and the line items where they appear on our consolidated balance sheet: Millions of Dollars September 30 December 31 2016 2015 Assets Prepaid expenses and other current assets $ - 47 Liabilities Other accruals 137 8
Income statement location and gain/loss amounts of derivatives	The gains (losses) from commodity derivatives incurred, and the line items where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Sales and other operating revenues $ 11 89 (155) 117 Other income 1 - (1) 1 Purchased commodities 7 (85) 136 (88) The (gains) losses from foreign currency exchange derivatives incurred, and the line item where they appear on our consolidated income statement were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Foreign currency transaction (gains) losses $ 35 (17) 218 (30)
Net exposures from outstanding commodity derivative contracts	The table below summarizes our material net exposures resulting from outstanding commodity derivative contracts: Open Position Long/(Short) September 30 December 31 2016 2015 Commodity Natural gas and power (billions of cubic feet equivalent) Fixed price (36) (14) Basis 21 (17) We had the following net notional position of outstanding foreign currency exchange derivatives: In Millions Notional Currency September 30 December 31 2016 2015 Sell U.S. dollar, buy other currencies* USD 14 347 Buy U.S. dollar, sell other currencies** USD - 20 Buy British pound, sell other currencies*** GBP 1,073 567 *Primarily Canadian dollar, Norwegian krone and British pound. **Primarily Canadian dollar. ***Primarily Canadian dollar and euro.
Balances of financial instruments	Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments September 30 December 31 September 30 December 31 2016 2015 2016 2015 Cash $ 728 528 - - Time deposits Remaining maturities from 1 to 90 days 3,362 1,840 209 - Remaining maturities from 91 to 180 days - - 25 - $ 4,090 2,368 234 -

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Measurement [Abstract]
Fair value hierarchy for gross financial assets and liabilities	Millions of Dollars September 30, 2016 December 31, 2015 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Commodity derivatives $ 164 94 26 284 516 242 70 828 Total assets $ 164 94 26 284 516 242 70 828 Liabilities Commodity derivatives $ 161 101 17 279 515 273 12 800 Total liabilities $ 161 101 17 279 515 273 12 800
Commodity derivative balances subject to right of setoff	The following table summarizes those commodity derivative balances subject to the right of setoff as presented on our consolidated balance sheet. We have elected to offset the recognized fair value amounts for multiple derivative instruments executed with the same counterparty in our financial statements when a legal right of setoff exists. Millions of Dollars Gross Gross Net Gross Amounts Amounts Amounts Amounts Cash without Net Recognized Offset Presented Collateral Right of Setoff Amounts September 30, 2016 Assets $ 284 190 94 - 5 89 Liabilities 279 190 89 6 7 76 December 31, 2015 Assets $ 828 600 228 - 8 220 Liabilities 800 600 200 1 11 188 At September 30, 2016 and December 31, 2015, we did not present any amounts gross on our consolidated balance sheet where we had the right of setoff.
Net fair value of financial instruments	The following table summarizes the net fair value of financial instruments (i.e., adjusted where the right of setoff exists for commodity derivatives): Millions of Dollars Carrying Amount Fair Value September 30 December 31 September 30 December 31 2016 2015 2016 2015 Financial assets Commodity derivatives $ 94 228 94 228 Total loans and advances—related parties 698 808 698 808 Financial liabilities Total debt, excluding capital leases 27,824 24,062 31,046 24,785 Commodity derivatives 83 199 83 199
Values of assets, by major category, measured at fair value on a nonrecurring basis	Non-Recurring Fair Value Measurement The following table summarizes the fair value hierarchy by major category and date of remeasurement for assets accounted for at fair value on a non-recurring basis during the year: Millions of Dollars Fair Value Measurements Using Fair Value Level 1 Inputs Level 3 Inputs Before-Tax Loss September 30, 2016 Net PP&E (held for sale) $ 217 217 - 99 June 30, 2016 Net PP&E (held for use) $ 23 - 23 53 March 31, 2016 Net PP&E (held for use) $ 217 - 217 129

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income [Abstract]
Components of accumulated other comprehensive income in the equity section of the balance sheet	Note 15—Accumulated Other Comprehensive Loss Accumulated other comprehensive loss in the equity section of our consolidated balance sheet included: Millions of Dollars Defined Benefit Plans Foreign Currency Translation Accumulated Other Comprehensive Income (Loss) December 31, 2015 $ (443) (5,804) (6,247) Other comprehensive income (loss) (74) 877 * 803 September 30, 2016 $ (517) (4,927) (5,444) *Foreign Currency Translation is primarily a result of the weakening of the U.S. dollar relative to the Canadian dollar and Norwegian krone.
Items reclassified out of accumulated other comprehensive income (loss)	The following table summarizes reclassifications out of accumulated other comprehensive loss: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Defined benefit plans $ 27 77 132 173 Above amounts are included in the computation of net periodic benefit cost and are presented net of tax expense of: $ 13 44 72 96 See Note 17 — Employee Benefit Plans, for additional information.

Cash Flow Information (Tables)

Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2016
Cash Flow Information [Abstract]
Cash Flow Information	Note 16—Cash Flow Information Millions of Dollars Nine Months Ended September 30 2016 2015 Cash Payments (Receipts) Interest $ 854 633 Income taxes* (339) 376 Net Sales (Purchases) of Short-Term Investments Short-term investments purchased $ (1,704) - Short-term investments sold 1,475 - $ (229) - *Net of $569 million and $556 million in 2016 and 2015, respectively, related to refunds received from the Internal Revenue Service.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Employee Benefit Plans [Abstract]
Pension and Postretirement Plans	Note 17 — Employee Benefit Plans Pension and Postretirement Plans Millions of Dollars Pension Benefits Other Benefits 2016 2015 2016 2015 U.S. Int'l. U.S. Int'l. Components of Net Periodic Benefit Cost Three Months Ended September 30 Service cost $ 27 19 36 31 - 2 Interest cost 32 30 41 34 3 5 Expected return on plan assets (34) (39) (50) (44) - - Amortization of prior service cost (credit) 2 (1) 1 (1) (9) (6) Recognized net actuarial loss 22 6 27 20 - - Settlements 22 - 79 - - - Curtailment loss 14 - 35 - 1 - Net periodic benefit cost $ 85 15 169 40 (5) 1 Nine Months Ended September 30 Service cost $ 82 59 108 94 1 3 Interest cost 104 93 120 102 10 19 Expected return on plan assets (112) (121) (157) (131) - - Amortization of prior service cost (credit) 4 (4) 4 (5) (26) (9) Recognized net actuarial loss (gain) 64 20 84 62 (1) 1 Settlements 149 - 131 - - - Curtailment loss 14 - 35 - 1 - Net periodic benefit cost $ 305 47 325 122 (15) 14
Severance accrual	Millions of Dollars Balance at December 31, 2015 $ 156 Accruals 126 Benefit payments (130) Foreign currency translation adjustments 4 Balance at September 30, 2016 $ 156

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Significant transactions with related parties	Note 18—Related Party Transactions Our related parties primarily include equity method investments and certain trusts for the benefit of employees. Significant transactions with our equity affiliates were: Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Operating revenues and other income $ 41 28 96 80 Purchases 26 25 75 72 Operating expenses and selling, general and administrative expenses 20 18 48 53 Net interest (income) expense* (3) (3) (9) (7) *We paid interest to, or received interest from, various affiliates. See Note 6—Investments, Loans and Long-Term Receivables, for additional information on loans to affiliated companies.

Segment Disclosures and Relat38

Segment Disclosures and Related Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Disclosures and Related Information [Abstract]
Analysis of Results by Operating Segment	Analysis of Results by Operating Segment Millions of Dollars Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Sales and Other Operating Revenues Alaska $ 925 1,067 2,639 3,455 Lower 48 2,993 3,106 7,533 9,421 Intersegment eliminations (3) (15) (15) (50) Lower 48 2,990 3,091 7,518 9,371 Canada 615 576 1,431 1,932 Intersegment eliminations (73) (76) (138) (265) Canada 542 500 1,293 1,667 Europe and North Africa 946 1,480 2,605 4,804 Intersegment eliminations - (2) - (3) Europe and North Africa 946 1,478 2,605 4,801 Asia Pacific and Middle East 942 1,074 2,676 3,748 Corporate and Other 70 52 153 229 Consolidated sales and other operating revenues $ 6,415 7,262 16,884 23,271 Net Income (Loss) Attributable to ConocoPhillips Alaska $ 59 53 204 393 Lower 48 (491) (852) (2,082) (1,550) Canada (314) (145) (783) (469) Europe and North Africa 163 (5) 132 667 Asia Pacific and Middle East (87) 258 (20) 981 Other International (47) (42) (100) (281) Corporate and Other (323) (338) (931) (719) Consolidated net loss attributable to ConocoPhillips $ (1,040) (1,071) (3,580) (978) Millions of Dollars September 30 December 31 2016 2015 Total Assets Alaska $ 12,548 12,555 Lower 48 23,331 26,932 Canada 17,976 17,221 Europe and North Africa 13,241 13,703 Asia Pacific and Middle East 21,138 22,318 Other International 356 282 Corporate and Other 5,694 4,473 Consolidated total assets $ 94,284 97,484

Supplementary Information - C39

Supplementary Information - Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2016
Supplementary Information - Condensed Consolidating Financial Information [Abstract]
Condensed Consolidated Income Statement	Millions of Dollars Three Months Ended September 30, 2016 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 2,933 - 3,482 - 6,415 Equity in earnings (losses) of affiliates (958) (397) - (26) 1,321 (60) Gain on dispositions - 11 - 40 - 51 Other income 1 3 - 106 - 110 Intercompany revenues 18 71 60 793 (942) - Total Revenues and Other Income (939) 2,621 60 4,395 379 6,516 Costs and Expenses Purchased commodities - 2,563 - 1,024 (768) 2,819 Production and operating expenses - 324 - 1,207 (5) 1,526 Selling, general and administrative expenses 2 158 - 43 - 203 Exploration expenses - 192 - 265 - 457 Depreciation, depletion and amortization - 351 - 2,074 - 2,425 Impairments - - - 123 - 123 Taxes other than income taxes - 26 - 135 - 161 Accretion on discounted liabilities - 11 - 97 - 108 Interest and debt expense 135 159 56 154 (169) 335 Foreign currency transaction (gains) losses 8 - (26) 31 - 13 Total Costs and Expenses 145 3,784 30 5,153 (942) 8,170 Income (loss) before income taxes (1,084) (1,163) 30 (758) 1,321 (1,654) Income tax benefit (44) (205) (4) (375) - (628) Net income (loss) (1,040) (958) 34 (383) 1,321 (1,026) Less: net income attributable to noncontrolling interests - - - (14) - (14) Net Income (Loss) Attributable to ConocoPhillips $ (1,040) (958) 34 (397) 1,321 (1,040) Comprehensive Loss Attributable to ConocoPhillips $ (1,113) (1,031) (10) (460) 1,501 (1,113) Income Statement Three Months Ended September 30, 2015 Revenues and Other Income Sales and other operating revenues $ - 2,954 - 4,308 - 7,262 Equity in earnings (losses) of affiliates (973) (19) - 559 656 223 Gain on dispositions - 5 - 13 - 18 Other income (1) (8) - 13 - 4 Intercompany revenues 19 81 60 862 (1,022) - Total Revenues and Other Income (955) 3,013 60 5,755 (366) 7,507 Costs and Expenses Purchased commodities - 2,623 - 1,501 (855) 3,269 Production and operating expenses - 390 - 1,447 (3) 1,834 Selling, general and administrative expenses 1 239 - 53 - 293 Exploration expenses - 761 - 300 - 1,061 Depreciation, depletion and amortization - 322 - 1,949 - 2,271 Impairments - 1 - 23 - 24 Taxes other than income taxes - 38 - 168 - 206 Accretion on discounted liabilities - 14 - 108 - 122 Interest and debt expense 121 113 57 113 (164) 240 Foreign currency transaction (gains) losses 47 - (359) 240 - (72) Total Costs and Expenses 169 4,501 (302) 5,902 (1,022) 9,248 Income (loss) before income taxes (1,124) (1,488) 362 (147) 656 (1,741) Income tax provision (benefit) (53) (515) 27 (144) - (685) Net income (loss) (1,071) (973) 335 (3) 656 (1,056) Less: net income attributable to noncontrolling interests - - - (15) - (15) Net Income (Loss) Attributable to ConocoPhillips $ (1,071) (973) 335 (18) 656 (1,071) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (3,555) (3,457) 70 (2,507) 5,894 (3,555) Millions of Dollars Nine Months Ended September 30, 2016 Income Statement ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Revenues and Other Income Sales and other operating revenues $ - 7,289 - 9,595 - 16,884 Equity in losses of affiliates (3,388) (1,168) - (325) 4,752 (129) Gain on dispositions - 96 - 106 - 202 Other income (loss) 1 (2) - 150 - 149 Intercompany revenues 62 220 176 2,246 (2,704) - Total Revenues and Other Income (3,325) 6,435 176 11,772 2,048 17,106 Costs and Expenses Purchased commodities - 6,409 - 2,585 (1,948) 7,046 Production and operating expenses - 1,065 - 3,502 (242) 4,325 Selling, general and administrative expenses 7 448 - 107 (6) 556 Exploration expenses - 1,174 - 398 - 1,572 Depreciation, depletion and amortization - 914 - 6,087 - 7,001 Impairments - 41 - 280 - 321 Taxes other than income taxes - 122 - 416 - 538 Accretion on discounted liabilities - 35 - 294 - 329 Interest and debt expense 385 457 168 426 (508) 928 Foreign currency transaction (gains) losses (34) 2 207 (163) - 12 Total Costs and Expenses 358 10,667 375 13,932 (2,704) 22,628 Loss before income taxes (3,683) (4,232) (199) (2,160) 4,752 (5,522) Income tax benefit (103) (844) (3) (1,032) - (1,982) Net loss (3,580) (3,388) (196) (1,128) 4,752 (3,540) Less: net income attributable to noncontrolling interests - - - (40) - (40) Net Loss Attributable to ConocoPhillips $ (3,580) (3,388) (196) (1,168) 4,752 (3,580) Comprehensive Loss Attributable to ConocoPhillips $ (2,777) (2,585) (6) (230) 2,821 (2,777) Income Statement Nine Months Ended September 30, 2015 Revenues and Other Income Sales and other operating revenues $ - 8,989 - 14,282 - 23,271 Equity in earnings of affiliates (712) 1,009 - 1,275 (886) 686 Gain on dispositions - 38 - 84 - 122 Other income (loss) (1) 9 - 82 - 90 Intercompany revenues 56 261 187 2,657 (3,161) - Total Revenues and Other Income (657) 10,306 187 18,380 (4,047) 24,169 Costs and Expenses Purchased commodities - 7,751 - 4,605 (2,620) 9,736 Production and operating expenses - 1,185 - 4,286 (37) 5,434 Selling, general and administrative expenses 7 521 - 151 (9) 670 Exploration expenses - 1,104 - 988 - 2,092 Depreciation, depletion and amortization - 882 - 5,849 - 6,731 Impairments - 1 - 117 - 118 Taxes other than income taxes - 157 - 498 - 655 Accretion on discounted liabilities - 43 - 322 - 365 Interest and debt expense 363 325 171 288 (495) 652 Foreign currency transaction (gains) losses 94 - (591) 401 - (96) Total Costs and Expenses 464 11,969 (420) 17,505 (3,161) 26,357 Income (loss) before income taxes (1,121) (1,663) 607 875 (886) (2,188) Income tax benefit (143) (951) 18 (178) - (1,254) Net income (978) (712) 589 1,053 (886) (934) Less: net income attributable to noncontrolling interests - - - (44) - (44) Net Income (Loss) Attributable to ConocoPhillips $ (978) (712) 589 1,009 (886) (978) Comprehensive Income (Loss) Attributable to ConocoPhillips $ (5,201) (4,935) 67 (3,393) 8,261 (5,201)
Schedule of Condensed Balance Sheet	Millions of Dollars September 30, 2016 Balance Sheet ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Assets Cash and cash equivalents $ - 275 11 3,804 - 4,090 Short-term investments - - - 234 - 234 Accounts and notes receivable 15 1,678 23 5,315 (3,711) 3,320 Inventories - 115 - 993 - 1,108 Prepaid expenses and other current assets 1 222 182 684 (200) 889 Total Current Assets 16 2,290 216 11,030 (3,911) 9,641 Investments, loans and long-term receivables* 38,921 64,440 3,489 31,283 (116,269) 21,864 Net properties, plants and equipment - 6,609 - 55,040 - 61,649 Other assets 8 2,182 235 1,328 (2,623) 1,130 Total Assets $ 38,945 75,521 3,940 98,681 (122,803) 94,284 Liabilities and Stockholders’ Equity Accounts payable $ - 4,013 8 3,441 (3,711) 3,751 Short-term debt (10) (2) 1,256 92 - 1,336 Accrued income and other taxes - 86 - 308 - 394 Employee benefit obligations - 500 - 257 - 757 Other accruals 101 351 82 966 (201) 1,299 Total Current Liabilities 91 4,948 1,346 5,064 (3,912) 7,537 Long-term debt 9,123 13,635 1,711 2,884 - 27,353 Asset retirement obligations and accrued environmental costs - 1,042 - 8,778 - 9,820 Deferred income taxes - - - 11,086 (2,052) 9,034 Employee benefit obligations - 2,023 - 448 - 2,471 Other liabilities and deferred credits* 122 10,084 807 18,664 (28,064) 1,613 Total Liabilities 9,336 31,732 3,864 46,924 (34,028) 57,828 Retained earnings (losses) 25,373 13,979 (585) 12,764 (19,635) 31,896 Other common stockholders’ equity 4,236 29,810 661 38,707 (69,140) 4,274 Noncontrolling interests - - - 286 - 286 Total Liabilities and Stockholders’ Equity $ 38,945 75,521 3,940 98,681 (122,803) 94,284 *Includes intercompany loans. Balance Sheet December 31, 2015 Assets Cash and cash equivalents $ - 4 15 2,349 - 2,368 Accounts and notes receivable 21 2,905 21 7,228 (5,661) 4,514 Inventories - 142 - 982 - 1,124 Prepaid expenses and other current assets 2 206 252 589 (266) 783 Total Current Assets 23 3,257 288 11,148 (5,927) 8,789 Investments, loans and long-term receivables* 43,532 64,015 3,264 27,839 (117,464) 21,186 Net properties, plants and equipment - 8,110 - 58,336 - 66,446 Other assets 7 950 233 1,158 (1,285) 1,063 Total Assets $ 43,562 76,332 3,785 98,481 (124,676) 97,484 Liabilities and Stockholders’ Equity Accounts payable $ - 5,684 13 4,897 (5,661) 4,933 Short-term debt (9) 1 1,255 180 - 1,427 Accrued income and other taxes - 62 - 437 - 499 Employee benefit obligations - 629 - 258 - 887 Other accruals 170 465 52 1,087 (264) 1,510 Total Current Liabilities 161 6,841 1,320 6,859 (5,925) 9,256 Long-term debt 7,518 10,660 1,716 3,559 - 23,453 Asset retirement obligations and accrued environmental costs - 1,107 - 8,473 - 9,580 Deferred income taxes - - - 11,814 (815) 10,999 Employee benefit obligations - 1,760 - 526 - 2,286 Other liabilities and deferred credits* 2,681 7,291 667 15,181 (23,992) 1,828 Total Liabilities 10,360 27,659 3,703 46,412 (30,732) 57,402 Retained earnings (losses) 29,892 17,366 (389) 15,177 (25,632) 36,414 Other common stockholders’ equity 3,310 31,307 471 36,572 (68,312) 3,348 Noncontrolling interests - - - 320 - 320 Total Liabilities and Stockholders’ Equity $ 43,562 76,332 3,785 98,481 (124,676) 97,484 *Includes intercompany loans.
Condensed Consolidated Statement of Cash Flows	Millions of Dollars Nine Months Ended September 30, 2016 Statement of Cash Flows ConocoPhillips ConocoPhillips Company ConocoPhillips Canada Funding Company I All Other Subsidiaries Consolidating Adjustments Total Consolidated Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (315) (124) (4) 4,307 (904) 2,960 Cash Flows From Investing Activities Capital expenditures and investments - (889) - (3,382) 401 (3,870) Working capital changes associated with investing activities - (135) - (266) - (401) Proceeds from asset dispositions 2,300 175 - 275 (2,331) 419 Purchases of short-term investments - - - (229) - (229) Long-term advances/loans—related parties - (803) - - 803 - Collection of advances/loans—related parties - 60 - 1,072 (1,024) 108 Intercompany cash management (2,767) 2,272 - 495 - - Other - 3 - 58 - 61 Net Cash Provided by (Used in) Investing Activities (467) 683 - (1,977) (2,151) (3,912) Cash Flows From Financing Activities Issuance of debt 1,600 2,994 - 803 (803) 4,594 Repayment of debt - (964) - (899) 1,024 (839) Issuance of company common stock 122 - - - (174) (52) Dividends paid (940) - - (1,078) 1,078 (940) Other - (2,318) - 295 1,930 (93) Net Cash Provided by (Used in) Financing Activities 782 (288) - (879) 3,055 2,670 Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - 4 - 4 Net Change in Cash and Cash Equivalents - 271 (4) 1,455 - 1,722 Cash and cash equivalents at beginning of period - 4 15 2,349 - 2,368 Cash and Cash Equivalents at End of Period $ - 275 11 3,804 - 4,090 Statement of Cash Flows Nine Months Ended September 30, 2015 Cash Flows From Operating Activities Net Cash Provided by (Used in) Operating Activities $ (263) (110) 2 6,165 182 5,976 Cash Flows From Investing Activities Capital expenditures and investments - (2,346) - (6,640) 1,073 (7,913) Working capital changes associated with investing activities - (15) - (827) - (842) Proceeds from asset dispositions 2,000 190 - 232 (2,099) 323 Long-term advances/loans—related parties - (248) - (1,973) 2,221 - Collection of advances/loans—related parties - - - 205 (100) 105 Intercompany cash management 764 (892) - 128 - - Other - 297 - 1 - 298 Net Cash Provided by (Used in) Investing Activities 2,764 (3,014) - (8,874) 1,095 (8,029) Cash Flows From Financing Activities Issuance of debt - 4,471 - 248 (2,221) 2,498 Repayment of debt - (100) - (92) 100 (92) Issuance of company common stock 237 - - - (306) (69) Dividends paid (2,741) - - (124) 124 (2,741) Other 3 (1,994) - 915 1,026 (50) Net Cash Provided by (Used in) Financing Activities (2,501) 2,377 - 947 (1,277) (454) Effect of Exchange Rate Changes on Cash and Cash Equivalents - - - (142) - (142) Net Change in Cash and Cash Equivalents - (747) 2 (1,904) - (2,649) Cash and cash equivalents at beginning of period - 770 7 4,285 - 5,062 Cash and Cash Equivalents at End of Period $ - 23 9 2,381 - 2,413

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Inventories
Crude oil and petroleum products	$ 436	$ 406
Materials and supplies	672	718
Total Inventories	1,108	1,124
Inventories (Textual) [Abstract]
Inventories valued on the LIFO basis	307	317
Excess of current replacement cost over LIFO cost of inventories	$ 62	$ 6

Assets Held for Sale or Sold (D

Assets Held for Sale or Sold (Details) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Beluga River Unit
Long Lived Assets Held For Sale [LineItems]
Net carrying value	$ 78
Amount of PP&E in carrying value of assets	100
Proceeds from asset dispositions	134
Gain (Loss) on Sale of Oil and Gas Property	56
Asset Retirement Obligation of held for sale or sold	19
Senegal [Member]
Long Lived Assets Held For Sale [LineItems]
Net carrying value	$ 285
Proceeds from asset dispositions		$ 440
Investment Owned Percent Of Net Assets	35.00%
Customary Adjustments [Member]
Long Lived Assets Held For Sale [LineItems]
Proceeds from asset dispositions		$ 90
Block B [Member]
Long Lived Assets Held For Sale [LineItems]
Net carrying value	$ 239
Amount of PP&E in carrying value of assets	162
Noncurrent liabilities of held for sale or sold	50
Impairment of asset held for sale	$ 42
Investment Owned Percent Of Net Assets	40.00%
Canada Asset Exchange
Long Lived Assets Held For Sale [LineItems]
Amount of PP&E in carrying value of assets	$ 65
Asset Retirement Obligation of held for sale or sold	27
Impairment of assets in exchange	57
Carrying value of assets exchanged	$ 69
Net Acres Given		143,000
Net Acres Received		40,000

Investments, Loans and Long-T42

Investments, Loans and Long-Term Receivables (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015
Equity method investments
Cumulative foreign currency translation adjustment	[1]	$ (4,927,000,000)		$ (4,927,000,000)			$ (5,804,000,000)
Income (Loss) from Equity Method Investments		(60,000,000)	$ 223,000,000	(129,000,000)	$ 686,000,000
Australia Pacific LNG [Member]
Equity method investments
Book value of investment		10,178,000,000		10,178,000,000
Project finance facility		8,500,000,000		8,500,000,000
Amount drawn from project finance facility		8,500,000,000		8,500,000,000
Fair value of investment		9,906,000,000		9,906,000,000
Unrecognized impairment		272,000,000		272,000,000
Percent decrease in guarantee						60.00%
Australia Pacific LNG [Member] | Export-Import Bank of the US [Member]
Equity method investments
Project finance facility		2,900,000,000		2,900,000,000
Australia Pacific LNG [Member] | Export-Import Bank of China [Member]
Equity method investments
Project finance facility		2,700,000,000		2,700,000,000
Australia Pacific LNG [Member] | Australian and International Commercial Bank Syndicate [Member]
Equity method investments
Project finance facility		2,900,000,000		2,900,000,000
Deferred Tax Effect [Member] | Australian and International Commercial Bank Syndicate [Member]
Equity method investments
Income (Loss) from Equity Method Investments				174,000,000
Qatar Liquefied Gas Company Limited (3) (QG3) [Member]
Equity method investments
Loan balance with affiliated company		696,000,000		696,000,000
FCCL [Member]
Equity method investments
Book value of investment		8,885,000,000		8,885,000,000
Cumulative foreign currency translation adjustment		$ 1,477,000,000		$ 1,477,000,000
Distribution from equity affiliate			$ 0
[1]	*Foreign Currency Translation is primarily a result of the weakening of the U.S. dollar relative to the Canadian dollar and Norwegian krone.

Suspended Wells and Wells in 43

Suspended Wells and Wells in Progress (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Suspended Wells (Textual) [Abstract]
Capitalized cost of suspended wells	$ 1,342	$ 1,260
Increase (decrease) in capitalized cost of suspended wells	82
Dollar value of wells charged to dry hole expense	$ 100
Number of wells charged to dry hole expense	Two

Suspended Wells - Exploration E

Suspended Wells - Exploration Expense - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense	$ 457	$ 1,061	$ 1,572	$ 2,092
Lower Forty Eight [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense			73
Gulf of mexico drill ship [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense			$ 134

Impairments (Details)

Impairments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	$ 123	$ 24	$ 321	$ 118
Exploration Expense	457	1,061	1,572	2,092
Alaska State [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges		2		9
Lower Forty Eight [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	1	6	61	6
Exploration Expense			73
Gibson and Tiber [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense			203
Melmar [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Exploration Expense			95
Canada [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	60		60
Europe [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	20	9	157	96
Asia Pacific and Middle East [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges	$ 42	6	$ 43	6
Corporate Segment [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Asset Impairment Charges		$ 1		$ 1

Debt (Details Textual)

Debt (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
ShortTermBorrowings [Abstract]
Maturity period of commercial paper (in days)		P90D
Letters of credit issued	$ 304	$ 304
Debt (Textual) [Abstract]
Classification of short-term debt as long-term debt	$ 0
Debt to capital ratio	0.65	0.65
4.2% Notes due 2021 [Member]
Debt Instrument [Line Items]
Debt at face value	$ 1,250	$ 1,250
Stated percentage of debt	4.20%	4.20%
Floating Rate Notes due 2019 [Member]
Debt Instrument [Line Items]
Debt at face value	$ 1,600	$ 1,600
Debt Instrument Term		3 years
Minimum Interest [Member]
Debt Instrument [Line Items]
Stated percentage of debt	1.50%	1.50%
Maximum Interest [Member]
Debt Instrument [Line Items]
Stated percentage of debt	2.00%	2.00%
Base Minimum Interest [Member]
Debt Instrument [Line Items]
Stated percentage of debt	0.50%	0.50%
Base Maximum Interest [Member]
Debt Instrument [Line Items]
Stated percentage of debt	1.00%	1.00%
Base Rate Interst [Member]
Debt Instrument [Line Items]
Stated percentage of debt	0.50%	0.50%
LIBOR Rate Interest [Member]
Debt Instrument [Line Items]
Stated percentage of debt	1.50%	1.50%
4.95% Notes due 2026 [Member]
Debt Instrument [Line Items]
Debt at face value	$ 1,250	$ 1,250
Stated percentage of debt	4.95%	4.95%
5.95% Notes due 2046 [Member]
Debt Instrument [Line Items]
Debt at face value	$ 500	$ 500
Stated percentage of debt	5.95%	5.95%
Marine Terminal Revenue Refunding Bonds due through 2035
Debt Instrument [Line Items]
Debt at face value	$ 283	$ 283
5.625% Notes due [Member]
Debt Instrument [Line Items]
Debt at face value			$ 1,250
Stated percentage of debt			5.625%
Revolving Credit Facilities [Member]
ShortTermBorrowings [Abstract]
Total amount under revolving credit facilities	6,750	6,750		$ 7,000
Letters of credit issued	0	0
Credit facilities remaining after commercial paper outstanding and issuance of letters of credit	6,750	6,750
ConocoPhillips [Member]
ShortTermBorrowings [Abstract]
Commercial paper program	6,250	6,250
ConocoPhillips Qatar Funding Ltd. [Member]
ShortTermBorrowings [Abstract]
Commercial paper program	500	500
Commercial paper outstanding	$ 0	$ 0		$ 803

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Activity for equity attributable to noncontrolling interests
Beginning Balance				$ 40,082	$ 52,273
Net income (loss)		$ (1,026)	$ (1,056)	(3,540)	(934)
Dividends paid				(940)	(2,741)
Distributions to noncontrolling interests				(75)	(62)
Other	[1]			929	(3,981)
Ending Balance		36,456	44,555	36,456	44,555
Common Stockholders' Equity [Member]
Activity for equity attributable to noncontrolling interests
Beginning Balance				39,762	51,911
Net income (loss)				(3,580)	(978)
Dividends paid				(940)	(2,741)
Other	[1]			928	(3,982)
Ending Balance		36,170	44,210	36,170	44,210
Noncontrolling Interest [Member]
Activity for equity attributable to noncontrolling interests
Beginning Balance				320	362
Net income (loss)				40	44
Distributions to noncontrolling interests				(75)	(62)
Other	[1]			1	1
Ending Balance		$ 286	$ 345	$ 286	$ 345
[1]	*Includes components of other comprehensive income (loss), which are disclosed separately in the Consolidated Statement of Comprehensive Income.

Guarantees (Details)

Guarantees (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Guarantees (Textual) [Abstract]
Environmental accruals for known contamination in carrying amount recorded for indemnifications	$ 258		$ 258
Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Ownership percentage in equity investment	37.50%
Train 1 and Train 2 [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 80
Terms of guarantees outstanding	1 year
Construction completion guarantee [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 3,200	$ 1,300
Maximum potential amount of future payments based on current pro-rata share	3,200
Carrying value of the guarantee to third-party lenders	114	$ 45
Continued development [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 170
Terms of guarantees outstanding	up to 29 years or the life of the venture
Other Guarantees [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 520
Terms of guarantees outstanding	up to eight years
Number Of Joint Ventures Backed By Guarantee	1
Indemnifications [Member]
Guarantees (Textual) [Abstract]
Carrying value of the guarantee to third-party lenders	$ 90
Environmental accruals for known contamination in carrying amount recorded for indemnifications	40
Indemnifications [Member] | Refinery Supplier [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 1,500
Terms of guarantees outstanding	eight years
Carrying value of the guarantee to third-party lenders	$ 98
Carrying value of indemnification asset	98
Guarantee existing sales agreement of natural gas delivery | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	1,000
Maximum potential amount of future payments under the guarantees in the event of intentional or reckless breach	$ 1,900
Terms of guarantees outstanding	1 to 26 years
Finance Reserve Guarantee [Member] | Australia Pacific APLNG [Member]
Guarantees (Textual) [Abstract]
Maximum potential amount of future payments	$ 100
Terms of guarantees outstanding	13 years
Carrying value of the guarantee to third-party lenders	$ 9

Contingencies and Commitments (

Contingencies and Commitments (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Contingencies and Commitments (Textual) [Abstract]
Total environmental accrual included in balance sheet	$ 258	$ 258
Expected years to incur the majority of expenditures	30 years
Letters of credit that secure performance obligations	$ 304

Derivative and Financial Inst50

Derivative and Financial Instruments - Commodity Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 246	$ 768
Other assets [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative assets	38	60
Other accruals [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative liabilities	247	754
Other liabilities and deferred credits [Member]
Derivatives, Fair Value [Line Items]
Commodity derivative liabilities	$ 32	$ 46

Derivative and Financial Inst51

Derivative and Financial Instruments - Commodity GainLoss (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Sales and other operating revenues [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	$ 11	$ 89	$ (155)	$ 117
Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	1	0	(1)	1
Purchased commodities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) from commodity derivatives	$ 7	$ (85)	$ 136	$ (88)

Derivative and Financial Inst52

Derivative and Financial Instruments - Commodity Notional (Details 2) - ft3 / D ft3 / D in Billions	Sep. 30, 2016	Dec. 31, 2015
Natural gas and power, Fixed price [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commodity derivatives - volumetric material net exposures	(36)	(14)
Natural gas and power, Basis [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commodity derivatives - volumetric material net exposures	21	(17)

Derivative and Financial Inst53

Derivative and Financial Instruments - FX Balance Sheet (Details 3) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange derivative assets	$ 0	$ 47
Other Accruals [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange derivative liabilities	$ 137	$ 8

Derivative and Financial Inst54

Derivative and Financial Instruments - FX GainLoss (Details 4) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Foreign currency transaction (gains) losses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency transaction (gains) losses	$ 35	$ (17)	$ 218	$ (30)

Derivative and Financial Inst55

Derivative and Financial Instruments - FX Notional (Details 5) £ in Millions, $ in Millions		Sep. 30, 2016GBP (£)	Sep. 30, 2016USD ($)	Dec. 31, 2015GBP (£)	Dec. 31, 2015USD ($)
Sell US Dollar Buy Other Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives	[1]		$ 14		$ 347
Buy U.S. dollar, sell other currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives	[2]				$ 20
Buy British pound, sell other currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Net notional position of foreign currency exchange derivatives | £	[3]	£ 1,073		£ 567
[1]	*Primarily Canadian dollar, Norwegian krone and British pound.
[2]	**Primarily Canadian dollar.
[3]	***Primarily Canadian dollar and euro.

Derivative and Financial Inst56

Derivative and Financial Instruments - Financial Instruments (Details 6) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Held-to-maturity Securities [Line Items]
Cash and cash equivalents Total	$ 4,090	$ 2,368	$ 2,413	$ 5,062	$ 5,062
Cash and Cash Equivalents [Member]
Schedule of Held-to-maturity Securities [Line Items]
Cash	728	528
Time Deposits	3,362	$ 1,840
Commercial Paper	0
Cash and Cash Equivalents [Member] | Short-term Investment [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	234
Cash and Cash Equivalents [Member] | Remaining maturities from 1 to 90 days [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	209
Cash and Cash Equivalents [Member] | Remaining maturities from 91 to 180 days [Member]
Schedule of Held-to-maturity Securities [Line Items]
Time Deposits	$ 25

Derivative and Financial Inst57

Derivative and Financial Instruments (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Schedule of Credit Risk [Line items]
Aggregate fair value of all derivative instruments in a liability position	$ 52	$ 158
Collateral was posted for derivative instruments in a liability position	1	$ 2
In event of downgrade below investment grade [Member]
Schedule of Credit Risk [Line items]
Additional collateral, either in the form of cash or letters of credit	$ 51
Financial instruments [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Terms of financial instruments and trade receivables	90 days
Trade receivables [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Terms of financial instruments and trade receivables	30 days

Fair Value Measurement - FV Hie

Fair Value Measurement - FV Hierarchy (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation investments	$ 0
Commodity derivative asset, gross	284	$ 828
Total assets	284	828
Commodity derivative liability, gross	279	800
Total liabilities	279	800
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation investments	0
Commodity derivative asset, gross	164	516
Total assets	164	516
Commodity derivative liability, gross	161	515
Total liabilities	161	515
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	94	242
Total assets	94	242
Commodity derivative liability, gross	101	273
Total liabilities	101	273
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodity derivative asset, gross	26	70
Total assets	26	70
Commodity derivative liability, gross	17	12
Total liabilities	$ 17	$ 12

Fair Value Measurement - FV of

Fair Value Measurement - FV of Commodity Derivatives (Details 1) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Offsetting Derivative Assets[Abstract]
Assets - gross amounts recognized	$ 284	$ 828
Assets - gross amounts offset	190	600
Assets - net amounts presented	94	228
Assets - cash collateral	0	0
Assets - amounts without right of setoff	5	8
Assets - net amounts	89	220
Offsetting Derivative Liabilities [Abstract]
Liabilities - gross amounts recognized	279	800
Liabilities - gross amounts offset	190	600
Liabilities - net amounts presented	89	200
Liabilities - cash collateral	6	1
Liabilities - amounts without right of setoff	7	11
Liabilities - net amounts	$ 76	$ 188

Faire Value Measurement - Nonre

Faire Value Measurement - Nonrecurring (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value - Net PP&E (held for use)	$ 217	$ 23	$ 217
Before-Tax Loss - Net PP&E (held for use)	99	53	129
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value - Net PP&E (held for use)	$ 217
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value - Net PP&E (held for use)		$ 23	$ 217

Fair Value Measurement - FV o61

Fair Value Measurement - FV of Fin. Instruments (Details 2) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Financial Assets [Abstract]
Deferred compensation investments	$ 0
Commodity derivatives, assets	94	$ 228
Financial Liabilities [Abstract]
Commodity derivatives, liabilities	89	200
Carrying Amount [Member]
Financial Assets [Abstract]
Deferred compensation investments	0	0
Commodity derivatives, assets	94	228
Total loans and advances - related parties	698	808
Financial Liabilities [Abstract]
Total debt, excluding capital leases, carrying amount	27,824	24,062
Commodity derivatives, liabilities	83	199
Deferred Compensation Liquidation [Member]
Financial Assets [Abstract]
Deferred compensation investments	267
Fair Value [Member]
Financial Assets [Abstract]
Deferred compensation investments	0	0
Commodity derivatives, assets	94	228
Total loans and advances - related parties	698	808
Financial Liabilities [Abstract]
Total debt, excluding capital leases, fair value	31,046	24,785
Commodity derivatives, liabilities	$ 83	$ 199

Accumulated Other Comprehensi62

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2016		Sep. 30, 2015	Sep. 30, 2016		Sep. 30, 2015
Accumulated other comprehensive income in the equity section of the balance sheet included
Defined Benefit Plans, Beginning Balance					$ (443)
Foreign Currency Translation, Beginning Balance	[1]				(5,804)
Accumulated Other Comprehensive Income, Beginning Balance					(6,247)
Defined Benefit Plans		$ 9		$ 35	(74)		$ 228
Foreign Currency Translation		(82)	[1]	(2,519)	877	[1]	(4,451)
Other Comprehensive Income, Net of Tax		(73)		$ (2,484)	803		$ (4,223)
Defined Benefit Plans, Ending Balance		(517)			(517)
Foreign Currency Translation, Ending Balance	[1]	(4,927)			(4,927)
Accumulated Other Comprehensive Income, Ending Balance		$ (5,444)			$ (5,444)
[1]	*Foreign Currency Translation is primarily a result of the weakening of the U.S. dollar relative to the Canadian dollar and Norwegian krone.

Accumulated Other Comprehensi63

Accumulated Other Comprehensive Income (Loss) (Details 1) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification out of Accumulated Other Comprehensive Income [Abstract]
Defined Benefit Plans	[1],[2]	$ 27	$ 77	$ 132	$ 173
Tax expense of defined benefit plans	[1],[2]	$ 13	$ 44	$ 72	$ 96
[1]	Above amounts are included in the computation of net periodic benefitcost and are presented net of tax expense of: $13,$44,$72,$96
[2]	See Note 17—Employee Benefit Plans, for additional information.

Cash Flow Information (Details)

Cash Flow Information (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Cash payments (receipts)
Interest		$ 854	$ 633
Income taxes	[1]	(339)	376
Proceeds From Income Tax Refunds		569	$ 556
Net Purchases of Short-Term Investments
Short-term investments purchased		(1,704)
Short-term investments sold		1,475
Net sale (purchases) of short-term investments		$ (229)
[1]	*Net of $569 million and $556 million in 2016 and 2015, respectively, related to refunds received from the Internal Revenue Service.

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
U.S. (Pension Benefits) [Member]
Components of Net Periodic Benefit Cost
Service cost	$ 27	$ 36	$ 82	$ 108
Interest cost	32	41	104	120
Expected return on plan assets	(34)	(50)	(112)	(157)
Amortization of prior service cost	2	1	4	4
Recognized net actuarial (gain) loss	22	27	64	84
Settlements	22	79	149	131
Curtailment loss	14	35	14	35
Net periodic benefit cost	85	169	305	325
Int'l (Pension Benefits) [Member]
Components of Net Periodic Benefit Cost
Service cost	19	31	59	94
Interest cost	30	34	93	102
Expected return on plan assets	(39)	(44)	(121)	(131)
Amortization of prior service cost	(1)	(1)	(4)	(5)
Recognized net actuarial (gain) loss	6	20	20	62
Net periodic benefit cost	15	40	47	122
Other Benefits [Member]
Components of Net Periodic Benefit Cost
Service cost	0	2	1	3
Interest cost	3	5	10	19
Amortization of prior service cost	(9)	(6)	(26)	(9)
Recognized net actuarial (gain) loss		0	(1)	1
Curtailment loss	1		1
Net periodic benefit cost	$ (5)	$ 1	$ (15)	$ 14

Employee Benefit Plans (Detai66

Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Employee Benefit Plans (Textual) [Abstract]
Increase in pension liability	$ 31	$ 231	$ 331	$ 216
Discount rate for net pension liability					4.50%
U.S. (Pension Benefits) [Member]
Employee Benefit Plans (Textual) [Abstract]
Company contributions			223
Expected company contributions			260
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	(22)	(79)	(149)	(131)
Defined Benefit Plan Curtailments	14	$ 35	14	$ 35
Increase in pension liability	33		$ 334
Special pension termination benefits	$ 14
U.S. Qualified [Member]
Employee Benefit Plans (Textual) [Abstract]
Discount rate for net pension liability	3.40%		3.40%
U.S. Nonqualified [Member]
Employee Benefit Plans (Textual) [Abstract]
Discount rate for net pension liability	2.80%		2.80%
Int'l (Pension Benefits) [Member]
Employee Benefit Plans (Textual) [Abstract]
Company contributions			$ 82
Expected company contributions			130
Other Postretirement Benefit Plans, Defined Benefit [Member]
Employee Benefit Plans (Textual) [Abstract]
Defined Benefit Plan Curtailments	$ 1		$ 1

Employee Benefit Plans (Severan

Employee Benefit Plans (Severances) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Supplemental Unemployment Benefits [Line Items]
Foreign currency translation adjustments	$ (82)	$ (2,544)	$ 877	$ (4,493)
Employee Severance
Supplemental Unemployment Benefits [Line Items]
Severance Accrual	156		156		$ 156
Payments For Postemployment Benefits	(130)
Severance accrual current period change	126
Foreign currency translation adjustments	4
Short term portion of severance accrual	123		$ 123
Employee severance accrual reversal [Member]
Supplemental Unemployment Benefits [Line Items]
Severance accrual current period change	$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Significant transactions with related parties
Operating revenues and other income		$ 41	$ 28	$ 96	$ 80
Purchases		26	25	75	72
Operating expenses and selling, general and administrative expenses		20	18	48	53
Net interest (income) expense	[1]	$ (3)	$ (3)	$ (9)	$ (7)
[1]	*We paid interest to, or received interest from, various affiliates. See Note 6—Investments, Loans and Long-Term Receivables, for additional

Segment Disclosures and Relat69

Segment Disclosures and Related Information - Sales (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Sales and other operating revenues	$ 6,415,000,000	$ 7,262,000,000	$ 16,884,000,000	$ 23,271,000,000
Alaska [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	925,000,000	1,067,000,000	2,639,000,000	3,455,000,000
Lower 48 Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	2,993,000,000	3,106,000,000	7,533,000,000	9,421,000,000
Intersegment Eliminations before Lower 48 and Latin America [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	(3,000,000)	(15,000,000)	(15,000,000)	(50,000,000)
Lower 48 [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	2,990,000,000	3,091,000,000	7,518,000,000	9,371,000,000
Canada before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	615,000,000	576,000,000	1,431,000,000	1,932,000,000
Intersegment Eliminations before Canada [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	(73,000,000)	(76,000,000)	(138,000,000)	(265,000,000)
Canada [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	542,000,000	500,000,000	1,293,000,000	1,667,000,000
Europe before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	946,000,000	1,480,000,000	2,605,000,000	4,804,000,000
Intersegment Eliminations before Europe [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	0	(2,000,000)		(3,000,000)
Europe and North Africa [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	946,000,000	1,478,000,000	2,605,000,000	4,801,000,000
Asia Pacific Before Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	942,000,000	1,074,000,000	2,676,000,000	3,748,000,000
Other International [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	0	0	0	0
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Sales and other operating revenues	$ 70,000,000	$ 52,000,000	$ 153,000,000	$ 229,000,000

Segment Disclosures and Relat70

Segment Disclosures and Related Information - Net Income (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	$ (1,040)	$ (1,071)	$ (3,580)	$ (978)
Alaska [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	59	53	204	393
Lower 48 [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(491)	(852)	(2,082)	(1,550)
Canada [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(314)	(145)	(783)	(469)
Europe and North Africa [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	163	(5)	132	667
Asia Pacific and Middle East [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(87)	258	(20)	981
Other International [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	(47)	(42)	(100)	(281)
Corporate and Other [Member]
Net Income Attributable to ConocoPhillips
Consolidated net income (loss) attributable to ConocoPhillips	$ (323)	$ (338)	$ (931)	$ (719)

Segment Disclosures and Relat71

Segment Disclosures and Related Information (Details Textual)	9 Months Ended
	Sep. 30, 2016
Segment Disclosures and Related Information (Textual) [Abstract]
Number of operating segments	6

Segment Disclosures and Relat72

Segment Disclosures and Related Information - Assets (Details 2) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Assets [Abstract]
Consolidated total assets	$ 94,284	$ 97,484
Alaska [Member]
Assets [Abstract]
Consolidated total assets	12,548	12,555
Lower 48 [Member]
Assets [Abstract]
Consolidated total assets	23,331	26,932
Canada [Member]
Assets [Abstract]
Consolidated total assets	17,976	17,221
Europe [Member]
Assets [Abstract]
Consolidated total assets	13,241	13,703
Asia Pacific and Middle East [Member]
Assets [Abstract]
Consolidated total assets	21,138	22,318
Other International [Member]
Assets [Abstract]
Consolidated total assets	356	282
Corporate and Other [Member]
Assets [Abstract]
Consolidated total assets	$ 5,694	$ 4,473

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes (Textual) [Abstract]
Effective tax rate	38.00%	39.00%	36.00%	57.00%
Current Income Tax Expense Benefit [Line Items]
Income Tax Expense (Benefit)	$ (628)	$ (685)	$ (1,982)	$ (1,254)
Canada [Member]
Current Income Tax Expense Benefit [Line Items]
Foreign Tax Benefit/Expense				$ 129
Corporation Tax Rate pre legislation				25.00%
Corporation Tax Rate post legislation				27.00%
United Kingdom [Member]
Current Income Tax Expense Benefit [Line Items]
Foreign Tax Benefit/Expense			$ 138	$ 555
Corporation Tax Rate pre legislation			50.00%	62.00%
Corporation Tax Rate post legislation			40.00%	50.00%
DeferredStateTaxRecognitionMember [Member]
Current Income Tax Expense Benefit [Line Items]
Foreign Tax Benefit/Expense			$ (68)

Supplementary Information - C74

Supplementary Information - Condensed Consolidating Financial Information - Inc Stmt (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues and Other Income
Sales and other operating revenues	$ 6,415,000,000	$ 7,262,000,000	$ 16,884,000,000	$ 23,271,000,000
Equity in earnings (losses) of affiliates	(60,000,000)	223,000,000	(129,000,000)	686,000,000
Gain (loss) on dispositions	51,000,000	18,000,000	202,000,000	122,000,000
Other income	110,000,000	4,000,000	149,000,000	90,000,000
Intercompany revenues	0	0
Total Revenues and Other Income	6,516,000,000	7,507,000,000	17,106,000,000	24,169,000,000
Costs and Expenses
Purchased commodities	2,819,000,000	3,269,000,000	7,046,000,000	9,736,000,000
Production and operating expenses	1,526,000,000	1,834,000,000	4,325,000,000	5,434,000,000
Selling, general and administrative expenses	203,000,000	293,000,000	556,000,000	670,000,000
Exploration expenses	457,000,000	1,061,000,000	1,572,000,000	2,092,000,000
Depreciation, depletion and amortization	2,425,000,000	2,271,000,000	7,001,000,000	6,731,000,000
Impairments	123,000,000	24,000,000	321,000,000	118,000,000
Taxes other than income taxes	161,000,000	206,000,000	538,000,000	655,000,000
Accretion on discounted liabilities	108,000,000	122,000,000	329,000,000	365,000,000
Interest and debt expense	335,000,000	240,000,000	928,000,000	652,000,000
Foreign currency transaction (gains) losses	13,000,000	(72,000,000)	12,000,000	(96,000,000)
Total Costs and Expenses	8,170,000,000	9,248,000,000	22,628,000,000	26,357,000,000
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,654,000,000)	(1,741,000,000)	(5,522,000,000)	(2,188,000,000)
Income tax provision (benefit)	(628,000,000)	(685,000,000)	(1,982,000,000)	(1,254,000,000)
Net income (loss)	(1,026,000,000)	(1,056,000,000)	(3,540,000,000)	(934,000,000)
Less: net income attributable to noncontrolling interests	(14,000,000)	(15,000,000)	(40,000,000)	(44,000,000)
Net Income (Loss)	(1,040,000,000)	(1,071,000,000)	(3,580,000,000)	(978,000,000)
Comprehensive Income (Loss) Attributable to ConocoPhillips	(1,113,000,000)	(3,555,000,000)	(2,777,000,000)	(5,201,000,000)
ConocoPhillips [Member]
Revenues and Other Income
Sales and other operating revenues	0	0	0	0
Equity in earnings (losses) of affiliates	(958,000,000)	(973,000,000)	(3,388,000,000)	(712,000,000)
Gain (loss) on dispositions	0	0	0	0
Other income	1,000,000	(1,000,000)	1,000,000	(1,000,000)
Intercompany revenues	18,000,000	19,000,000	62,000,000	56,000,000
Total Revenues and Other Income	(939,000,000)	(955,000,000)	(3,325,000,000)	(657,000,000)
Costs and Expenses
Purchased commodities	0	0	0	0
Production and operating expenses	0	0	0	0
Selling, general and administrative expenses	2,000,000	1,000,000	7,000,000	7,000,000
Exploration expenses	0	0	0	0
Depreciation, depletion and amortization	0	0	0	0
Impairments	0	0	0	0
Taxes other than income taxes	0	0	0	0
Accretion on discounted liabilities	0	0	0	0
Interest and debt expense	135,000,000	121,000,000	385,000,000	363,000,000
Foreign currency transaction (gains) losses	8,000,000	47,000,000	(34,000,000)	94,000,000
Total Costs and Expenses	145,000,000	169,000,000	358,000,000	464,000,000
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,084,000,000)	(1,124,000,000)	(3,683,000,000)	(1,121,000,000)
Income tax provision (benefit)	(44,000,000)	(53,000,000)	(103,000,000)	(143,000,000)
Net income (loss)	(1,040,000,000)	(1,071,000,000)	(3,580,000,000)	(978,000,000)
Less: net income attributable to noncontrolling interests	0	0	0	0
Net Income (Loss)	(1,040,000,000)	(1,071,000,000)	(3,580,000,000)	(978,000,000)
Comprehensive Income (Loss) Attributable to ConocoPhillips	(1,113,000,000)	(3,555,000,000)	(2,777,000,000)	(5,201,000,000)
ConocoPhillips Company [Member]
Revenues and Other Income
Sales and other operating revenues	2,933,000,000	2,954,000,000	7,289,000,000	8,989,000,000
Equity in earnings (losses) of affiliates	(397,000,000)	(19,000,000)	(1,168,000,000)	1,009,000,000
Gain (loss) on dispositions	11,000,000	5,000,000	96,000,000	38,000,000
Other income	3,000,000	(8,000,000)	(2,000,000)	9,000,000
Intercompany revenues	71,000,000	81,000,000	220,000,000	261,000,000
Total Revenues and Other Income	2,621,000,000	3,013,000,000	6,435,000,000	10,306,000,000
Costs and Expenses
Purchased commodities	2,563,000,000	2,623,000,000	6,409,000,000	7,751,000,000
Production and operating expenses	324,000,000	390,000,000	1,065,000,000	1,185,000,000
Selling, general and administrative expenses	158,000,000	239,000,000	448,000,000	521,000,000
Exploration expenses	192,000,000	761,000,000	1,174,000,000	1,104,000,000
Depreciation, depletion and amortization	351,000,000	322,000,000	914,000,000	882,000,000
Impairments	0	1,000,000	41,000,000	1,000,000
Taxes other than income taxes	26,000,000	38,000,000	122,000,000	157,000,000
Accretion on discounted liabilities	11,000,000	14,000,000	35,000,000	43,000,000
Interest and debt expense	159,000,000	113,000,000	457,000,000	325,000,000
Foreign currency transaction (gains) losses	0	0	2,000,000	0
Total Costs and Expenses	3,784,000,000	4,501,000,000	10,667,000,000	11,969,000,000
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,163,000,000)	(1,488,000,000)	(4,232,000,000)	(1,663,000,000)
Income tax provision (benefit)	(205,000,000)	(515,000,000)	(844,000,000)	(951,000,000)
Net income (loss)	(958,000,000)	(973,000,000)	(3,388,000,000)	(712,000,000)
Less: net income attributable to noncontrolling interests	0	0	0	0
Net Income (Loss)	(958,000,000)	(973,000,000)	(3,388,000,000)	(712,000,000)
Comprehensive Income (Loss) Attributable to ConocoPhillips	(1,031,000,000)	(3,457,000,000)	(2,585,000,000)	(4,935,000,000)
ConocoPhillips Canada Funding Company I [Member]
Revenues and Other Income
Sales and other operating revenues	0	0	0	0
Equity in earnings (losses) of affiliates	0	0	0	0
Gain (loss) on dispositions	0	0	0	0
Other income	0	0	0	0
Intercompany revenues	60,000,000	60,000,000	176,000,000	187,000,000
Total Revenues and Other Income	60,000,000	60,000,000	176,000,000	187,000,000
Costs and Expenses
Purchased commodities	0	0	0	0
Production and operating expenses	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Exploration expenses	0	0	0	0
Depreciation, depletion and amortization	0	0	0	0
Impairments	0	0	0	0
Taxes other than income taxes	0	0	0	0
Accretion on discounted liabilities	0	0	0	0
Interest and debt expense	56,000,000	57,000,000	168,000,000	171,000,000
Foreign currency transaction (gains) losses	(26,000,000)	(359,000,000)	207,000,000	(591,000,000)
Total Costs and Expenses	30,000,000	(302,000,000)	375,000,000	(420,000,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	30,000,000	362,000,000	(199,000,000)	607,000,000
Income tax provision (benefit)	(4,000,000)	27,000,000	(3,000,000)	18,000,000
Net income (loss)	34,000,000	335,000,000	(196,000,000)	589,000,000
Less: net income attributable to noncontrolling interests	0	0	0	0
Net Income (Loss)	34,000,000	335,000,000	(196,000,000)	589,000,000
Comprehensive Income (Loss) Attributable to ConocoPhillips	(10,000,000)	70,000,000	(6,000,000)	67,000,000
All Other Subsidiaries [Member]
Revenues and Other Income
Sales and other operating revenues	3,482,000,000	4,308,000,000	9,595,000,000	14,282,000,000
Equity in earnings (losses) of affiliates	(26,000,000)	559,000,000	(325,000,000)	1,275,000,000
Gain (loss) on dispositions	40,000,000	13,000,000	106,000,000	84,000,000
Other income	106,000,000	13,000,000	150,000,000	82,000,000
Intercompany revenues	793,000,000	862,000,000	2,246,000,000	2,657,000,000
Total Revenues and Other Income	4,395,000,000	5,755,000,000	11,772,000,000	18,380,000,000
Costs and Expenses
Purchased commodities	1,024,000,000	1,501,000,000	2,585,000,000	4,605,000,000
Production and operating expenses	1,207,000,000	1,447,000,000	3,502,000,000	4,286,000,000
Selling, general and administrative expenses	43,000,000	53,000,000	107,000,000	151,000,000
Exploration expenses	265,000,000	300,000,000	398,000,000	988,000,000
Depreciation, depletion and amortization	2,074,000,000	1,949,000,000	6,087,000,000	5,849,000,000
Impairments	123,000,000	23,000,000	280,000,000	117,000,000
Taxes other than income taxes	135,000,000	168,000,000	416,000,000	498,000,000
Accretion on discounted liabilities	97,000,000	108,000,000	294,000,000	322,000,000
Interest and debt expense	154,000,000	113,000,000	426,000,000	288,000,000
Foreign currency transaction (gains) losses	31,000,000	240,000,000	(163,000,000)	401,000,000
Total Costs and Expenses	5,153,000,000	5,902,000,000	13,932,000,000	17,505,000,000
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(758,000,000)	(147,000,000)	(2,160,000,000)	875,000,000
Income tax provision (benefit)	(375,000,000)	(144,000,000)	(1,032,000,000)	(178,000,000)
Net income (loss)	(383,000,000)	(3,000,000)	(1,128,000,000)	1,053,000,000
Less: net income attributable to noncontrolling interests	(14,000,000)	(15,000,000)	(40,000,000)	(44,000,000)
Net Income (Loss)	(397,000,000)	(18,000,000)	(1,168,000,000)	1,009,000,000
Comprehensive Income (Loss) Attributable to ConocoPhillips	(460,000,000)	(2,507,000,000)	(230,000,000)	(3,393,000,000)
Consolidating Adjustments [Member]
Revenues and Other Income
Sales and other operating revenues	0	0	0	0
Equity in earnings (losses) of affiliates	1,321,000,000	656,000,000	4,752,000,000	(886,000,000)
Gain (loss) on dispositions	0	0	0	0
Other income	0	0	0	0
Intercompany revenues	(942,000,000)	(1,022,000,000)	(2,704,000,000)	(3,161,000,000)
Total Revenues and Other Income	379,000,000	(366,000,000)	2,048,000,000	(4,047,000,000)
Costs and Expenses
Purchased commodities	(768,000,000)	(855,000,000)	(1,948,000,000)	(2,620,000,000)
Production and operating expenses	(5,000,000)	(3,000,000)	(242,000,000)	(37,000,000)
Selling, general and administrative expenses	0	0	(6,000,000)	(9,000,000)
Exploration expenses	0	0	0	0
Depreciation, depletion and amortization	0	0	0	0
Impairments	0	0	0	0
Taxes other than income taxes	0	0	0	0
Accretion on discounted liabilities	0	0	0	0
Interest and debt expense	(169,000,000)	(164,000,000)	(508,000,000)	(495,000,000)
Foreign currency transaction (gains) losses	0	0	0	0
Total Costs and Expenses	(942,000,000)	(1,022,000,000)	(2,704,000,000)	(3,161,000,000)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	1,321,000,000	656,000,000	4,752,000,000	(886,000,000)
Income tax provision (benefit)	0	0	0	0
Net income (loss)	1,321,000,000	656,000,000	4,752,000,000	(886,000,000)
Less: net income attributable to noncontrolling interests	0	0	0	0
Net Income (Loss)	1,321,000,000	656,000,000	4,752,000,000	(886,000,000)
Comprehensive Income (Loss) Attributable to ConocoPhillips	$ 1,501,000,000	$ 5,894,000,000	$ 2,821,000,000	$ 8,261,000,000

Supplementary Information - C75

Supplementary Information - Condensed Consolidating Financial Information - Bal Sheet (Details 1) - USD ($) $ in Millions		Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents		$ 4,090	$ 2,368	$ 2,413	$ 5,062	$ 5,062
Short-term investments		234
Accounts and notes receivable		3,320	4,514
Inventories		1,108	1,124
Prepaid expenses and other current assets		889	783
Total Current Assets		9,641	8,789
Investments, loans and long-term receivables	[1]	21,864	21,186
Net properties, plants and equipment		61,649	66,446
Other assets		1,130	1,063
Total Assets		94,284	97,484
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		3,751	4,933
Short-term debt		1,336	1,427
Accrued income and other taxes		394	499
Employee benefit obligations		757	887
Other accruals		1,299	1,510
Total Current Liabilities		7,537	9,256
Long-term debt		27,353	23,453
Asset retirement obligations and accrued environmental costs		9,820	9,580
Deferred income taxes		9,034	10,999
Employee benefit obligations		2,471	2,286
Other liabilities and deferred credits		1,613	1,828
Total Liabilities		57,828	57,402
Retained earnings		31,896	36,414
Other common stockholders' equity		4,274	3,348
Noncontrolling interests		286	320
Total Liabilities and Stockholders' Equity		94,284	97,484
ConocoPhillips [Member]
Assets
Cash and cash equivalents						0
Accounts and notes receivable		15	21
Prepaid expenses and other current assets		1	2
Total Current Assets		16	23
Investments, loans and long-term receivables	[1]	38,921	43,532
Net properties, plants and equipment			0
Other assets		8	7
Total Assets		38,945	43,562
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable			0
Short-term debt		(10)	(9)
Accrued income and other taxes			0
Employee benefit obligations			0
Other accruals		101	170
Total Current Liabilities		91	161
Long-term debt		9,123	7,518
Other liabilities and deferred credits	[1]	122	2,681
Total Liabilities		9,336	10,360
Retained earnings		25,373	29,892
Other common stockholders' equity		4,236	3,310
Total Liabilities and Stockholders' Equity		38,945	43,562
ConocoPhillips Company [Member]
Assets
Cash and cash equivalents		275	4	23	770	770
Accounts and notes receivable		1,678	2,905
Inventories		115	142
Prepaid expenses and other current assets		222	206
Total Current Assets		2,290	3,257
Investments, loans and long-term receivables	[1]	64,440	64,015
Net properties, plants and equipment		6,609	8,110
Other assets		2,182	950
Total Assets		75,521	76,332
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		4,013	5,684
Short-term debt		(2)	1
Accrued income and other taxes		86	62
Employee benefit obligations		500	629
Other accruals		351	465
Total Current Liabilities		4,948	6,841
Long-term debt		13,635	10,660
Asset retirement obligations and accrued environmental costs		1,042	1,107
Deferred income taxes		0	0
Employee benefit obligations		2,023	1,760
Other liabilities and deferred credits	[1]	10,084	7,291
Total Liabilities		31,732	27,659
Retained earnings		13,979	17,366
Other common stockholders' equity		29,810	31,307
Noncontrolling interests			0
Total Liabilities and Stockholders' Equity		75,521	76,332
ConocoPhillips Canada Funding Company I [Member]
Assets
Cash and cash equivalents		11	15	9	7	7
Accounts and notes receivable		23	21
Prepaid expenses and other current assets		182	252
Total Current Assets		216	288
Investments, loans and long-term receivables	[1]	3,489	3,264
Other assets		235	233
Total Assets		3,940	3,785
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		8	13
Short-term debt		1,256	1,255
Other accruals		82	52
Total Current Liabilities		1,346	1,320
Long-term debt		1,711	1,716
Other liabilities and deferred credits	[1]	807	667
Total Liabilities		3,864	3,703
Retained earnings		(585)	(389)
Other common stockholders' equity		661	471
Total Liabilities and Stockholders' Equity		3,940	3,785
All Other Subsidiaries [Member]
Assets
Cash and cash equivalents		3,804	2,349	$ 2,381	$ 4,285	4,285
Short-term investments		234	0
Accounts and notes receivable		5,315	7,228
Inventories		993	982
Prepaid expenses and other current assets		684	589
Total Current Assets		11,030	11,148
Investments, loans and long-term receivables	[1]	31,283	27,839
Net properties, plants and equipment		55,040	58,336
Other assets		1,328	1,158
Total Assets		98,681	98,481
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		3,441	4,897
Short-term debt		92	180
Accrued income and other taxes		308	437
Employee benefit obligations		257	258
Other accruals		966	1,087
Total Current Liabilities		5,064	6,859
Long-term debt		2,884	3,559
Asset retirement obligations and accrued environmental costs		8,778	8,473
Deferred income taxes		11,086	11,814
Employee benefit obligations		448	526
Other liabilities and deferred credits	[1]	18,664	15,181
Total Liabilities		46,924	46,412
Retained earnings		12,764	15,177
Other common stockholders' equity		38,707	36,572
Noncontrolling interests		286	320
Total Liabilities and Stockholders' Equity		98,681	98,481
Consolidating Adjustments [Member]
Assets
Cash and cash equivalents						$ 0
Accounts and notes receivable		(3,711)	(5,661)
Prepaid expenses and other current assets		(200)	(266)
Total Current Assets		(3,911)	(5,927)
Investments, loans and long-term receivables	[1]	(116,269)	(117,464)
Other assets		(2,623)	(1,285)
Total Assets		(122,803)	(124,676)
Liabilities and Stockholders' Equity
Accounts payable and related party accounts payable		(3,711)	(5,661)
Accrued income and other taxes			0
Other accruals		(201)	(264)
Total Current Liabilities		(3,912)	(5,925)
Deferred income taxes		(2,052)	(815)
Other liabilities and deferred credits	[1]	(28,064)	(23,992)
Total Liabilities		(34,028)	(30,732)
Retained earnings		(19,635)	(25,632)
Other common stockholders' equity		(69,140)	(68,312)
Total Liabilities and Stockholders' Equity		$ (122,803)	$ (124,676)
[1]	*Includes intercompany loans.

Supplementary Information - C76

Supplementary Information - Condensed Consolidating Financial Information - Bal Sheet (Details Textual) - USD ($) $ in Millions	Dec. 31, 2016	Sep. 30, 2016
ConocoPhillips [Member]
Condensed Financial Statements, Captions [Line Items]
Intercompany other liabilities		$ 2,300
Intercompany Investment		(2,300)
ConocoPhillips Company [Member]
Condensed Financial Statements, Captions [Line Items]
Intercompany other liabilities		(2,300)
Intercompany return of capital		$ 2,300
ConocoPhillips Canada Funding Company I [Member]
Condensed Financial Statements, Captions [Line Items]
Debt at face value	$ 1,250

Supplementary Information - C77

Supplementary Information - Condensed Consolidating Financial Information - Cash Flow (Details 2) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	$ 2,960	$ 5,976
Cash Flows From Investing Activities
Capital expenditures and investments	(3,870)	(7,913)
Working capital changes associated with investing activities	(401)	(842)
Proceeds from asset dispositions	419	323
Net sales (purchases) of short-term investments	(229)
Collection of advances/loans-related parties	108	105
Other	61	298
Net Cash Provided by (Used in) Investing Activities	(3,912)	(8,029)
Cash Flows From Financing Activities
Issuance of debt	4,594	2,498
Repayment of debt	(839)	(92)
Issuance of company common stock	(52)	(69)
Dividends paid	(940)	(2,741)
Other	(93)	(50)
Net Cash Provided by (Used in) Financing Activities	2,670	(454)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4	(142)
Net Change in Cash and Cash Equivalents	1,722	(2,649)
Cash and cash equivalents at beginning of period	2,368	5,062
Cash and Cash Equivalents at End of Period	4,090	2,413
ConocoPhillips [Member]
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	(315)	(263)
Cash Flows From Investing Activities
Capital expenditures and investments		0
Working capital changes associated with investing activities		0
Proceeds from asset dispositions	2,300	2,000
Net sales (purchases) of short-term investments		0
Long-term advances/loans-related parties		0
Collection of advances/loans-related parties		0
Intercompany cash management	(2,767)	764
Other		0
Net Cash Provided by (Used in) Investing Activities	(467)	2,764
Cash Flows From Financing Activities
Issuance of debt	1,600
Repayment of debt	0	0
Issuance of company common stock	122	237
Dividends paid	(940)	(2,741)
Other	0	3
Net Cash Provided by (Used in) Financing Activities	782	(2,501)
Net Change in Cash and Cash Equivalents		0
ConocoPhillips Company [Member]
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	(124)	(110)
Cash Flows From Investing Activities
Capital expenditures and investments	(889)	(2,346)
Working capital changes associated with investing activities	(135)	(15)
Proceeds from asset dispositions	175	190
Net sales (purchases) of short-term investments		0
Long-term advances/loans-related parties	(803)	(248)
Collection of advances/loans-related parties	60	0
Intercompany cash management	2,272	(892)
Other	3	297
Net Cash Provided by (Used in) Investing Activities	683	(3,014)
Cash Flows From Financing Activities
Issuance of debt	2,994	4,471
Repayment of debt	(964)	(100)
Issuance of company common stock		0
Dividends paid	0	0
Other	(2,318)	(1,994)
Net Cash Provided by (Used in) Financing Activities	(288)	2,377
Net Change in Cash and Cash Equivalents	271	(747)
Cash and cash equivalents at beginning of period	4	770
Cash and Cash Equivalents at End of Period	275	23
ConocoPhillips Canada Funding Company I [Member]
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	(4)	2
Cash Flows From Investing Activities
Capital expenditures and investments		0
Working capital changes associated with investing activities		0
Proceeds from asset dispositions		0
Net sales (purchases) of short-term investments		0
Long-term advances/loans-related parties		0
Collection of advances/loans-related parties		0
Intercompany cash management		0
Other		0
Net Cash Provided by (Used in) Investing Activities		0
Cash Flows From Financing Activities
Repayment of debt		0
Issuance of company common stock		0
Dividends paid		0
Other		0
Net Cash Provided by (Used in) Financing Activities		0
Net Change in Cash and Cash Equivalents	(4)	2
Cash and cash equivalents at beginning of period	15	7
Cash and Cash Equivalents at End of Period	11	9
All Other Subsidiaries [Member]
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	4,307	6,165
Cash Flows From Investing Activities
Capital expenditures and investments	(3,382)	(6,640)
Working capital changes associated with investing activities	(266)	(827)
Proceeds from asset dispositions	275	232
Net sales (purchases) of short-term investments	(229)	0
Long-term advances/loans-related parties	0	(1,973)
Collection of advances/loans-related parties	1,072	205
Intercompany cash management	495	128
Other	58	1
Net Cash Provided by (Used in) Investing Activities	(1,977)	(8,874)
Cash Flows From Financing Activities
Issuance of debt	803	248
Repayment of debt	(899)	(92)
Issuance of company common stock		0
Dividends paid	(1,078)	(124)
Other	295	915
Net Cash Provided by (Used in) Financing Activities	(879)	947
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4	(142)
Net Change in Cash and Cash Equivalents	1,455	(1,904)
Cash and cash equivalents at beginning of period	2,349	4,285
Cash and Cash Equivalents at End of Period	3,804	2,381
Consolidating Adjustments [Member]
Cash Flows From Operating Activities
Net Cash Provided by (Used in) Operating Activities	(904)	182
Cash Flows From Investing Activities
Capital expenditures and investments	401	1,073
Working capital changes associated with investing activities		0
Proceeds from asset dispositions	(2,331)	(2,099)
Net sales (purchases) of short-term investments		0
Long-term advances/loans-related parties	803	2,221
Collection of advances/loans-related parties	(1,024)	(100)
Intercompany cash management		0
Other		0
Net Cash Provided by (Used in) Investing Activities	(2,151)	1,095
Cash Flows From Financing Activities
Issuance of debt	(803)	(2,221)
Repayment of debt	1,024	100
Issuance of company common stock	(174)	(306)
Dividends paid	1,078	124
Other	1,930	1,026
Net Cash Provided by (Used in) Financing Activities	$ 3,055	(1,277)
Net Change in Cash and Cash Equivalents		$ 0